Oddbean new post about login | logout If every company started putting massive amounts of bitcoin on their balance sheets, wouldn’t you expect their stock to go up as well? Not saying you should or shouldn’t invest in stocks, but isn’t what we’re witnessing with Microstrstegy the expected outcome? https://m.primal.net/Mcgf.jpg
Wait till 58k gang shows up 🤣🤣🤣🤣
It will work in the happy good times, but will it work when the stressful bad times come knocking?
This is exactly what should and will happen when bitcoin on the balance sheet is a common practice. Why buy back stock when you can buy bitcoin? Buying leads to ngu.
You'll have your answer when easy liquidity dries up nostr:nevent1qqs8jv24pdd5n2a8mah73rqnjdaasyvjfhdzgjsdfjav7mnwlxrfzqgpz4mhxue69uhkummnw3ezummcw3ezuer9wchsyg8cumryxsh3upfysp3suflpq9kuud0u8fs5uczrflh54gjsxv5v4ypsgqqqqqqsgygkat
Yes, to some extent. I mean, in the case of MSTR it's not just putting it on their balance sheets with excess cash (although that's one part), it's also the almost degenerate leveraging + the "volatility transformer machine" that Saylor is building. I don't think just any company will build the speculative attack to that level. Love the fiat shorting though, let them print (shares & fiat). 21M only.
Just getting started. No company will be able to match MSTR though, unless Microsoft etc. go absolutely nuts.
