Picture a world where everyone swears they understand what is happening, yet no one actually sees the monster chewing through the floorboards.
This is where Strategy stands, holding more of the one asset that cannot be bribed, diluted, or bailed out.
The most pristine collateral on Earth.
And the joke is that almost no one has processed the obvious.
The moment a new credit system forms around an asset, the biggest holder of that asset becomes the gravitational center.
By mass. By weight.
By the sheer inevitability of markets swarming toward the strongest balance sheet in the room.
Strategy does not need a marble building or a bird logo or economists lecturing about "soft landings."
It becomes a central bank the way a black hole becomes a black hole.
Enough density and everything else just orbits.
Think about the original Federal Reserve.
It won the throne because it sat on the biggest pile of gold.
Convertibility meant something.
Then convertibility died, yet the Fed kept the throne through legal monopoly and political muscle.
These things always look permanent until they are not.
Strategy's claim does not rely on any of that.
Its claim grows out of math.
Out of scarcity that cannot be rewritten.
The entity with the deepest Bitcoin treasury becomes the counterparty everyone would rather face, because markets trust collateral more than speeches.
Markets trust scarcity more than regulation
Markets trust verifiable supply more than political promises written at two in the morning.
Once institutions start stacking Bitcoin-backed credit, they weave themselves into a web they do not fully understand.
Every thread leads back to the biggest collateral holder.
Strategy becomes the node everyone circles.
The issuer everyone wants to hold.
The buyer everyone wants approval from.
The lender whose terms stop resembling suggestions and start resembling physical laws.
This is monopoly by preference.
The kind that lasts because people choose it again and again for reasons no law can overrule.
Competitors can imitate the structure, but they imitate it with smaller balance sheets.
Worse collateral. Higher risk.
A permanent lag, locked in by a fixed supply that refuses to give anyone a do-over
Follow this to the end. Central banks keep printing money. They keep holding their meetings. They keep pretending that demand for their credit products still exists.
And the people migrate to collateral that cannot be altered. Savings migrate. Liquidity migrates. Trust migrates.
Fiat keeps circulating, but circulation is not power.
Power comes from being the place where credit begins.
And the collateral that matters most is no longer theirs.
Strategy simply stands still while the world defects toward harder collateral. The fall is a preference.
A quiet admission from every institution that Bitcoin protects them better than anything created by decree.
Math makes the migration inevitable.
Strategy just arrived first.
