When Strategy Sold Their Bitcoin
It’s quite well known the mantra that Saylor says he will never sell his Bitcoin and he is a Bitcoin Maximalist. I believe him and his intentions, but such a large amount of Bitcoin held custodial in my opinion will at some point be sold back to the market.
There is speculation that the next bubble and scams are Bitcoin Treasuries being run by the usual people each cycle, this time in suits. Many taking on huge leverage like Strategy and buying up Bitcoin to dilute shareholders seeking Bitcoin “yield” (something that doesn’t exist).
Some even expect the next big rug could be any number of these companies, but not Saylor as he is a Bitcoin Maximalist, even if he believes you should trust him and not verify his stack.
I am inclined to believe this too, but the temptation from others to grab this low hanging fruit will prove too great and it will end up being sold back to the market at some point.
It could be through government seizure, although not very likely. It could also be just a change of helm at Strategy and Bitcoin starts getting sold. Either openly or secretly, because when the stack becomes so big, just like Core, the temptation to skim off the top will become too great.
This isn’t to say Bitcoin Treasuries are a bad thing. Companies holding sound money in a fiat economy makes perfect sense. Just holding “publicly traded shares” makes no sense for the majority of the public, as these are just schemes to Syphon wealth from those who believe - 97% of publicly traded shares make no returns or lose value. They are a Boomer fiat generated scam to divert your attention from money debasement.