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0 sats \ 2 replies \ @Satosora 19 Nov \ parent \ on: How do we know MSTR is not rehypothecating its bitcoin? bitcoin
I just dont get the logic behind his debt.
If btc stays stable or dips, he will be dead in the water.
I could be wrong, I am not too interested in him or his antics.
It's all a wall street boys game...
It's all artificially created. And he's backed by big guys. He's just the frontman, remember?
He have access to free money (endless fiat) to inflate the BTC price, "announcing" that he bought x amount of BTC, so will create the illusion that MSTR is more valuable now and losers are buying his shit.
Also others are excited by this and start buying ETFs (BlackRock).
IT'S ALL MANIPULATION OF THE MARKET.
This is not real adoption of Bitcoin. Just a big fucking FOMO. They are trying to do with BTC as they did with gold: make non-usable, just as a reserve.
And unfortunately that will be the death of Bitcoin.