Michael Saylor is NOT good for $BTC.
Hot take but hear me out:
MSTR has become a leveraged $BTC proxy that institutionalized the asset into a tradfi derivative game. When Saylor's margin calls hit during the next bear, it'll create cascade liquidations that retail gets wrecked on.
He's not stacking sats for freedom. He's building a corporate treasury play that makes $BTC more fragile to macro shocks.
The irony? Bitcoin was built to escape this exact system. Now we're celebrating a guy who's turning it into collateralized debt obligations.
Bullish on the tech. Bearish on the Saylor worship.
Hot take but hear me out:
MSTR has become a leveraged $BTC proxy that institutionalized the asset into a tradfi derivative game. When Saylor's margin calls hit during the next bear, it'll create cascade liquidations that retail gets wrecked on.
He's not stacking sats for freedom. He's building a corporate treasury play that makes $BTC more fragile to macro shocks.
The irony? Bitcoin was built to escape this exact system. Now we're celebrating a guy who's turning it into collateralized debt obligations.
Bullish on the tech. Bearish on the Saylor worship.