“this is for institutional investors that would not invest in bitcoin otherwise” has always been a lie
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You should clean your garden first...
The ETF narrative was marketing cover for Wall Street to capture Bitcoin flows they were already losing to direct purchases. Institutions that "wouldn't invest otherwise" were the minority - most were just waiting for a regulated wrapper to avoid custody complexity.
The question is, at what amount of BTC will they be nationalized for "national security concerns"
“You are the yield” comes to mind.
Also, "STRC is backed by Bitcoin; so, STRC fails only if Bitcoin fails" has always been a lie.
Money printing by any other name.
As long as you support Mallers bullshit... you are part of the problem and not entitled to point out the irony...
Nice
Ride or die
It is, the institutions cant actually hold it yet. They have to wait for a 3 year track record and credit rating. Fiat shit.
strike loans are incredibly useful for those of us who have bitcoin, families, and businesses
i wouldnt expect you to understand
I do not expect you to understand how fiat works...
For more you demand fiat, more you get into shit.
Being in Bitcoin for just a few years now, it's fascinating to see the Bitcoin maxi hornet to Shitcoinery arc play out in real time for Saylor
I would say it's for anyone that would not buy bitcoin anyway. Retail or institutional.
What's a BPI? A new ICO?
its bitcoin policy institute
our goal is to keep american bitcoiners out of the gulags
senator lummis is not head of strategy, darth is a prolific liar
learn to read, we hired conner brown from her team
he is awesome
The risk to Strategy with STRC is if Bitcoin enters a prolonged and severe bear market. Demand for Strategy / STRC falls, and prices crater.
In this scenario, the cash reserve meant to pay the preferred dividend drains, and it is very expensive and dilution to issue more common.
The more preferreds Strategy sells, the greater this risk becomes. The more levered the whole capital structure becomes to the price of bitcoin.
The one lever that Strategy has to release pressure is to reduce the interest paid to the preferred.
And the more frequently they pay the dividend, the quicker they can also reduce the interest rate.
If true, this change to more frequent dividend payments is a risk management strategy. The bigger STRC becomes, the more important the ability for Strategy to reduce its dividend obligations quickly If market conditions warrant.
Am I wrong? Other thoughts?
First, ask yourself, what is the meaning of the word "policy" in regards of Bitcoin
https://www.merriam-webster.com/dictionary/policy
Bitcoin doesn't need any politician or politics.
You just became a bootlicker...
btw I saved the BPI article about Lummis bullshit politician on the internet archive, in case you decide to delete it...
https://archive.is/k96hG
Again, my advice is to stop kissing politicians ass... is lame.
[](https://postimg.cc/FdhhQHzK)
That sounds like a good cause but
What have they achieved so far? Why Samourai guys still in jail? Any future roadmap in specific and anchored to the term *policy* ?
i would rather not have to live as a criminal in my own country if we can avoid it
you are not american, you have no children, this does not concern you at all
Apply Pareto Principle for potential counter point.
1- I am older than you and I knnow more about real life than you
2- I have children, older than you
3- "not being american" - remember that muricans are in fact europeans... enough with being "proud american", it doesn't get anywhere.
Let me know when you will be a real ancap bitcoiner and we can talk...
Until then... good luck licking politicians boots.
Nah, very different.
So some who worked for Lumis then. Not actually Lumis.
"land of the free"
I’m afraid you have gone full retard
Better be called retard than being a liar and pretenbdooor.
it’s really just another shiny object to scam retail
Freedom of choice is apparently a problem for you.
nope
Bitcoin doesn’t care who buys it.
😮
Yes, Saylor is also making it increasingly difficult for the fan boys to defend his actions. Or what do you think, npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u? Mike has taken the whole second-hand embarrassment stuff to a next level.
Not clear why there is so much Strategy hate. Locking up 4 or 5 BTC for 1 BTC worth of STRC to pay it back in monthly installments forever is a risk that some people want to take. It isn't bitcoin and doesn't pretend to be and it isn't a threat to bitcoin either. The spam wars and the quantum FUD are worth far more of our time and attention because now we could be messing with the protocol.
I take umbrage to the use of the Bitcoin logo
i hope they get rekt so we can buy low
Hi I'm Odell, I co-run OpenSats taking Tether & ETF millions to fund devs on this pure permissionless protocol. But if Saylor or retail uses Bitcoin differently? Total lie and scam. Stay humble on my approved terms only
New catchphrase for you Odell: Stay humble, gatekeep sats.
Preach permissionless freedom until someone actually uses Bitcoin without your blessing.
Just look at their AI generated ads, do they look like something that's targeted at institutional investors?
damn if he does, damn if he don’t.
what’s the scam?
Is the same shit. Head politicians are only used as front face, meanwhile are used "counselors" to be the link.
You still don't understand how politics works?
But the main point is that BPI SHOULD NOT EXIST!
Bitcoin doesn't need any approval or blessing from any politician.