the irony here is that in order to get into the S&P 500 and thus be exposed to trillions of dollars in passive investing ETFs etc (which is Michael Saylor's goal) #MicroStrategy needs to show positive revenue for some period (i think a year? don't quote me). In order to show positive revenue #MSTR needs to be allowed to recognize their bitcoin gain. Recognized gains get taxed... but if MSTR has to pay taxes on those gains they will have to sell bitcoins which will tank the price of both #bitcoin and #MSTR.
Shining example of why a bailout with taxpayer money is really the only way out for the #crypto industry... good thing they have a compliant and friendly administration that's already making plans to do just that.
https://x.com/profplum99/status/1882824919828005186
#cryptocurrency #finance #economics #ponzischeme #michaelSaylor
⚯ Michel de Cryptadamus ⚯ /
npub1da…epad9
2025-01-25 22:16:53
in reply to nevent1q…v4ka
Author Public Key
npub1da9uzsqntyhvh4y2y9fh8fptp44tgektw4jmnwukrhr06gtndkjqwepad9Published at
2025-01-25 22:16:53Event JSON
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