“In the wake of SVB, you made a recommendation on Wednesday to buy tech brimming with cash. Since cash loses value faster in an inflationary environment than hard assets, would you recommend Microstrategy and their #Bitcoin reserves ahead of the next bank run?”

Corrected typo

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One potential response of his could be: how liquid is that “cash” that they have? Could they spend it if they see a great opportunity? No, they couldn’t spend it without abandoning their corporate messaging over the recent years, and it would tank their stock. So it’s not really cash, it’s an illiquid asset they hope will go up.