4 ms·
The article does a terrible job of considering the downsides. It includes comical phrases such as "Bitcoin has never traded down over a 5 year period". Bitcoin
by Traster 6y ago
The article does a terrible job of considering the downsides. It includes comical phrases such as "Bitcoin has never traded down over a 5 year period". Bitcoin is 12 years old. It also talks about what happens if BTC goes down, and says MSTR could service the debt- which misses the point that if BTC goes down MSTR's value goes down. Sure, they won't go bankrupt, they'll still have a bad invesstment.
Let me spell out a clearer downside:
If Bitcoin goes to 0, you're left holding a boring business analytics company that punted off its entire cash balance on a risky bet.
Or another downside: The SEC launches a second investigation into the CEO. After the last settlement the CEO of this company saw his net worth drop $6Bn which is double the market cap of MSTR.
- solotronics 6y agoEven if the stock prices goes to zero they have a billion dollars worth of bitcoin...