We encourage and laugh with Microstrategy now, but won't there be a time when Microstrategy owns a significant percentage of Bitcoin supply and we'll have grown to hate them like we dislike JP Morgan?

Microstrategy has an insane plan. It's wildly complex and super intricate. After much analysis I have concluded the following:

When BTC goes up, MS buys Bitcoin

When BTC goes down, MS buys Bitcoin

When BTC crabs, MS buys Bitcoin

When Michael Saylor is sued, MS buys Bitcoin

It may be a bit hard to follow but I can dumb in down for you: MS buys Bitcoin.

I even made a joke of it here, and I think we generally view MS as on 'our side' but MS currently owns around 140,000 BTC which is about 0.72% of circulating supply. It's doesn't sound like that much but it's pretty close to close to an entire 1%. In fact, it's almost certain that they will own more than 1% of the total supply at the end of all this. And that percentage is deceiving because we don't know how many BTC is permanently burned, but it's likely quite a lot, so the actual percentage they'll own will be even greater. Chainalysis estimates that up to 20% of the Bitcoin already issued may be permanently lost, which means they own more like 0.9% of what's left.

To put their buys into perspective, in just 2 years since March 2021, they managed to purchase 0.25% of circulating supply. Estimates have put the final Bitcoin to be mined in 2140. Of course, most of us won't be alive, but if MS continues at current rates, they'll have another 2.5% of supply in just 10 years. This is a hard estimate as their are many factors to this but it's fair enough I think. Imagine how much they'll earn in 30 years alone, when we would have all grown old(er).

I don't think we'll look at then the way we do now.