With the recent announcement from MicroStrategy buying even more BTC, it is very usual that people start to discuss a bit about Micheal Saylor and that mostly in a negative manner. Many seem to have the fear, here on this sub, but also outside, that Saylor will one day just dump his billions-worth of Bitcoin. For me personally that has never been an option, Saylor would do everything else than dump the one thing that keeps him alive. Why you may ask, well MicroStrategy‘s only strategy is to buy buy and hodl BTC, literally nothing else and MicroStrategy has been in financial troubles before Bitcoin, with Saylor even being anti.Bitcoin back then, but because of those troubles they chose to of all in and so far it worked well. MicroStrategys success is basically coupled to Bitcoins success right now, you can clearly see it by having a look on the stock price chart of MSTR, it is eerily similar to the Bitcoin price chart. MicroStrategy ($MSTR) stock chart, looking eerily similar to the BTC price chart since 2021 Also, on top of Saylor never selling, the claims that if one entity owns too much BTC it is not good for the network are completely wrong, as Saylor still owns and will forever own 0% of the actual Bitcoin network. Furthermore, many usually forget that Satoshi did not make Bitcoin at all to have some fair currency where everyone owns the same amount, whether rich or poor, while Bitcoin was meant to solve many centralized problems, a fair distribution was never one of them. [link] [comments] |
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