Saylor pressed all my buttons in this interview.
I don't share his view of #bitcoin at all. I would go as far as to say he is wrong in how he characterizes bitcoin as digital capital.
I would not compare bitcoin to other assets we currently have like real estate, etfs, equities, and bonds. The only person who would compare these when deciding to make a purchase are folks who are purely looking at the numbers go up side of bitcoin.
Consider this thought experiment, lets all of us sell everything we own to buy bitcoin. How will that even work? Who will buy our things? where do we live? rent? rent from who, they also want to sell to buy bitcoin? Are all the operating companies now worth zero? of course not.
Just like how we humans don't have all our value stored in Gold and prefer to have it in operating ventures, the same will happen to bitcoin. it will end up being a small portion of your wealth portfolio.
ITS CALLED THE BITCOIN STANDARD, NOT THE BITCOIN ASSET.
nostr:note1uteftxf4r6nh8320zy3lswyycgtyvcstqfekekga7ruefa06dk7sjzz8y9
Say it louder for those in the back
He’s a risk and a centralized target.
MSTR is the next black swan.
How? The only way I see this being true is if turns out that Coinbase (the custodian for MSTR Bitcoin) is lying about the BTC being held and that most of it is paper trading with the ETFs.
nostr:nevent1qqsrva74zly3prk7u5p0tepp6sj8nuduy55qm58gtdk4v849dhlsuvspz4mhxue69uhkummnw3ezummcw3ezuer9wchsygz67pu5vp4ptdtyrcj65g7sft6vkrtate5tz89vk3l9dfrf3l9gcspsgqqqqqqs6zr53e
What happened to Saylor in 2000?
2000 ?
yeah,
Oh .. you are talking about the dot com crash .. yup .. mstr was the trigger ..
Saylor fraud lol
Haha .. sure .. Saylor , MSTR or any other entity are only tools `Yantra` .. the point I was making was about #bitcoin .. I guess people get too much focused on individuals !
Fortunately he has no effect on the amount of sats we hold in cold storage right now. Price to acquire sats in fiat was always going to be a volatile ride, but I think that's still positive in the long term as it allows current fiat wages to obtain more sats. This is why I like the term exchanging or trading dollars for sats since you don't "buy" money.
He started shilling the idea of shitcoins in his Cantor presentation the other day. His ego got the best of him.
That’s why he wants Bitcoin yields too.
I think the comparison is fair based on how the market currently prices Bitcoin, which is as a store of value and digital commodity. It's just game theory playing out, but imo we're many years from Bitcoin being treated the defacto currency.
Oddbean new post about login | logout