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RE: Is MicroStrategy Becoming a Pyramid Scheme?

in LeoFinance2 days ago

No it’s not a “Pyramid” scheme, but it will end badly regardless. It’s quite pathetic how many bitcoiners who preach holding pen keys or u don’t idk it randomly make exception for MicroStrategy and praise it. MicroStrategy Will likely be the next best cycle event just as Mt Gox was 11 years ago , Bitfinex was 7 or so years ago & FTX was 3 years ago. Doesn’t mean it will be criminal like them but when borrowing and interest costs change it will fail and model will break and caste chaos and big headlines temporarily. It’s ridiculous that the very people preaching self custody seem to mostly praise MicroStrategy.
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