Saylor seems to be intentionally missing your point Danny. He's saying, all else equal, it's better for a company to have vs. not have Bitcoin (fine, agreed). But your challenge was whether it makes sense that there are so many companies who's only business model is to buy bitcoin when people could just be acquiring actual Bitcoin themselves, and those companies can't get the same leverage/liquidity as MSTR. Totally fair question he could have just tried to answer since, if anything, it could be interpreted as a compliment to Strategy.
