Danny
@mad-scientist
Unpopular opinion: Saylor may be positioning himself to be a "main character". He may not be doing dumb and illegal things like his predecessors, but in the future he may be legally forced to sell bitcoin to pay MSTR bonds, which goes against his entire ethos, and may tank his stock (and briefly bitcoin). This is particularly true as he isn't that much up on his bitcoin (he's not a OG, not even close), he keeps buying tops on leverage (bonds/convertible bonds), and his company is trading at a 2-3X premium on its bitcoin. We know what a pullback looks like, and we know how the market prices BTC holdings with no re-peg mechanism (he will not sell willingly). I'm not saying this will happen, I'm saying it can happen. (I'll be buying the dip, but probably not in MSTR form).
0 reply
0 recast
0 reaction