that makes sense, but then it's also creating scarcity, and that seems intentional. the more investment into BTC, the more necessity for it to remain at an elevated price point, until it makes more sense for Microstrategy to convert back to fiat...

their buying (institutional buying in general) and holding is creating the "store of value", by fiat if you will. the only way to maintain that value is to keep buying or to never sell, but they are not in the market to use a crippled payment method instead of USD, so they sell eventually, and we crash, and people hate crypto and say we are frauds.

holding BTC as a hedge makes it deflationary, but it also limits its value, except as viewed by others interested in it speculatively. it becomes less and less connected to real value, and sort of mimics all the traditional asset systems financial types know and love.

gold you can use for so many other things. BTC sitting in an address is burning resources. i won't speak on shorting loaned assets.

so i understand the strategy involved, but i do not like it, i think it's damaging to crypto, even if it can benefit me in the process.

Posted Using LeoFinance ^Beta