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You're right. This 'strategy' question is a mis-understanding people still have with Bitcoin, I probably should have written about it. My TL;DR is: Bitcoin is
by 123six 6y ago
You're right. This 'strategy' question is a mis-understanding people still have with Bitcoin, I probably should have written about it. My TL;DR is:
Bitcoin is not a business, it doesn't require a staff to run, yet it is still viewed through the same lens as a business acquisition or strategic pivot. If executed right, a Bitcoin purchase changes absolutely nothing about the underlying business.
Bitcoin is nothing more than a tool for MicroStrategy to keep the money they've earned over the last 31 years.
- oillio 6y agoI totally agree with you at the surface, and Microstrategy has been officially saying similar. However, the company is starting to look more and more like a Bitcoin ETF. The CEO is out promoting bitcoin much more than his company's services. The stock is trading increasingly in line with the bitcoin price... This may very well be a genius strategic move on their part, but lets call a spade a spade. At this point, in the eyes of investors, the company is increasingly tied to the success or failure of bitcoin.
- darkcha0s 6y agoDare I call it a publicity stunt for a product which isn't great compared to what its competitors offer? Nevermind that, lets focus on them investing in bitcoin