He’s not stupid. He’s latching onto the investment asset narrative of bitcoin as a trojan horse. No government would approve of giving up the monopoly of money.
Discussion
when someone tells you who they are
believe them.
That's exactly right. Strategy is going to create new legal frameworks and banking products for insurance, loans, and earn yield.
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To me, it's Bitcoin backed financial and insurance products, and likely loans, financing options, and so on.
Just because Bitcoin has a fixed supply, doesn't mean you can't make money from other people with your own Bitcoin.
It could be in the form of liquidity moves, ie: someone needs some quick Bitcoin to cover a trade or whatever, boom, Strategy has you covered.
He said never sell, he didn't say anything about never monetize or loan it.
yay
regulatory capture ftw
here is a graphic to understand yield
🍌➡🎅➡💩💩
Cope
Agree with this take, far from cope. If his proposal is accepted, the only thing that needs to change in the future for btc to be used as currency is a tax policy change. It’s easy to imagine this in 20-30 years. But you go in demanding it be a currency now, all of a sudden it’s a competitor to the $ and guns come out like we are Iraq trying to sell oil in Euros. It’s the smart play even if it seems like a sell out short term.
This is what I was thinking. It’s possible that it is cope and he could be setting bitcoin back but I don’t them accepting it as a currency anyway
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“bitcoin is trustless/permissionless and freedom money, but i get bent out of shape is someone does something with their bitcoin i don’t like, agree with, or understand.”
unfortunate state of many
bitcoin doesn’t need saylor or his detractors.
