If they just take freshly-minted fiat and use it to buy up Bitcoin, how is that different than them taking it to buy gold, land, oil futures, or shares?
Like Michael Saylor says, instead of using access to cheap credit to buy Apple shares, you use it to buy Bitcoin.
It’s not. You could call Saylor a Cantillionaire and it would be accurate - he is one of the privileged few who can print new money into existence with MSTR’s access to capital debt markets.
Saylor is not a Bitcoiner, he’s a BitcoinBug in it for himself. nostr:note144au605mp6kvgsknnvuxk7stl0yyx0mrjzqhphj2ug94tusgaapsq46a9m
Bitcoiners have to provide value to others to either receive Bitcoin payments or fiat money which they exchange for Bitcoin (or mine it).
The benefit they are deriving from Bitcoin is not due to their political connections or privileged position, it’s from their access to information which is never uniform in any market.
He's not the only one. We know of plenty of fiat millionaires and billionaires who own large amounts of Bitcoin. Their relative wealth will actually rise, with hyperbitcoinization, not fall.
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