morpheus on Nostr: The great fortunes of this world were made making massive and innovative financial ...
The great fortunes of this world were made making massive and innovative financial bets.
Rockefeller consolidated the oil industry in the 1872 "Cleveland Massacre" buying his competitors with stock in Standard oil and deferred payment plans. Within 13 years he had 90% of the entire industry.
Carnegie consolidated his steel empire vertically in the 1880s, aggressively buying coal fields, iron ore mines and railroads until he had 70% of the steel market.
Bezos raised 1.25 Billion in February 1999 in a massive convertible note. Altogether the company has raised 30 Billion, mainly in bonds to fund his complete domination of e-commerce.
Saylor is making a similar massive bet. It may sound crazy and dilutive, but there is no execution risk. If he gets the funding, the price of Bitcoin will go up, and TradFi will jump on board. The meme will create itself.
Rockefeller consolidated the oil industry in the 1872 "Cleveland Massacre" buying his competitors with stock in Standard oil and deferred payment plans. Within 13 years he had 90% of the entire industry.
Carnegie consolidated his steel empire vertically in the 1880s, aggressively buying coal fields, iron ore mines and railroads until he had 70% of the steel market.
Bezos raised 1.25 Billion in February 1999 in a massive convertible note. Altogether the company has raised 30 Billion, mainly in bonds to fund his complete domination of e-commerce.
Saylor is making a similar massive bet. It may sound crazy and dilutive, but there is no execution risk. If he gets the funding, the price of Bitcoin will go up, and TradFi will jump on board. The meme will create itself.