If you've been listening to Michael Saylor at all you will realize that $42k is nowhere near the top during this bull market.
What he has been saying makes me wonder what the bear market after this will be even like. Saylor has said that he doesn't even consider stock to flow as relevant as the absolute supply cap that Bitcoin has. He's buying shares of the 21 million that will ever exist.
What Saylor is interested in is the ability to transmit value across time and space without it degrading as in the case of every other asset in existence. In a discussion with Raoul Pal he said he had asked the question of how he could best send 100 million 2020 USD a hundred years into the future without it depreciating. Cash is trash. Government bonds? Laughable. Apple stock? Apple may not even be around 100 years from now. Gold? What if better gold extraction technology or asteroid mining or something made gold's stock to flow worse? How about acquiring another company. Saylor noted that most acquisitions fail unless what is being acquired isn't a much smaller company.
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