I agree on all of these points. However, many cannot buy BTC direct. In the UK we cannot buy the ETFs or BTC in a pension or investment account. I am sure this is true in other countries also. Many funds can not hold BTC direct but saylor is engineering ways to suck in the capital to purchase more BTC. It’s a lucrative tax efficient investment. ‘This is a game of exiting the system not getting more fiat’ maybe your game and that’s fine long term. My priority is to enhance the quality of life for my family, day to day and ensure they are happy, healthy and safe. Ive held BTC long before MSTR. I’ve always viewed fiat as pleasure tokens. The more I earn the more fun I have. One must live for today as well as plan for the future.