His debt is due starting 2030 (fact check me please), at a low interest rate.
Betting for sailor’s failure is a bet against bitcoin.
If he is margin called in 2030 at an average buy in price of 100k/coin, we’ve all lost.
Sailor was simply first. And pioneers always seem regarded to everyone else.
Bitcoin will keep on doing what it does whether degenerate grifters like Saylor make it or not. Tick tock next block.
Kinda my point. Sailor knows this too.
What his intentions are I cannot say.
But he still figured it out first on a grandiose scale.
The important aspect of Bitcoin is it's functionality, not the exchange rate.
I would be perfectly happy to see the exchange rate tank temporarily and catch a dipshit like Saylor with his pants down for over leveraging his company out of greed, and it will continue to be an immutable and un-counterfeitable record of transactions for the foreseeable future.
Saylor is no different than the leveraged traders that nostr:nprofile1qqspcm9j9xtt42lfyx7dghytvgfm9k4sjmuguja9v7x585v45xrg25gpzemhxue69uhkummnw3ex2mrfw3jhxtn0wfnj734wpv8 posts, just on a bigger scale.
🍿🍿
He’s not using margin trading though.
Pardon my jargon. I think my drift is spoken though, no?
Sure, I just don’t think anyone has made the convincing case for how their business model ends. If they can continue increasing Bitcoin per share (Bitcoin Yield) using forms of debt that do not encumber their massively expanding HODL bag, how does that fail? The bigger they get, the cheaper the capital they attract to pay off older debt and buy more Bitcoin.
Bitcoin has no top. Because fiat has no bottom.
Thats the bet.
