Whenever Michael Saylor talks it always reminds me of this scene. https://t.co/3LGMYV3Frm pic.twitter.com/lPOAmVFA0T
— Financelot (@FinanceLancelot) December 17, 2024
History often repeats 🙃
Michael Saylor’s MicroStrategy lost $13.53 billion during the dot-com bubble.
The company’s stock price plummeted from $3300 to $4 (-99.99% decline).
Saylor’s paper wealth was wiped out by over $6 billion in a single day.
The SEC later accused…— Crypto Savy 🔥Craig 🔥 Market Analysis NFA (@CryptoSavy1) December 17, 2024
MicroStrategy’s business model is a giant scam and relies on a reflexive loop: it issues debt or equity to buy BTC, which drives BTC’s price higher. This increases MSTR’s market cap, boosts its index weight, and attracts more sheep investors. With a higher valuation, it issues more equity to buy even more BTC.
The cycle only works if BTC keeps rising. If BTC stalls or crashes (which it will), the loop collapses. This is unsustainable and is a giant Ponzi.
This scheme is even bigger than FTX, Bernie Madoff, and Enron. When it collapses, it will make history.
MicroStrategy’s business model is a giant scam and relies on a reflexive loop: it issues debt or equity to buy BTC, which drives BTC’s price higher. This increases MSTR’s market cap, boosts its index weight, and attracts more sheep investors. With a higher valuation, it issues… pic.twitter.com/Owyi7mCHaO
— Jacob King (@JacobKinge) December 17, 2024
either it works or hes homeless before 40…
— Goju_Adorai 🌻🇺🇦🌻 📯 (@GojuAdorai) December 17, 2024
This market is so fascinating isn’t it? https://t.co/A4FyxPE5WO pic.twitter.com/jTchj54oTt
— JustDario 🏊♂️ (@DarioCpx) December 17, 2024
Crypto bloodbath.
Soon.
— The Great Martis (@great_martis) December 17, 2024
I'm no Justin Sun fan, I think he's a grifter
But they fail to articulate why wBTC deserves to be delisted. To me, it's clear their explanation is bullshit, and the real reason they delisted wBTC was to eliminate competition to cbBTC https://t.co/0wQXeALPLP
— Pledditor (@Pledditor) December 17, 2024
Shares of $MSTR were down by 5.5% today even as the price of #Bitcoin rose. This likely indicates that @Saylor was in the market selling more shares of MSTR to buy Bitcoin, thus supporting its price. The $42 billion question is how much longer can this shell game continue.
— Peter Schiff (@PeterSchiff) December 17, 2024
It's wrong for @saylor to compare his leveraged buying of #Bitcoin to investors borrowing money to purchase Manhattan real estate. Real estate generates rents, which can be used to service and repay debt. Bitcoin doesn't generate any income to make interest or principal payments.
— Peter Schiff (@PeterSchiff) December 17, 2024
People asking me about this. Answer is YES, if you include all bitcoin ETFs (spot, futures, levered) they have $130b vs $128b for gold ETFs. That said, if you just look at spot, btc is $120b vs $125b for gold. Either way, unreal we even discussing them being this close at 11mo. https://t.co/hq8QAc14Xa
— Eric Balchunas (@EricBalchunas) December 17, 2024
My barber just spent the whole haircut telling me to buy Bitcoin. Just saying.
— Daniel Priestley (@DanielPriestley) December 17, 2024
Fun fact
If you held bitcoin since Nov 2021 you have amassed a 66% return over the 3 years compared to the slow moving SPX of 30%
To put it simply, Bitcoin has literally underperformed most stocks that make up the S&P500 LOL
Guess what happens next? pic.twitter.com/UqhkKTgddY
— The Great Martis (@great_martis) December 17, 2024