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53 sats \ 3 replies \ @grayruby 7 Aug \ on: Does Michael Saylor Think He Has Enough Bitcoin? bitcoin
As long as people continue to give him ridiculously cheap fiat to borrow so he can buy more bitcoin that’s what he will do.
In terms of him thinking about bitcoin as money. I think he is intentionally very cautious in the way he presents bitcoin as a SoV, digital property, collateral and not as competition to the USD. I do wonder if that will change over time as bitcoin becomes more entrenched and politicians need to take a friendlier stance towards it. But for now, the last thing the guy whose very large net worth is tied to an enterprise that owns over 200k bitcoin wants to do is tell the people who make the laws that Bitcoin will derail their gravy train.
I have thought about Saylor in this regard too. I do remember a few years back hearing him on a podcast saying something to the effect of "in the end, if governments get too oppressive, I have my own keys." Regarding Microstrategy's stash, at least, that's probably not entirely true. Multisig, trusts, etc.