35 Comments

Yeah, buddy. This one's gonna hurt for you. Maybe sit out the Bitcoin scene for now?

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Article is not aging well so far.

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"high stonk potential"? I've noticed you've been trademarking other catchy terms recently. "high stonk potential"? Really? You don't think that deserved a trademark, too?

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"Habitual line stepper" Ahh Charlie, we hardly knew you..

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I used this title to create a parody sea shanty. Someone pointed me at it but I forgot where it came from, else I would have @‘ed you.

https://twitter.com/sir_vixalot/status/1416936586445475840

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You wouldn’t recognize a Chad if his dick slapped you across the face. Michael Saylor is and always has been a calculated, forward looking individual, and he sees Bitcoin is the best investment of our lifetime. How many hours have you spent studying Bitcoin? My guess is fewer than 10. I’ve spent hundreds of hours listening to some of the greatest thinkers of our time, Saylor included, and the end result is clear. It’s only a matter of time before Saylor’s ‘bet’ pays off, and you are even less relevant than you are today. Tick tock.

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I do understand bitcoin's success and possible further future value creation. So when Michael Saylor came on for an hour interview with a brilliant mathematician / scientist and bitcoin enthusiast Benjamin Cowen I was very excited. However, I could not seat through the interview. Michael Saylor's insane rambling ended up as a gigantic turn off. Michael Saylor sounds possessed and at time crazy. Benjamin was not even able to squeeze in a question. Michael Saylor would not stop rambling and on and on. Benjamin could barely keep a straight face. It was way too much for me and I signed off ending Michael Saylor's words diarrhea. My final assessment of Michael Saylor - There is something seriously wrong with guy.

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saylor is doing what smart leaders must do... they take (calculated) risks to super-size investment (investor) outcomes. doesn't always work, but, when it does... it really does.

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Most Central banks levered at 14X lever per Arthur Hayes "I Still Can’t Draw a Line" article. Saylor boutht Apple at $2 and held for decade, bought Facebook before became Public, wrote about Mobile devices explosion, historical bets proven right by SlamDrunktard favors MSTR being right again this time, Only time will tell. What kinda Capitalist are ya if you're not willing to "lever" wisely, Wall St got a lotta socialists guised as Capitalist always looking for PPT to bail out their blind plunder of American working families savings, Your attack on Capitalists who are proven smart risk takers proves your chickenhood propped up by Doomtard angry gurus such as Noreal Roubini and NoNo Talep who are proven to be "very fragile" not "anti-fragile" with "No-Skin-In-The-game" while they sell books about being Skin-in-the-game. Writing cute books and articles is not equal to wise and bold risk taking in the atrocious free market if there is one allowed, that should be part of real Capitalism.

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If people are valuing the stock based on how the bonds trade then that is silly - the bonds don’t convert till like end 2025

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Meh, never go full doomtard.... especially this early only time will tell if Saylor has been prophetic or propitious

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The stock might be pricing in volatility like a call option of sorts

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Doomies Salty attacking new tech, embrace or get eaten. Financial Analysis concluded too early, Wait till 2025, 2028 and beyond and then see where you stand, if you're proven a blind man or retarded luddite.

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very well written enjoyed it .. in the end BTC will not crash it's the USDT which will bring down this house of cards ....

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Horde should be hoard.

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Hoard is a verb. Horde (a noun) was correctly used in the article.

https://www.dictionary.com/browse/horde

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You are, of course, completely wrong. Both are nouns as well as verbs. You can use 'hoard' for example as in 'hoard of gold' 'pirate's hoard' 'miser's hoard' and also 'to hoard' (to build a store in times of shortage) as in 'to hoard timber' etc.

You can use 'horde' meaning large group for example as in 'horde of bandits' 'horde of pirates' 'horde of Vikings' and also less commonly 'to horde' (forming or gathering in a large moving group) as in 'hording wildebeest' etc.

A large amount of bitcoin is obviously a hoard (a supply or fund stored up and often hidden away), not a horde (a large moving group).

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Great piece and title. I would point out the structural subordination of the cb’s. Moreover, Saylor has a few more cards to play given the different corporate boxes. I suspect he will secure the original BTC (sitting different box than recent purchase). Either way, he is going down w the ship.

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This is a good point. He could borrow against the BTC at 2 to 4x collateralized. That's another $700 million to $1.5 billion

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So just borrow X, buy BTC, post BTC as collateral, borrow 2 to 4X, buy more BTC, repeat? Hmmm...

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Isn't that a Ponzi Scheme?

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Yah, that's the way ya do it, money for nothing and chicks (chickens?) for free!

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Yes. And I think at a stretch he could sell core biz at $1.5bn. That’s 3x revs for what is a melting ice cube. Call it 1.0-1.5. Repay the straight at par and leave 500MM-1.bn cash (my read is this wouldnt trigger CoC puts on cb’s).

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