He’s at it again, absolute legend. This latest $500 million convertible senior notes, pumped into Bitcoin will put MSTR above 210,000 coins & > 1% of total supply.
Saylor is going to go down in history.
Saylor is going to go down in history.
I guess so!
Saylor's strategy is no joke. On the one hand I think he crossed the point of ne return quite some time ago. Not in the sense that he couldn't sell and lean back, but in the sense that he has communicated a certain message to the world and now he will stick to it no matter what. It impresses me and no kidding here, if he keeps accumulating BTC like this, and BTC keeps expanding, which I think it will at rapid pace, Saylor and MicroStrategy could not only become filthy rich, but more importantly a geopolitical player because of their supply control over the one and only globally relevant decentralized currency.
If BTC one day becomes the highest valued circulating currency in the world and someone controls a few percent of it, damn that means a lot of things at the same time. It's not comparable to people who have their wealth in equity or spread over several asset classes. BTC is a decentralized reserve currency to any other currency. Or well, I realize BTC is not only a foreign currency because it is foreign to all currencies. It is, put in better terms, a reserve financial system to the entire existing financial system. Yes, a reserve system. Owning a few percent of that, for me this begs the question whether one day someone like Saylor could become a target of globally important actors pursuing their geopolitical agendas. There will probably not be competition for BTC like there is for Tesla in the car manufacturing industry. There is not a single person actor owning a few percent of the USD supply. It is a government, a state, but not a single target.
I would be interested in your opinions about this and whether you think I am getting something wrong here.