VCs invest in Bitcoin companies because they want a yield on their Bitcoin; otherwise, they would just hold the Bitcoin. The same goes for people that buy MSTR. They want to take on risk to get a yield (Bitcoin return) on their Bitcoin.
People clutching their pearls when Saylor mentions BTC yield, but have no issue with VCs doing the same thing make no sense.
I kinda prefer what saylor does compared to the VCs. Most startups will fail to ever return the BTC invested. At least saylor is aggressively stacking.
I’m on the sideline watching MSTR, a little jealous, but enjoying the show.
We were all jealous of Lehman Brothers & Enron until we weren’t 😂
they didn’t hold the hardest asset in the world on their balance sheet. They held a shitpiece of morgage backed securities, backed by nothing.
The difference between HODLers and MSTR.
HODLers are building wealth
MSTR are growing faster than their debt.
Saylor might win, but we don’t know.
If Trump buys 1M BTC to back the USD, then the U.S. & MSTR will be playing the same game.
No1. prio is always stay humble stack sats. But imo there s nothing against a 10/90 mstr/btc portfolio to gain some possible upside with the fact that you can lend against it already.
You have no argument from me on that one.
So if trump doin his stockpile thing mstr will moonshot like bitcoin too. Trump not gonna offer convertible bonds they playin a different game.
I disagree.
Same game different rules, same outcome.
If you’re using fiat as a debt vehicle I believe you’re going to loose no matter how you play the game.
But I don’t know and I could be wrong, but I currently see history repeating.
If you using debt in a weak currency backed by nothing to buy the hardest asset in the world. You not gonna lose. His margin call might be at 10k/btc. Sorry i do not see this coming.
I respect your opinion 🫂
Nice discussion, thank you.
Same to you bro. Thank you🙏 stay humble stack sats🧡
I’m struggling with the humble bit. I need to join a support group, but apart from that, all good here 🫂
A simple trick. Buy some and in the future just lend against your mstr stuck. You can keep your bitcoin and mstr. Fiat will go to zero, its inevitable.
Ok let me search my couch cushions
They still come up with that mnav valuation. It‘s a waste of time. Nobody knows how high mnav could go and it doesn’t matter. Market are not rational and the gonna front run that mstr could be one of the most valuable companies in the world. A shitload of money gonna flow into mstr with qqq and sp500 inclusion due to passive investments.
Oddbean new post about login | logout