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That's awesome!

You might only have a very short time, but If I had the floor for 20-30 seconds & wanted to ask this same thing:

"Would Microstrategy not be the better alternative as a tech company with large amounts of #Bitcoin, making this capital not at risk during the next bank run like SVB, while also protecting from aggressive dollar debasement when the central bank inevitably prints another few trillion dollars to cover the widespread insolvencies?"

Things I'd be deliberate about in my framing:

• I would say "NEXT bank run" not "if there is another bank run"

• Use SVB as an explicit example

• Mention the fact that Bitcoin is both protection from the bank run itself, and then also from the inevitable money that comes after.

Maybe too long and a bit too leading, but those are just some thoughts since you asked for suggestions. Take it with a grain of salt, trust yourself and just ask it how you feel most comfortable with.

(don't know how the show works really, but if he shoots down your suggestion or counters you but you have another second to get in a retort, have something short, factual, & direct ready. Maybe like "Well they can't print Bitcoin." Hopefully that sticks in the head of anyone who still has a few warm brain cells 😆)

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Discussion

nobody 2y ago

I don’t thinking I’ll have a way to retort, so I want to ask a powerful enough question that will force viewers to ask themselves the same thing later. Kind of like, “How does printing more pieces of paper reduces poverty?”

Here’s where I’m at currently:

“In the wake of SVB, you made a recommendation on Wednesday to buy tech brimming with cash. Since the supply of cash loses value faster in an inflationary environment than hard assets, would you recommend Microstrategy and their #Bitcoin reserves ahead of the next bank run?”

I added the last 6 words thanks to your response. Critique please?

nobody 2y ago

“In the wake of SVB, you made a recommendation on Wednesday to buy tech brimming with cash. Since cash loses value faster in an inflationary environment than hard assets, would you recommend Microstrategy and their #Bitcoin reserves ahead of the next bank run?”

Corrected typo

mark tyler 2y ago

One potential response of his could be: how liquid is that “cash” that they have? Could they spend it if they see a great opportunity? No, they couldn’t spend it without abandoning their corporate messaging over the recent years, and it would tank their stock. So it’s not really cash, it’s an illiquid asset they hope will go up.

Guy Swann 2y ago

Nice 👍🏻

I would probably treat the inflation as secondary & let the bank run issue be the forefront since you already mentioned it as your focus as bank runs in the first message, and because that’s what I think Cramer was talking about regarding tech companies with cash if I assume correctly.

But otherwise it’s a good framing & I’d be interested to hear his response to either of the questions you’ve shared so far.

nobody 2y ago

His original intro was “a playbook during economic slowdown without high inflation, buy tech brimming w/ cash and doesn’t need equity or bond markets and therefore look like banks w/o risk to bank runs.”

I’m thinking: “In the wake of SVB, you made a recommendation on Wednesday to buy tech brimming with cash. Since Bitcoin allows you to be your own bank (I don’t like this setup, personally), would you recommend Microstrategy and their #Bitcoin reserves ahead of the next bank run?”

hodloncomrades 2y ago

Chat.openai:

"After the recent SVB incident, you recommended buying technology companies with strong cash reserves on Wednesday. Considering that cash loses value more quickly than hard assets during times of inflation, would you suggest investing in Microstrategy and their Bitcoin reserves as a potential safeguard against future bank runs."

nobody 2y ago

I had to squeeze in “Be your own bank” and they cut me off before I could get out the ending, but thanks for your help.

StackSats ⚡️ 2y ago

🎯🧡