I see MSTR as an experiment. I really don’t think anyone can truly understand exactly what is happening or will happen, not even market finance experts. It’s never really been done before, diluting stock to purchase the world’s hardest money.
The problem with MSTR is everything that Bitcoin fixes:
- CEO/Company issues, what if Saylor starts shitcoining, the board changes strategy, he dies, etc
- Coinbase as their custodian. There are no proof of reserves and even if MSTR holds strong, Coinbase can have company/government/fraud issues.
- Diluting MSTR stock typically never is a good thing. They say because they are bonds he can’t get liquidated, but who really knows, and who wants their shares diluted.
- Everything is still $ fiat and government, Coinbase, StrategyB controlled.
With all of this said, ‘there is no second best’ and holding Bitcoin, ideally cold storage, is the only way to circumnavigate the above.
Now, on the other hand, the above isn’t guaranteed failure, and this experiment may turn into an extraordinary investment and company. I put MSTR into my 401k years ago before the ETFs and it’s done great, and I don’t plan to sell. It’s a leveraged experiment, but I would never choose MSTR over Bitcoin.
Bob2 / Bob
npub13c…cdsaw
2025-03-17 14:42:51
in reply to nevent1q…fwnt
Author Public Key
npub13ch6rllnruy5z2qm57836yw5zx4ytju4jl569jys6jhtp9furupsccdsawPublished at
2025-03-17 14:42:51Event JSON
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"content": "I see MSTR as an experiment. I really don’t think anyone can truly understand exactly what is happening or will happen, not even market finance experts. It’s never really been done before, diluting stock to purchase the world’s hardest money.\nThe problem with MSTR is everything that Bitcoin fixes:\n- CEO/Company issues, what if Saylor starts shitcoining, the board changes strategy, he dies, etc\n- Coinbase as their custodian. There are no proof of reserves and even if MSTR holds strong, Coinbase can have company/government/fraud issues.\n- Diluting MSTR stock typically never is a good thing. They say because they are bonds he can’t get liquidated, but who really knows, and who wants their shares diluted.\n- Everything is still $ fiat and government, Coinbase, StrategyB controlled.\n\nWith all of this said, ‘there is no second best’ and holding Bitcoin, ideally cold storage, is the only way to circumnavigate the above.\n\nNow, on the other hand, the above isn’t guaranteed failure, and this experiment may turn into an extraordinary investment and company. I put MSTR into my 401k years ago before the ETFs and it’s done great, and I don’t plan to sell. It’s a leveraged experiment, but I would never choose MSTR over Bitcoin.",
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