Oddbean new post about login | logout This argument doesn't make much sense to me. Do you think this will still be a loss in 6 months or a year or at really any other time going forward? How do these short term moves matter at all?
Saylor is literally leveraging his company that doesn't make anything but to buy Bitcoin over the expense of their investors which are being used and dumped on, that's the first thing to consider so it's just a pyramid scheme. https://image.nostr.build/f7b5a52d89157c3cf4e00bf02a44176c18ad13fb8945f32af82a609196477680.jpg
Their cash flow doesn't seem to be a problem. It's a speculative attack on the dollar in an effort to acquire the most scarce asset to ever exist which just makes his company more valuable... which is ultimately good for investors, no?
I mean, I would never recommend buying any stock over bitcoin, but has the price performance of his stock suffered, or are people buying it because he is outperforming the rest of the market?
Leverage the investors is good for them? I don't think so, he should at least be actually building something on the bitcoin protocol imo.
What has the price of the stock been doing?
Walking on the edge of leveraging https://image.nostr.build/c937e31fa949ef6589d4830ee8d6ae2a3e3ce68751431860bf6cd3b5e7242c25.jpg
