I think this is always been fairly obvious about Saylor as he using fiat corporatism to fund his entry into Bitcoin.

Generally speaking, this is just Boomer fiat institutionalism (this is not antagonism against Boomer but calling out one of their major faults as a polity, economic actor group) - they simply cannot imagine a world without institutions required to manage and approve everything.

They will do everything they can to shoehorn Bitcoin into an institutional box because for them the institutions is required. It is how they know that something is “good” and “safe” and not scary.

And because of this I think most Boomers will NEVER actually get bitcoin. They’ll buy dollarized “Bitcoin instruments” and think themselves geniuses. It will never occur to them that they’ll be leaving their progeny with little more than smoldering trash in this regard.

It is why I have taught my elders self custody. I have watched it liberate them out of thinking that Social Security will provide for their later years. Now they stack for themselves and they stack for their grandchildren’s children.