The simplest way to see that Michael Saylor and Bitcoin maxis don’t actually believe in Bitcoin is this:
If they truly believed in BTC, they wouldn’t be begging nation states, investment firms, and retail investors to pile in, even telling people to sell their kidneys to buy more. All that does is drag more buyers into the market and push the price up, which stops them from accumulating cheaply.
And here’s the kicker. If I discovered a genuine hidden gem I was fully confident would change the world, I wouldn’t beg the entire world to jump in. I’d quietly accumulate behind the scenes. People who truly believe in an asset don’t try to pump it before they’ve secured their position.
They have limited conviction, they are overexposed, and they need a constant flow of new money to keep the price inflated so they can walk away with larger fiat gains.
Notice something else. They never talk about actual utility. It’s always empty slogans like “Bitcoin is going to $1 million.” That alone exposes the mindset. If fiat were as worthless and corrupt as they insist, they wouldn’t care whether BTC hit one million or one billion, because those numbers would be meaningless. They’d price everything in BTC instead.
Bitcoin is unarguably a vehicle for speculative gamblers chasing fiat profits. The irony is harsh, given that the same people publicly claim to reject fiat.
