bitcoinsandy on Nostr: Interesting thoughts from both people 👇 ...

Interesting thoughts from both people 👇

quoting note1yg0…0ae7

I'm really not a fan of MSTR getting these kinds of passive flows.

Within bitcoin we rightly view yield with a mixture of suspicion and contempt, often saying things like "you are the yield".

MSTR stock has a perpetual gravity that pushes the stock price back to the value of their bitcoin treasury. The way Saylor generates his "BTC yield" is from indiscriminate buyers who pile in at multiples to MSTR's underlying bitcoin holdings. They are the ones being harvested.

Having retail investors passively and indiscriminately buying this thing every month makes them easy to harvest. Being charitable, MSTR is a strategic trading vehicle and shouldn't be treated as something you just allocate to the same way you DCA bitcoin.

nevent1q…20pc