Oddbean new post about login | logout The more I think about MSTR the less I want to buy it. Yes it's pumping and will likely continue. Yes it's currently outperforming BTC. Every dollar spent on MSTR is a dollar that could have been put into self custody sats, but is instead giving Saylor more credit to buy those sats from the rest of us and keep them at coinbase. Is your personal goal to accumulate fiat or is it to radically shift the global financial system away from fiat? All I see is another lesson in time preference.
Another NO HEROES lesson in the making. Stack sats and sock them away coldly.
"Every dollar spent on MSTR is a dollar that could have been put into self custody sats" -this is incorrect for many people's 401k or otherwise legally restricted fiat accounts. argument there is ETF or MSTR
Leaving that wealth in a 401K is also a choice, but I see your point.
It’s better to buy bitcoin, but eventually all companies on a bitcoin standard have to outperform the underlying asset in a bull market in order to attract capital. The S&P will lose its benchmark status, until enough public companies unseat those which do not hold bitcoin or grow faster in the short term.
aaah you little crypto anarchist 🤣🫡👌I'm with you 💯