No one should care what saylor does… he doesn’t care about you or your bitcoin… if I were a betting man it won’t be long till saylor is trying to play mister banker with his btc…
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Discussion
All he does is: declares why believes in Bitcoin, openly buys Bitcoin and holds it for customers.
The only direct power he has over bitcoin is to sell the bag he has and plummet the price.
He tells you what you want to hear…
He does not hold Bitcoin for customers…
He has no direct power over Bitcoin…
While technically true, he has massive economic influence and control. He could absolutely coordinate and control miners, exchanges, government and banking laws, code changes, and much more.
He has no influence.
Hahaha. Ok. You cannot possibly believe that. He is in constant discussions with all circles of the above.
🤣🤣
He has no influence
Sure. I guess those trips to the white house, and regular meetings with black rock, fidelity, coinbase, the sec chair, Treasury deputy, tax and IRS committee gatherings, attending lobbyist dinners and speeches, meetings with david sacks, and so many more are for fun. Gotcha. Seems legit.
Covering your eyes doesn't make it going away.
lol I see the same stuff you do but it doesn’t mean he has any influence.
> He tells you what you want to hear…
Smart people don't need to hear anything, they make their own assessment; he too made his own assessment. Anyone with a few brain cells can figure out why Bitcoin is the best performng asset and why you should be in Bitcoin.
> He does not hold Bitcoin for customers…
Michael Saylor personally owns 17,732 BTC. These were bought with his own money and are managed and held outside any corporate or client structure.
On the other hand, MicroStrategy currently owns over 638,985 BTC, built up through corporate treasury operations. These acquisitions are funded by the company, primarily via selling new shares (equity) and issuing convertible notes (debt). Thesis coins are held by the publicly traded company, not owned by Saylor personally, and thus represent capital contributed by shareholders and bondholders.
> He has no direct power over Bitcoin...
Except dumping his personal batch, which is negligent. Let's keep it that way.
Sell some of that stock and you’ll get bitcoin from him right lmfao
That's an irrelavant side note. The stock is used for the exposure to Bitcoin upside, not to get Bitcoin in self-custody. I assume, the people choosing this approach have their own reasons for it, and evidently there's a demand for it so he is filling that niche. It ain't bad for the cypherpunks per se.