I thought Michael Saylor was supposed to pump my Fiat Bags, everything went down today.
Discussion
My guess is that this is being driven by the shorts.
One approach: treat MSTR like BTC, buy and hodl regardless of price, we know it will go up over time.
Another: MSTR is doing great work, but it’s ultimately giving up your direct control of your money, and depending on market valuation in a manipulated stock market system.
I’m about 95% into BTC, 5% into MSTR due to this risk. And I hold the MSTR because (1) I treat it like a risky leverage play and (2) for my children’s brokerage accounts it was a choice been that and IBIT, and I trust Saylor more than Fink.
I'm really stuck honestly because I hate the whole institutional dumping Money into Bitcoin but it's the best way I can get exposure with my fiat accounts.
Most of my money in the past was pumped into retirement accounts but all of my future allocations will probably be more crypto heavy.
It's whatever, I plan on swapping into other assets over time but for now I'll take the easy momey.