df
dfa94a58... 1y ago 💬 1

Saylors debt pyramiding of bitcoin is safe because "the debt is not collateral and its zero coupon". What ?! Has he discovered a perpetual motion financing machine ? Even if the debt is in the name of MicroStrategy , what do you think happens to MicroStrategy equity if we get an 80% drawdown of bitcoin like we've have in every other halving cycle ?

Reply to this note

Please Login to reply.

Discussion

Avatar
Nice and Kind Vic 1y ago

we didnt have an 80% drawdown in the previous cycle.

microstrategy equity could eventually trend to the nav of bitcoin holdings, along with every other company.

most other companies hold zero, making them potentially worth zero or close to it.