In both cases it's a scam: they either scam maxis out of their actual Bitcoin, or scam boomers into thinking they're buying a Bitcoin stock, not a highly leveraged risky gambling asset.
Well I do agree that the BTC community has been scammed and that BTC now has just become a financial instrument within the system it intended to change.
The real betrayal was in 2017 and that was well before Saylor getting into the mainstream picture.
Now most tradfi investors it is just another financial instrument they try to use to optimize portfolio beta , especially due to the negative correlation with foreign currency.
So In my opinion we got played in summer of 2017 - and Saylor is just further driving it away from its intended purpose ,
Give it a read and tell me what you think
https://inleo.io/@thedessertlinux/michael-saylor-is-karma-c2j
building revenue stream ^^
I feel that the target audience for Saylor is not the bitcoin maxies, but more the investors tied to traditional assets.
Once MSTR hits S&P 500 - larger pension funds will also get it's exposure which could be amazing but could also turn real bad real quick...
Curious how it will play out.
In both cases it's a scam: they either scam maxis out of their actual Bitcoin, or scam boomers into thinking they're buying a Bitcoin stock, not a highly leveraged risky gambling asset.
Well I do agree that the BTC community has been scammed and that BTC now has just become a financial instrument within the system it intended to change.
The real betrayal was in 2017 and that was well before Saylor getting into the mainstream picture.
Now most tradfi investors it is just another financial instrument they try to use to optimize portfolio beta , especially due to the negative correlation with foreign currency.
So In my opinion we got played in summer of 2017 - and Saylor is just further driving it away from its intended purpose ,
Yeah, as someone who was living unbanked on Bitcoin around then, I can resonate with the betrayal.