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People hate it because they hate fiat.
I don't think it registers to them that this is fundamentally a judo move, it is using fiat to destroy fiat.
Regardless, at the end of the day, its fine if people hate it. The beauty of bitcoin (and freedom in general) is people can choose how they want to interact with it. So we each can choose to just interact with pure Bitcoin free from any fiat entanglement.
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It’s crazy how much hate this product get. The trade is quite simple
Take something that is infinite buy something that is finite.
It’s a speculative attack using the public markets to do so.
People forget why the stock market exists. It’s an opportunity for companies to raise money and grow their business and hopefully return the capital to the investors via dividends or appreciation.
Saylor is 100% transparent what he wants to do.
Take your dollars and buy bitcoin with it.So his company captures the upside bitcoin will bring 20-50 years from now and you get your fiat price exposure and a dividend for any cash needs you have today.Could this end? Absolutely! Anything can end or go badly.
But if it doesn’t well you get left behind!
That is all that happens. All the people who buy STRC and get 11% will crush all the dividend stocks paying sub 6% all the banks and their lame CDs that pay 4% treasuries that pay 4% and the list goes on and on.
Plus the real psyop is that people think banks and treasuries are safer that STRC like sure if the system blows up you will be made whole by the Fed and if STRC blows up you can be left holding the bag but Bitcoiners are already taking that gamble anyway by having as low a fiat balance as possible.
Just remember every time Saylor buys corn he pumps our fiat bags and which sadly leaves less Bitcoin for the rest of us.