Mike on Nostr: Fair points, but to put it into context. Although we talk about Saylor, MicroStrategy ...
Fair points, but to put it into context. Although we talk about Saylor, MicroStrategy is a public company with a board and shareholders. Michael is the founder and CEO.
While important, the company can survive without him, just as Apple survives and thrives without Steve Jobs.
Also, MicroStrategy only hold just over 1% of Bitcoin total supply, so very significant, but not make or break. Blackrock hold more at 369,000, while ETFs in total hold over 1M BTC.
You are right, however, it is his strategy that is of concern and the exponential effect it could have on the market due to synthetic Bitcoin and rehypothecation.
This along with the flurry of companies copying Microstrategy’s strategy, exponentially increasing the risk.
While important, the company can survive without him, just as Apple survives and thrives without Steve Jobs.
Also, MicroStrategy only hold just over 1% of Bitcoin total supply, so very significant, but not make or break. Blackrock hold more at 369,000, while ETFs in total hold over 1M BTC.
You are right, however, it is his strategy that is of concern and the exponential effect it could have on the market due to synthetic Bitcoin and rehypothecation.
This along with the flurry of companies copying Microstrategy’s strategy, exponentially increasing the risk.