30 sats \ 6 replies \ @IgnaciobTato OP 28 Dec 2023 \ parent \ on: Adam Back opinion on MSTR strategy on BTC bitcoin
Yes, nobody is critizising how much Bitcoin they have. The opinion is on how they are buying and where are coming the funds from.
It's like watching the Yellowstone show irl. Everyone will hate microstrategy living in the valley of bitcoin.
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We better start critisizing before they own a major percentage of Bitcoin in circulation
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Grayscale trust owns much more bitcoin than MSTR. The difference, one charges a fee, and the other dilutes your equity. Both are made up of tens of thousands of shareholders. You can't redeem bitcoin from either one if you want out.
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The road to nationalisation if the US Treasury panics hard enough.
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If that goes down they are going after the exchanges, etfs too. Why it is so important to have a large portion of the bitcoin supply in self custody. We cannot give back an inch, in fact we need to take more inches, regardless of how high they pump the price.
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Absolutely 🫡 not a single inch
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