Just buy bitcoin
Will any of y’all cool kid podcasters please talk about MSTR’s custodian(s) not having the bitcoin? Coinbase being the most likely culprit.
MSTR can allocate all the capital they want to this asset. Their allocation can get audited by fiat auditors. Everything can pass the smell check for fiat equity markets. But if they’re not ensuring someone is taking 100% custody of the bitcoin then they’re enabling paper manipulation of the supply cap.
Was super disappointed listening to nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy rip with Jeff. Everyone is just straight up MSTR hype … no one is addressing the *obvious* risk in the room.
Listen, if companies really integrate absolute scarcity into the existing fiat markets, the arbitrage opportunities are endless and massive in wealth creation. So yes…I love MSTR in theory. But if it is just fiat games played with Bitcoin … real bitcoiners will be hurt.
The longer we flounder here around 50% above last cycle’s ATH, the more likely fractional reserving MSTR’s bitcoin is happening. nostr:note15dzh7ew0fke0k4qkcxyexrfetvasvdcuekmg5qmkzrw0cgwlhn5qcq3f46
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