Microstrategy's $12B Bitcoin strategy isn't visionary - it's a mathematical pyramid scheme. Early investors profit as new debt ($7.5B in 2024 alone) funds previous obligations.  
👇 here 👇

https://basedtoschi.substack.com/p/inside-microstrategys-bitcoin-pyramid

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DYOR specialist.👁 basedtoschi.com - built glue.finance | I do stuff on $ETH @base @soneium @optimism @starknet

The MSTR pyramid scheme needs at least $1.95B in fresh capital yearly just to pay early investors with new investors and avoid collapse. For this to work, Bitcoin must reach $9.3 TRILLION market cap by 2030, 9% of GLOBAL WEALTH. If regulators don’t stop it earlier!

2/3 👇

When this collapses, winners are already determined: Saylor, early institutional investors (Pantera, ARK, Renaissance etc..), and Delta traders who profit ~30%/Y from volatility. Retail investors? Not so much.

3/3 - Read the full story 👇

When this collapses, winners are already determined: Saylor, early institutional investors (Pantera, ARK, Renaissance etc..), and Delta traders who profit ~30%/Y from volatility. Retail investors? Not so much.

3/3 - Read the full story 👇

https://basedtoschi.substack.com/p/inside-microstrategys-bitcoin-pyramid