Two outcomes:
1) Saylor dies with his keys, making all other bitcoin more valuable by effectively destroying some supply.
2) Saylor eventually sells/spends Bitcoin, thus returning supply to the market, but to those from whom he derives value, i.e., the productive members of society.
It’s a win win.
what he hell is he going to spend billions on? really...
It depends
He’s not buying all of that for himself. He probably has his own wallet we know little or nothing about. This is using other ppls money to go place bets on Bitcoin. Doing stuff like using Bitcoin as collateral when it is low and then buying much more when he is high.
He’s got the guts of saying that anyone who trades Bitcoin has low intellect and then goes to leverage other ppls Bitcoins when he shits himself due to margin call and liquidation levels.
I don’t think he holds his own keys.
Sauce?
Most of it is owned by MSFT, a publicly traded corporation. I have not heard any report of them using self custody. Most likely, it’s held by Coinbase or some other custodial giant.
*MSTR not MSFT 🤣
They use Coinbase as custodian, it's reported in their stock annual report
They also use Fidelity.
I think Microstrategy will open gigantic Lightning channels and draw balls long fiat loans against their bitcoin. BTC for them, and a Microstrategy account for you
Very interesting take. Do you have any recommended interviews where he has given you this idea? I really think we are underestimating this man still.
