From his convo with Saif, it doesn't sound like Saylor wants to loan bitcoin to anyone except "too big to fail" banks, effectively willing to maximize his return with the expectation taxpayers will bail him out when the banking system's rehypothication all goes wrong.
Nothing illegal with borrowing or lending, and I appreciate Saylor's transparency, but his willingness to dump his tail risk on innocent taxpayers, just so he can earn an additional 5%, is NOT consistent with bitcoin's reason for existence, which is a protest against harmful bailouts and the rehypothication.
People just need to realize Saylor and MSTR's greed and outsized risk appetite fuels the type of destruction which bitcoin is designed to avoid. He is not a maxi.
Yeah I listened to that poddy and the way I see it is he wants to use Bitcoin to milk the existing system for all its worth, and you know more power to him, keep gobbling up Bitcoin and giving over custody to 3rd parties and hope it doesn't bite you in the end
I see it as his chance to position his company as one of the biggest in this space, he has done well with the current strategy but trying to tack on leverage has never worked out well and maybe its a case of becoming too complacent