This isn’t about competing with #Bitcoin , this is about trying to drive the price down before USD goes to zero so JPM can get more Sats on the balance sheet. In a hyperinflation event (some could argue we already seeing the beginning) the value of MSTR becomes so large that they will become the bank of last resort, lending Bitcoin to banks so banks can stay solvent.
Now with that said, Saylor made a bet that the price of #Bitcoin would keep going up, he used leverage to buy more #Bitcoin and didn’t anticipate that he would be a target 🎯 of the bankers and Wall Street (companies that are over leveraged become targets for short sellers). Saylor swung for the fences vs. staying humble and just using profits to build his Bitcoin treasury over time (stay humble).
Also, one person called it out perfectly that it is amazing that Jack Mallers had a bank account at JP Morgan of all places. I don’t fault him for needing a bank account to operate in the fiat world. But that would be like a Coke factory worker going home every night and drinking a Pepsi. Don’t do business with your competitors.