Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
I didn't say that I was/will be absolutely right. But Chad Saylor's execution is not actually the best, and the Hubris is showing through that execution.
He may not be liquidated the same way as plebs like us, but if Bitcoin crashes because of a Black Swan event, and the borrowees need to get paid, then who would want to bail Strategy out?
The actual point of my post is about the U.S. Government, and how they'll TRULY WANT to bail Strategy out to get all the Bitcoin at a discount.
He may not be liquidated the same way as plebs like us, but if Bitcoin crashes because of a Black Swan event, and the borrowees need to get paid, then who would want to bail Strategy out?
The actual point of my post is about the U.S. Government, and how they'll TRULY WANT to bail Strategy out to get all the Bitcoin at a discount.
I learned a long time ago not to base my life on possible events that have a minimal probability of happening. If they happen we'll see what I do, but the ones I worry about are the ones that have a certain probability of happening, not the ones that are extremely improbable.