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 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.