It looks perpetual from the fiat paradigm. The end is when MicroStrategy has siphoned all the wealth available at their level because bitcoin is the greater asset here that perfectly keeps its energy. From the fiat world it looks like its going up forever because you never see a downfall from within but from the bitcoin perspective MicroStrategy is just attracting wealth using the blackhole that is bitcoin.

If they stay the only big company to play the bitcoin game then they will have 99% of all the wealth available at their level, they will starve their opponents to death if they don't play the same rules themselves.

The bitcoin game theory at wall street's scale is on. Other competitors will have to adopt the bitcoin standard during next months in order to survive.

It's happening 🫡

Nation states are next.