Category: Michael Saylor
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“I’d prefer crypto to have some intrinsic value.”
Martin Shkreli expresses significant skepticism regarding Michael Saylor’s enthusiastic promotion of Bitcoin, labeling it as implausible and highlighting BTC as a possible hedge to short MSTR. While acknowledging Bitcoin’s increasing institutional interest, he notes a disconnect with the average investor and underscores the need for more user-friendly transaction platforms. Shkreli conveys a bearish outlook on…
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MicroStrategy
Andrei Jikh discusses the complex financial strategy that allows Michael Saylor to borrow public money to buy bitcoin. “MicroStrategy: The Infinite Money Glitch That’s Breaking Wall Street” explores MicroStrategy’s remarkable stock performance, which has surged over 500% in 2023 and nearly 2600% over five years, largely due to its strategic pivot under CEO Michael Saylor…
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BTC as Money?
Michael Saylor makes the case that Bitcoin should not be considered a currency due to its lack of legal tender status. He explains that using Bitcoin as a currency would result in added costs and complex accounting transactions due to its taxable status. Saylor also highlights that currencies are regulated by nation-states, and the advantages…