MicroStrategy unloads again on Bitcoin. They have the “mathematics of Bitcoin” but not sure the equations are balanced. Yes, I do not see the results in their balanced sheets. A share is now worth $340 from the high of $1,315 within the last 12 months. Yet, Michael Saylor, the CEO of MicroStrategy, just bought more, spending $25 million in cash.
Can anyone really claim that he/she can beat Bitcoin? A product no one can claim where it came from with certainty. I do not blame China for disconnecting from this “ghost” with no clear lineage. Even Russia has gone cold.
The biggest disservice to BTC is making it an investment asset instead of a currency, to buy and sell. That hodling is the reason this coin has not reached my village at scale. When people buy it and digitally pray that it rises up, it hurts the original vision of the coin. That is the poison pill they gave BTC and it is causing more harm.
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People, until MicroStrategy beats BTC, and improves its market cap, I will conclude that any strategy by any person is stochastic, uncorrelated and possibly based on a malaria dream!
BTC is currently worth $37,257.00 per unit.
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But humans are greedy by default? Hoarding is synonymous with humans, we wager and hedge almost everything.
What is playing out in the digital coins space has always been part of human nature, from land transactions to commodity prices, we create artificial scarcity, artificial hardships, artificial wars, the same thing is happening in capital markets, where we load tons of money into companies with little or no deliverables, while the very ones that keep things going are valued less, because unknown future is more valuable than working present.
After 12 months, the coin pretty much remained where it was, but plenty gyrations happened in between…