I’m not saying he’s FTX
I love Michael and i think it’s genius what they are doing
Just saying that it hasn’t any of the characteristics of Bitcoin and why you would own Bitcoin in self custody
Discussion
That's fair, but who is say it is? Btw I really appreciate this discussion. Only on nostr.
I read a lot of Bitcoiners who are calling out people who do anything else beside stacking sats as an investment but all of a sudden MSTR is good and not the same shitcoinery
Yes appreciate having a good conversation
My view is you save in bitcoin but if you really want to grow your money you have to invest. Investing to increase your stack beyond what you can do just saving. This principle goes back to Babylon. And I believe it still applies with bitcoin being money.
A shitcoin is just a affinity Bitcoin scam a business running on business is not the same thing as a shitcoin but so many just blindly think anything that is not bitcoin is a shitcoin this lacks any critical thought which bitcoiners are typically critical thinkers so perhaps this is in fact the hypocrisy
What I think is interesting is, what is the "correct" multiple of NAV on MSTR? Nobody really knows because we've never seen a business like this before. What is the comp?
That’s a good question I recently liquidated my position because it seemed to be getting high but it could go a lot higher in a bull run. In a bear the Nav could come down sharply.