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22 sats \ 2 replies \ @h6j5dhc567g 3 Nov \ parent \ on: Strategy’s Proud Return to Junk (Financial Times, Craig Coben) econ
I'm not into any of that treasury stuff, but wait, what?! You think Strategy is doomed to fail?!
yeah, I mean I'm being a little hyperbolic here but yes: I don't think Strategy's strategy(!) will pan out.
By which I mean:
- mNAV will collapse to (slightly below) 1,
- there won't be any (meaningful quantities of) institutional money coming, and
- they'll be a listed zombie pot of bitcoin with a charismatic leader talking big words
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Yes, there are many calling for the second coming, so this ⬇️
Will be just a fart in the wind compared to the potential 600K+ maybe even a milly 🙉
Would be absolute mad times
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