Oddbean new post about login | logout Fixed income managers will buy ANY debt offering they make because that money is trapped in Tradfi otherwise. Most of it is permanently trapped but MSTR is offering them a bridge out. It all ends up in #bitcoin either way. Cold storage sats.
Why not just buy the ETF instead?
ETFs are one type of product. MSTR is another. Some people prefer to buy companies because there is creativity in human action. Saylor will think of things before Blackrock or Fidelity, and that will give him a first mover advantage. There will be a premium on the stock because of the products he comes up with.
Fixed income managers are only allowed to purchase fixed income products. They cant go outside of that bubble because the capital they manage forces them to only operate in bonds. So if you go buy your generic bond fund in your retirement account there is some manager that has to source out the best bond offerings for the investors. MSTR just happens to be the best option by a mile. Their benchmark return is like 1-5% for a typical bond; now they are offered something that gives them 100%+ returns they will buy anything MSTR puts out there. But most of that Fixed income / bond fund money will never make it over the bridge. It's permanently stuck capital that will never make it into the #Bitcoin system.
UGH AND THEN WHY NOT JUST BUY PEANUT THE SQUIRREL COIN? I FEEL LIKE IM MISSING OUT ON MSTR BUT I ALSO FEEL LIKE THIS IS A SLIPPERY SLOPE 😂
You're not missing out on MSTR. If you have liquid capital that is able to get out of the system and into the bitcoin system you should be getting it into sats while you can.
Trynna zap you my guy, and it wont let me
That's alright, appreciate the gesture 👊🤙 Ever since WoS died I failed to get a new wallet setup.