Microstrategy and Bitcoin

jman0war said:

Michael Saylor, CEO of MicroStrategy, recently made an interesting statement regarding Bitcoin. His company holds a significant amount of Bitcoin in its treasury, second only to BlackRock, the world’s most prominent asset manager, which has launched a Bitcoin exchange-traded fund (ETF).

According to Saylor, Bitcoin will grow at an average annual interest rate of 29% over the next 21 years, and by 2045, in his best-case scenario, Bitcoin will be worth $13 million.

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Mystic Michael?
With a vested interest in talking up Bitcoin.
Yeah, very interesting.

ClubMan said:

Mystic Michael?
With a vested interest in talking up Bitcoin.
Yeah, very interesting.

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Did you say that 4 or 5 years ago when he predicted it would go to €100k???

Okay, so I don’t even know if he did publicly predict 100k. But I remember thinking 30k was absolutely bonkers in 2017/18 and when it crashed back to 10k thinking show’s over, that’s that bubble burst. So what if it’s actually something different. Let’s be honest, fiat currencies and govt borrowing are doing the damn best to make it seem attractive!

Ps, I don’t believe it’ll go to 13m unless USD goes Weimar, I’m just playing devil’s advocate!

conor_mc said:

the deal with MSTR that it's a leveraged bet on bitcoin?

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The 'deal' with MSTR put simply is that for it work as a financial instrument it requires two things....an at least stable but preferably increasing BTC price.....but there is no leverage here...the most important dynamic of the MSTR scheme is it requires new downstream investor money for existing investors to continue to do well. You and I might recognise this structure as a pyramid scheme.

This guy below has it pretty much down:

letitroll said:

This guy below has it pretty much down:

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And this guy:

Brendan Burgess said:

Absolute madness. If there is anything more stupid than buying Bitcoin, it's buying MicroStrategy

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