I've been saying this even before his started the preferred stocks. Now his plan is looking even more unstable. I think a lot of people were blinded by his enthusiasm — finally a big name who is by all appearances is as pro-BTC as we are ! — and started to see MSTR as a safer alternative, a way to protect themselves from the dramatic drops. Then with the preferred stocks, the idea that we can earn a monthly or quarterly income while still supporting BTC is appealing, but unlike all the other ETFs, this one has Saylor's name. In other words, I think he has bamboozled a lot of people. Maybe even himself. But he has set up a house of cards that will be harder and harder to prevent collapsing.
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First off good job reading through all my typos and still understanding my point! 😂
I agree 100%! I do think he is a legit true believer but I may be wrong, either way doesn’t change how this ends. MS will be the next bear market excuse for a deep correction as was Gox & FTX in prior cycles. Many keep saying due to trillions cap we will likely go down less % wise this time but I think it will likely be about what it was last time or only slightly less. If 126K ends up being cycle top I see 40K handle for almost certain in bear cycle but we shall see. Personally after holding Bitcoin for each prior cycle, I’ve seen this so many times I no longer get freaked on huge dips, I see the growth slowing as we get bigger but I still believe Bitcoin will continue higher long term.
!PIZZA !LADY