3Settimana
The value of Microstrategy is not clear to me. With Bitcoin, there is at least some plausibility.
••
3Settimana
@MrMister >1% of all Bitcoin that has ever existed is in this company... there is simply all the Bitcoin price fantasy in the share :D
••
3Settimana
@stefan_21 The challenge is that Microstrategy doesn't really own these bitcoins, as they are bought via bonds and investors. I see more of a bubble, similar to Metaplanet. The volatility is determined by these companies, so there will not be a free market for Bitcoin as is constantly suggested.
••
3Settimana
@MrMister Well, Microstrategy issues convertible bonds and uses them to buy Bitcoin. They make the interest payments from their operating business. So I wouldn't sign that the Bitcoin doesn't belong to them :)
I don't understand about the free market, which won't exist. What's not free about it?
I don't understand about the free market, which won't exist. What's not free about it?
••
3Settimana
@stefan_21 Well, if the price is only determined by a handful of companies, this no longer corresponds to the gold comparison and is certainly useless as an investment and money substitute.
••
3Settimana
@MrMister But what makes you think that microstrategy influences the Bitcoin price? It's much more the other way around :D
••
3Settimana
@stefan_21 when they sell the bitcoins, the price falls and then they buy them back at a favorable price. Supply/demand vola. We'll see what the future holds.
••
3Settimana
@MrMister There is of course a risk that Microstrategy will sell at some point. Selling all Bitcoin for a short time in order to be able to buy more if necessary does not work for regulatory reasons alone.
In addition, investors would lose confidence and sell the shares...
So I'm not worried about that :)
In addition, investors would lose confidence and sell the shares...
So I'm not worried about that :)
••