Posted 2/27/2024 12:34 (#10642041 - in reply to #10641865) Subject: RE: Wish I would have bought a $1m in MSTR or Bitcoin start of 2023
Big Ben - 2/27/2024 10:16
turbo diesal - 2/27/2024 03:16
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The way MicroStrategy takes on debt to buy bitcoin is extremely powerful. The debt devalues the stock until the price of bitcoin rises and then the debt is largely negated. It gives people the ability to track the price of bitcoin in a leveraged way
There will likely be a bubble it will probably pull back 50% or more my guess is in 2025 but really I don't know, could happen tomorrow. A lot of people will buy at new all time high prices and get hurt.
However laugh it up while you can because the unfortunate thing is bitcoin has the potential to suck money out of a lot of different investment categories and the people holding those are the ones facing greater financial risk then bitcoin holders. Now is not a good time to bet against bitcoin when the supply created everyday is going to be cut in half in 2 months. My guess is you wont be posting a I was wrong meme when it happens. That's the really annoying thing about discussing bitcoin most people that criticize do so with humor or complete ignorance. There are ways to be critical of it but those are rarely discussed.
Wish I would have bought a $1m in MSTR or Bitcoin start of 2023
