First off, please know that I am a massive Bitcoin proponent.
What Saylor started in 2020 was special and bold, but now, it has morphed into the opposite.
The company is levered to the max with bitcoin holdings now at 1% of the entire supply ($10 billion at current prices) coming primarily from dilution and debt offerings (of which we are now in a high interest rate environment).
Meanwhile, Saylor himself continues to sell all of the stock options/shares that come his way. All it takes is for financial conditions to come back to reality for things to get ugly real quick.
It's worth betting against the crowd at the right turning point from my POV at least.
This will be one for the books either way, perhaps I am wrong.
What Saylor started in 2020 was special and bold, but now, it has morphed into the opposite.
The company is levered to the max with bitcoin holdings now at 1% of the entire supply ($10 billion at current prices) coming primarily from dilution and debt offerings (of which we are now in a high interest rate environment).
Meanwhile, Saylor himself continues to sell all of the stock options/shares that come his way. All it takes is for financial conditions to come back to reality for things to get ugly real quick.
It's worth betting against the crowd at the right turning point from my POV at least.
This will be one for the books either way, perhaps I am wrong.
评论:
Still waiting for momentum to shift to the downside, the higher it goes the better.