Embeds bitcoin exposure into traditional markets. Makes almost everyone in the country and many global people bitcoin hodlers via passive indexation. Please explain why it’s not.
Discussion
Less physical Bitcoin accessible to everyone else the more they accumulate. They will hoard it and use it on a broken system that honestly deserves perish a quick painful death. Traditional markets are manipulated, controlled, and ever so cucked. The whole Gamestop debacle a couple years back taught me that bullshit when I was not allowed to make my trades in time and got fucked.
While there are some benefits as you mentioned. I believe it is still easier for the average everyday person to learn how to install and manage their own bitcoin wallets. It really is not that hard once you learn. We have not reached a critical mass yet. We are still in the early adopter phase of Bitcoin. Just as the first people learning to use the internet were way ahead of the game for decades. We have to wait until there is enough sheeple using bitcoin.
Many people with lower intelligence do not understand basic economics so they do not see the value in it yet. They think it is too hard. It is just a matter of time, patience, empathy, and education of the technology.
#bitcoin
MicroStrategy's strategy is dramatically simple and crude: buy Bitcoin with your money, in exchange for a signed piece of paper... that's it, simple! By doing so, it accumulates real Bitcoin while leaving fiat to investors to redeem, and one day it will have more Bitcoin than anyone else! But even BlackRock is doing the exact same thing with ETFs. These companies collect Bitcoin with your money and give you back fiat, which you'll likely reinvest in another ETF or some other thing that still ultimately belongs to them. I'd say wake up, everyone! Learn what Bitcoin is and learn to own your private keys; that's the only thing that makes sense if you're awake and have understood what's really going on...
How does it make shareholders Bitcoin holders? Microstrategy holds the Bitcoin that it bought with your money.
And back to my original question: Why is it a good thing for one company to hold a vast amount of Bitcoin?
The demagoguery of Darth Saylor by "Bitcoiners" is disappointing to say the least.