Post
Topic
Board Bitcoin Discussion
Re: Why is Microstrategy vilified by some?
by
avikz
on 28/11/2024, 17:46:39 UTC
Not by no-coiners or people who missed buying the dip, but actual HODLers like us.

Even though Michael Saylor is buying as much bitcoin as he can, some people don't seem to like him at all, and it shows for example on Telegram channels and sometimes X/Twitter.

People are scared over the growing dominance of Microstrategy into the cryptocurrency market. But I don't think anyone is bashing Michael Saylor personally. people are worried about too much of corporate cash flowing into the crypto market. Cryptocurrency should stay with the commoners like us. if corporates start buying into this market, it's just a matter of time they will gain the complete control of it. I believe that's what people are worried about.

A lot of corporates are sitting on a pile of cash which they can indeed invest into various assets. Microstrategy has shown the way and there's no guarantee that other corporates will not join the bandwagon. I am sure you wouldn't like corporates controlling the majority stake of the crypto market in future.