Saylor saying that ATMs do not move the price is the same logic as saying that money printing does not impact inflation. 🤡
#bitcoin #mstr
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Gymnastics
I think they are different and here’s why. Diluting MSTR shares to buy bitcoin is just an exchange from equity to bitcoin. In theory value for value.
Whereas money printing to fund unproductive entities.. dilutes the currency as more money in system, same amount of market goods in market.
This is ofcourse with the assumption that MSTR has it’s bitcoin and not paper bitcoin.
I know the theory. Thats the same argument all the fiat minded people tell you about inflation and money printing.
In reality everything is supply and demand.
Do not misunderstand me, I'm a MSTR shareholder and I belive that it can outperform bitcoin in the midterm.