Yesterday I saw a video on Tiktok from this Pablo guy (thinks he is Bitcoin Jesus). He is saying that Michael Saylor bought almost all of his Bitcoin in leverage, that he is only the CEO of Microstrategy and that if the others want, they can panic sell all Bitcoins without MS agreeing to it and that he lost trillions in the dot com bubble. I was always suspicious about Michael Saylor, but then again, I never trust rich people.
I have no clue about all this and wonder what you all think about this? Will MS be the new MtGox who will cause the next Bitcoin crash at some point?
A man on the internet (ie a random fuckwit) said "any old shit" so it must be true.
As Jay said just sell all your coins now you don't need an excuse
But it wont make you any less stressed out as your fiat will have devalued 30% over next 4 years while you will never afford to buy those bitcoin back.
DYOR on MSTR the NASDAQ listed company.
Men this place has become so toxic. It was just a question of what others think. But the bashing was predictable. Jay is on my ignore list for a long time already so I ignore his toxic bs... Only a handful members are worth reading their posts nowadays...
Michael Saylor announced his intention to hold BTC on Microstrategy's balance sheet well before doing so. He then offered to buy back the shares of any existing shareholders who were not happy with this new policy. He displayed exemplary transparency. No mention of leverage.
This information is readily found in the public domain, so even the slightest bit of digging would show that this guy called Pablo on TikTok is full of shit.
Overall I agree with your points strawbs in respect to both the ongoing above-and-beyond transparency of both Saylor and Microstrategies.. and also the disingenuine Saylor/MSTR bashing that is going on... However, I think that it would be fair to give some kind of acknowledgement towards some of Saylor/MSTR's aggressive approach and even to acknowledge that his approach has become more aggressive with the passage of time - even given that he (and his company) has only been in bitcoin for around a year and a half.
Any of us can read more into details in
fillippone's MSTR thread.
I personally consider the whole MSTR bitcoin strategy to be interesting and part of the reason that it is so interesting is partly due to it's level of aggressiveness, creativity and even MSTR's coupling of a BTC educational campaign... that was saying.. this is how we did this, and you can do it too.. here's a blueprint... genius really.
Saylor has even described that he became increasingly obsessed with BTC, and so he kind of categorizes his earliest entrance into BTC as more conservative, since they ONLY invested with about 75% of their cash on hand, and then in subsequent months they continued to invest with additional cash flow that came in... likely a similar ratio to use around 75% of the new cashflow to buy bitcoin and the other 25%-ish to keep for operating expenses...
Thereafter, Saylor/MSTR started to employ various kinds of debt instruments - and surely some kinds of creativity with that including some leveraging of company equity to in order to create some additional lines of credit that would be used for buying bitcoin.
So, there is a bit of a technically they are using leverage because they issued various kinds of debt and equity instruments and there is some needs to pay back the debt instruments in the coming 5-7 years and the equity instruments end up diluting share value.. but surely that money generated through equity instruments has gone towards buying BTC.. so perhaps could be considered another kind of leveraging of the good will of the company.
For sure, there are a lot of people who seem scared about how MSTR/Saylor has been playing this whole matter, and surely there might be some attempts to manipulate the markets in order that MSTR/Saylor fails in profiting from his BTC accumulation strategies - which surely seems like it would be quite difficult (maybe not impossible but probably a long shot) to cause BTC prices to be down for so long that Saylor/MSTR becomes a loser, and the fact that Saylor/MSTR had a bit of a head start on this matter, it would likely cost any manipulators way more value than they may well be willing to lose in order to really have any meaningful chances to cause Saylor/MSTR to become losers in the way that they have played these bitcoin-related cards.
Badly needed hopium:
Katie Wood Sees one Bitcoin worth 1.36 Millions in 2030, and here explains why.
Of course there is a considerable amount of analysis contained in those pictures that is much greater than my own analysis.. in which
on December 16, I had asserted that there is around a 2.5% chance that we could get above $800k in the next year.. and even if I tweak my numbers down a bit, I am much more bullish than Ark invest... but they have better data.. for sure.
By the way, I found that above specific graph on slide 55 in this attachment that you linked, upon linked upon linked... hahahahaha... no problema.
https://fillippone.altervista.org/ARK_BigIdeas2022.pdfLet's get into the nitty gritty.. $1.36 by 2030 is pretty damned conservative, no? Now, if our top is already in for this cycle, then maybe $1.36 million by 2030 is not seeming very conservative at all.. so maybe we have to see what the top for this cycle is going to be? Do we get at least in the $200k to $300k.. range? Then yeah.. $1.36 would be modest for the next 4 years thereafter.. so that would put us at late 2027 early 2028... Part of the problem is trying to figure out where each leg is going to go.. but it still seems that $1.36 million by 2030 is fairly conservative - which I think those kinds of think tanks should be erroring on the side of conservative anyhow, no?
Poll
