I don't think it's good that Saylor buys so much BTC.
Don't ask me why, it's just my bitcoiner intuition.
Maybe I'm just jelly
Discussion
One thing for sure is that he will be ready to negotiate with governments in need for real money. The question is, will he do that?
I would say better him than others like Governments and big businesses or like GBTC (680k) or Winkelvii (200k?) or Binance (xxxk?) etc.
But yes, hope a lot of plebs and poor people can stack a decent stack before many deep pockets realize that they can't be left out on this.
I’ve thought about that numerous times. Microstrategy tends to sell at times for tax purposes. Gives me a bit of comfort that Saylor is Bitcoin only vs. Grayscale and the Winklewonks…..keep on stacking.
It’s not that much, it just seems like it. Imagine how much Max and Stacey must have, bet their avg buy is a lot better than #[2]
Have been thinking this alot.
Not knowing the answer, mayby its good if its slowing down adaptation rate for some and boost adaption in other group.
But when bitcoin will figure this out and keeps going on open & free, uncontrolled by anyone, it will be fucking lit 🔥🧡
There’s like an 80% chance they’ll be nationalized in the next 10 years for “national security”
Maybe not 10 years, but this is in the cards. Either that or Russia starts backing their currency with #btc and the USA declares #microstrategy an enemy of the state and revokes their ability to sell securities, unless they liquidate. But yeah, most likely seizure.
Can a USA registered and listed company own... Assets? Yes. Cash and equivalents? Yes. "Foreign" currency? Yes. I mean no. I mean sometimes, probably, it depends.
#[4]
This is based on assumptions that the gov will obey any type of current law or regulation when the dollar hyper-inflates. USD isn’t dead from the amount of money printing in the last 3 years strictly because of its reserve status. That is currently being undermined by Russia, China, Iran, Saudi Arabia, Malachi’s, etc. the petrodollar is all but finished imo, and the minute those countries start offloading their US treasuries, that’s when the real inflation starts. There are no laws for a gov in countries going through hyperinflation (see history and current countries experiencing it).
He’s making a run at 1% total supply 👀
I’m glad it technically belongs to MSTR shareholders, not just Saylor, but yeah, prefer to see the “losers” in the current system accumulate BTC rather than the winners simply winning and winning. Unavoidable though, and at least there’s not the same Cantillon effect as with USD.
I don't mind. It's the same accumulation game we're all playing & we all benefit from it with increased optionality.
I still can't believe people are ignoring where this is going. We've been pretty transparent about what we're doing - stacking sats & hodling.
The short squeeze is coming. Silver ain't got nothing on sats.