Observation: The MSTR investor community is a lot more skittish than the native Bitcoin stacker community.
More like day traders than savers.
Discussion
Native Bitcoiners will see a 50% price drop and be like: Is that all you’ve got?
MSTR investors will see a 5% price drop and be like: The sky is falling!
There is lots of overlap in these communities, to be sure, but it’s interesting to note the differences.
I tend to think MSTR will outperform BTC in USD terms. If the plan for MSTR is to acquire more BTC per share each time saylor buys, this should happen. Obvs there are more/different risks with MSTR than BTC (counter party risk, Saylor dies, Saylor loses corn, etc). But if saylor sticks to the script and doesn’t sell/lose any corn, I think this is a likely scenario.
I would liken it to saving vs active investing. Stacking is just saving MSTR is an investment.
The conviction of Bitcoiners is unparalleled.