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@ halalmoney
2025-05-14 11:06:39
Nice share, Flash!
Here are my notes:
Saylor: infinite money glitch
FT: infinite frustration with Bitcoin not dying
Bitcoin - so much more than an investment.
Money spent on Bitcoin > money spent on an FT subscription
"Bitcoin… [has] no obvious use case…." 🤡
Strategy buys Bitcoin on the rip, not the dip!
It's unusual to announce Bitcoin purchases; traditionally, one acquires desired assets discreetly.
Strategy benefits from the delta between its market cap and its net asset value.
Value: accretive vs. dilutive
Sophisticated investors love volatility; it's hard for them NOT to find Strategy's financial engineering attractive.
A virtuous circle can turn into a vicious cycle.
In the context of scarcity, the FT journalist makes a ridiculous comparison of teeth to Bitcoin.
For Strategy's strategy to break, something with Bitcoin needs to break.
This is either a gold mine or a mine field
If things go south on this trade, there won't be any cavalry coming to the rescue.
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