Post
Topic
Board Bitcoin Discussion
Re: Why is Microstrategy vilified by some?
by
kotajikikox
on 02/12/2024, 07:12:12 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.
Don't we hate the people we are jealous of?  Wink

But seriously though a lot of us praise Michael Saylor and Microstrategy because they were able to acquire Bitcoin at a cheap price and even before most of people got to Bitcoin. But I am guessing people do not like the concept of any individual or entity holding a lot of Bitcoin and potentially having the chance to control the market. They are thinking that the money Microstrategy is holding is not circulating which could be bad for the overall market. They want the coins circulating and not just being held. This is what I am assuming anyway. If they have a different reason, I would love to hear it.