I understand that institutions aren’t allowed to directly buy and hodl #bitcoin and some newbies will buy their first #bitcoin via ETF’s (we all go through this phase). But I’m seeing some clown bitcoiners who are buying ETF’s and MSTR and some negative IQ clowns are even dumping their #bitcoin and buying ETF’s. These coming cycles will be lit 🔥 😂
MSTR is a trading instrument only. High premium/discount due to no creation/redemption mechanism. There's a moderate likelihood that Saylor and MSTR go $0 in the next large downturn. He has no self-control.
Yeah I get it but at the end of the day, MSTR is buying bitcoin and storing it on Coinbase. It would be more impressive if he started deploying capital towards bitcoin focused businesses but rather he chooses to buy bitcoin on Coinbase.
Saylor is a cog of corporate (suits)America and buys bitcoin to keep his foundation alive for eternity. I would rather prefer 1000’s of Andreas Anotonopolus than Saylor.