What a fun read! I find your writing and explanations very easy to understand as a novice in the BTC/stocks/bonds arena. This is like watching a movie of intrigue! I hope you follow up in the future of where this leads MS and BTC. The feedback loop with MS purchasing of BTC could reach unbelievable highs if the timing works out for them. I wonder what the current oligarchs think of Saylor's rise into their financial world? Hopefully he is more of a humanitarian than lets say... Soros.
Thank you so much for your thoughtful comment. Saylor’s strategy definitely adds a unique layer to the BTC story. I'll have to write up a follow up at some point!
This is a really good / well written read. I'm researching the topic as part of next blog post. I think one thing you could've added is that even when the new bonds are due, Saylor can just raise more debt. Recent Coco's have had zero interest but they can raise more money to pay the position down at maturity. Then just keep rolling. Certainly though one day he will have to sell BTC.
What a fun read! I find your writing and explanations very easy to understand as a novice in the BTC/stocks/bonds arena. This is like watching a movie of intrigue! I hope you follow up in the future of where this leads MS and BTC. The feedback loop with MS purchasing of BTC could reach unbelievable highs if the timing works out for them. I wonder what the current oligarchs think of Saylor's rise into their financial world? Hopefully he is more of a humanitarian than lets say... Soros.
Thank you so much for your thoughtful comment. Saylor’s strategy definitely adds a unique layer to the BTC story. I'll have to write up a follow up at some point!
I agree it’s a ponzie scheme
This is a really good / well written read. I'm researching the topic as part of next blog post. I think one thing you could've added is that even when the new bonds are due, Saylor can just raise more debt. Recent Coco's have had zero interest but they can raise more money to pay the position down at maturity. Then just keep rolling. Certainly though one day he will have to sell BTC.