I don't like what Michael Saylor and MSTR is doing with Bitcoin.
- If anything goes wrong with MSTR, it will reflect poorly on Bitcoin.
- If BTC or MSTR stock goes down alot, it's going to be nasty for alot of people who probably don't understand Bitcoin, they just wanted price action.
- Bitcoin is supposed to be a bearer asset, not wrapped in a complicated financial product. Even the ETF isn't this dodgy.
- As much as he's right about many things, Saylor is shilling the price action of Bitcoin too hard without championing the actual utility of the network. He's not building anything or helping anyone, other than TradFi shareholders.
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