Absolutely agree. Though there is a limit to how long bitcoin can keep doing what it's doing. Some people think that limit is when it demonetizes gold. Some people - like Saylor - believe it will demonetize most other savings vehicles as well. For all anyone really knows, it will be sooner rather than later. I happen to believe it will be later rather than sooner. My point, though, is whenever that limit does get realized, there will be an awful lot of people who bought expensive MSTR too late to ever get rewarded for it; and would have been much better off just buying BTC at market place. (in addition to your point about them not owning UTXOs).
Login to reply
Replies (1)
For sure, yes. Also, if bitcoin follows its historic cycles and dumps in 2026/2027 and you bought near or at the leveraged top of MSTR, it’s a more painful ride down, and you could have waited and potentially bought at a big discount versus a premium.