Michael Saylor's Bitcoin Holdings: Told You So
How many times was this uttered: fixed money always pools.
In this video I discuss how Bitcoin is already showing issues as reports are coming out how much BTC Saylor's company owns. This doesnt even take into account what Satoshi has. It is also why the future that many envision with Bitcoin is not going to happen as they see it.
▶️ 3Speak
0
0
0.000
Well, that's quite a bleak outlook, but I do understand your point and see how it could happen. Hodlers in the smaller Bitcoin range have also been increasing over time. Time will tell whether there ends up being significant transference of wealth to the largest of whales. Thanks for sharing your thoughts, as always!
Yeah, Task you see MS has turned itself into a hybrid BTC ETF, hasn't it? Now, who are the top shareholders (Not Michael Sayler).
Capital International Investors - 1,539,148 shares (16.06%)
Vanguard - 926,342 shares (9.66%)
BlackRock - 722,269 shares (7.54%)
Morgan Stanley - 253,645 shares (2.65%)
State Street - 207,480 shares (2.16%)
Geode Capital Management LLC - 177,310 shares (1.85%)
Capital World Investors - 123,100 shares (1.28%)
FMR LLC - 97,199 shares (1.01%)
Toroso Investments LLC - 94,634 shares (0.99%)
Antara Capital Lp - 88.800 shares (0.93%)
Those 10 institutional shareholders control 4,229,927 shares 10.93M total shares, 38.7% of the total shares of MicroStrategy stock. 332 total institutions hold $MSTR shares, which control 67.87% of the total shares in existance, which are approximately 29% more than the top TEN institutional holders.
MicroStrategy stock is as worthless now as it was in the 1990s when Saylor was committing accounting fraud.
He is a big part of the problem, and people idolize him. Idolizing a known fraud who hoards a scarce asset? That's stupid, and he's not intelligent for having zero risk management.
This is the same person who was telling everyone to take out a second mortgage on their homes to buy Bitcoin. Mortgage their entire asset base to buy Bitcoin. Never put all your eggs in one basket, no matter what the asset is. Diversification will always be a smart choice, in any asset class or classes.
Posted Using LeoFinance Beta
Thanks for adding the context, very interesting to read. Saylor is a Student of the History of Money and talks very eloquently about it. All those coins of the ancient times and precursors of the modern banking system, that's why people like to listen to him. His endless podcast appearances are filled with rich and interesting stories, but usually, he's using Bitcoin only to draw the comparisons fitting the best to his narrative and we all know how easily that can be misleading.
3.846B is the MC of MSTR today, their BTC holdings alone could surpass that if... let me pull the numbers... ~140,000BTC in their holdings, at 27.471$ their BTC holdings are equal to their MC. Currently, BTC is sitting at 500 Bucks more than that. The whole company is literally a BTC derivative, how is that even legal in the US? :D
it isn't. which is why the banks are buying up the stock, so that they can corner the market on BTC. It's as @Taskmaster4450 so eloquently put it: All scarce assets (or capped supply assets) are pooled, throughout history. There are no exceptions to that in our recorded history.
The next century is the Water Wars. Yemen, Iraq, Syria, Egypt, Ethiopia, China, Taiwan, North and South Korea - the real causes of their military entanglements is over control over the water resources and transportation/transit zones.
Everything else is secondary imo.
Saylor is, and always has been, well-spoken. Most frauds tend to be - it is a psychological disarming tactic - do you remember Martin Shkreli's congressional testimony? Regardless of personal opinions of him as a person, let alone a businessman, he was extremely charismatic, almost toying with the committee.
Posted Using LeoFinance Beta
I just watched a couple of Martin Shkreli Cips again, my God the MEMEs are real around that character.
oh yes, he was sooo meme-worthy it was incredible, and the ironic part was, his punishment didn't fit the crime. He was released early and loved being in prison lol. he traded crypto the entire time, like a boss
Wow you gotta admire the hubris, just wild. Don't go down that rabbit hole.
Hubris will be his downfall. I avoid Bitcoin for a lot of reasons, he's just one of them
The speculation is going to make the price really volatile and whenever one of those larger players decide to unload, the price can drop a lot. I also don't trust it as much as a currency because it isn't used that much to buy or sell things either.
Posted Using LeoFinance Beta
Good update 👍
Como siempre muy buen contenido TaskMaster!!