People buy MSTR for their sheer holding size. much like people don't buy MCD for the amount of burgers they sell, but for their premium real estate holdings. Most of MCD's market cap comes from its real estate holdings and franchisee income. MSTR has barely begun to leverage their Bitcoin holdings.
Speak for yourself. I see a dip and I'm like "oh boy time to buy!" then I realize I have absolutely zero capital left that isn't already in btc lol
I bought MSTR and CEP/XXI purely to gamble. I can only take on so much leverage, so I'm fine outsourcing that project to major players instead. Does Saylor and MSTR have all the bitcoin they say they do? If so, is it truly secure with Coinbase? I dunno. But I've factored that risk into my allocation size.
Dude figured out the btc value proposition and brought it to the corporate and tradfi world first. That's not nothing. Man deserves his flowers. But yeah. He's just a dude and his company is also made up of just dudes and could be lying their ass off about something. Up to you to decide if you wanna risk it for the leverage.
This has been talked about quite a bit. Strategy is a multibillion dollar public company seeking SP500 inclusion. Same with CB. These companies are heavily audited. Chamath was talking about how dumb Michael Burry was betting against these publicly traded AI companies. Burry tried to big brain his way into another big short then had the audacity to claim he didn't understand todays markets, thus closing Scion. Shorts work on insider knowledge or catastrophic event, but almost never work big braining your way through financials looking for fraud. That said, its entirely possible for Saylor to create a new debt instrument that can create significant contagion. But it must be widely adopted and none of his funds have significant capital pouring in. We ok for now.
Im sorry, i didnt mean my comment to indicate so much as an opinion on what you guys were talking about. It was just a general observation.
