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Replying to Avatar TKay

Saylor pressed all my buttons in this interview.

I don't share his view of #bitcoin at all. I would go as far as to say he is wrong in how he characterizes bitcoin as digital capital.

I would not compare bitcoin to other assets we currently have like real estate, etfs, equities, and bonds. The only person who would compare these when deciding to make a purchase are folks who are purely looking at the numbers go up side of bitcoin.

Consider this thought experiment, lets all of us sell everything we own to buy bitcoin. How will that even work? Who will buy our things? where do we live? rent? rent from who, they also want to sell to buy bitcoin? Are all the operating companies now worth zero? of course not.

Just like how we humans don't have all our value stored in Gold and prefer to have it in operating ventures, the same will happen to bitcoin. it will end up being a small portion of your wealth portfolio.

ITS CALLED THE BITCOIN STANDARD, NOT THE BITCOIN ASSET.

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Machu Pikacchu 1y ago

He started shilling the idea of shitcoins in his Cantor presentation the other day. His ego got the best of him.

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TKay 1y ago

That’s why he wants Bitcoin yields too.

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