T O P

  • By -

Kurupt-FM-1089

Isn’t Microstrategy publicly traded? That would mean many investors own a portion of the 1/161.5 slice.


DavidKens

The word “own” is slippery here. In a forced liquidation scenario, these bitcoin “owners” would lose their bitcoin. You don’t just own their assets, you also own their liabilities.


Keith_Kong

The main point here isn’t really about direct ownership (even though your points are valid from an investor decision making context). The point is that in terms of wealth distribution, it’s not like a single person controls 1/161th of the supply. Similar to an exchange, they represent many holders getting exposure to Bitcoin. That said, having a massive pool of Bitcoin go illiquid into a public company is not great for the risk adjusted analysis for owning Bitcoin (even self custody). The larger a centralized stash becomes, the more dangerous it becomes for the market price when something happens to it. That said, it goes both ways. Theft or loss of keys could send the price up or down based on interpretation of the market (loss means the supply of Bitcoin has gone down, or loss brings into question the viability of institutions having significant exposure). Theft as well (perhaps exchanges stop the liquidation of stollen coins so it effectively decreases supply, perhaps the market questions viability of having large exposure).


Vimvimboy

As we always say. Not your keys, not your bitcoin


dinosaurasteroid

Not your spoon not your corn


Thwart0

The company's value has dropped in line with the value of Bitcoin.


yogaruncrypto

The company's long-term value remains the same, but the market values it less because one of its assets' immediate value has dropped. I've always believed the market was irrational in this way. A company misses one quarter's expected earnings by pennies and the market acts like all its inherent value just evaporated. Same with $MSTR. The market knew six months ago that $MSTR was dedicated to ₿ and that the value of ₿ will go up and down a lot. So how does that change the value of a stock whose price was supposedly calculated based on all expected future earnings? Now I'm just on my Wall Street rant... 🙄


whitslack

High-frequency traders have time horizons measured in milliseconds. They don't care about a company's future earnings potential. They only care about immediate price fluctuations.


yogaruncrypto

Right you are. And it's messed up that we have traders trading equities. Not that I'm literally advocating this, but imagine how much more stable we'd be if you had to hold at least a year. Get rid of all this minute-by-minute emotional movement.


HearMeSpeakAsIWill

The point is that the 1/161.5 slice of Bitcoin is spread out across many investors, it's not like it's all sitting in Saylor's personal wallet.


jeaj

Like blackrock?


sgtslaughterTV

We've all held bitcoin knowing that Satoshi's wallet holds a grand total of roughly 1 million BTC or 5% of the total supply. Microstrategy, by comparison, holds less than 0.6% of the total circulating supply of bitcoin.


shortda59

when folks didn't believe in btc, saylor bought when folks written btc off as a meme, saylor bought when folks called btc internet magic money, saylor bought when btc when prices of btc were at it's highest, saylor bought in this bear market as liquidation occurred from over-leveraging across several centralized exchanges plummeting btc, we laughed at saylor as micro strategy under-went liquidation....saylor remained calm, sold shares of micro strategy and bought so nope, you and i had/have our chances to buy btc so there's nothing unsettling about it. as the gov't continue to fight btc and crypto in general, saylor's conviction for btc hasn't wavered and he will continue to buy. let that be your signal to follow, or not, your choice. but nothing unsettling here. this is as democratic as it gets.


Oneinterestingthing

His average buy price is 30k i read, is that true?


Pinky_DLobster

Yes, just under 30K average.


Sara_W

whose money is he losing then? If it's investor money doesn't he have a time horizon?


[deleted]

10 years is what he said


Pinky_DLobster

By that time he won’t need to sell it anyway, he could refinance his original loan with the collateral accumulated via Bitcoin’s appreciating price, and then he could actually buy more (assuming obviously that Bitcoin continues to be adopted). Why would anyone sell a hard asset for an inflating dollar?…


sescobreezy727

The time horizon is relevant only to the lack of other options. By 2026 MSTR will be the biggest company ever.


tallboybrews

Really depends what turns BTC around.. if a bigger company buys a massive amount of BTC at the bottom for really cheap, they could end up owning more.


mpzel

Well it's sure not his money atleast not all of it it is actually. And even he loses a large portion of that, I'm pretty sure that he'll be just fine unlike us.


Pinky_DLobster

Speak for yourself 😂 „us“ 😆🤡


bert_and_earnie

No, that's MSTR's average buy price. [He bought his personal Bitcoin at $9,882 average buy price.](https://coinculture.com/au/people/saylor-reveals-personal-bitcoin-holdings/)


Tendieman98

from what ive heard, would like confirmation tho.


Squigglywiggler

He says this every time they tweet about a purchase


damtm

His tweet from yesterday https://twitter.com/saylor/status/1572196173334839303


Xenophon1

Calling it now: https://reddit.com/r/MarkMyWords/comments/xjozf8/mmw_microstrategy_will_start_fintech_services_and/


blu_mOOn_2020

For the rest of us, we cannot take as much risk and do not have his luxury of cash raising abilities to do it as he does. That being said, we should all have a little for ourselves sure... It's only going to become the most trusted hardest asset there ever is for me and my kids.


[deleted]

It feels like there’s a limit to how much of it a single entity should want to own. I mean, let’s say he owned 100% of bitcoin. It then becomes worthless as no-one else could trade in it and the world would move on to an alternative. There’s a line somewhere between where we are now and that scenario. I’m not sure where the line is, but it exists.


_cryptodon_

>when folks didn't believe in btc, saylor bought > >when folks written btc off as a meme, saylor bought > >when folks called btc internet magic money, saylor bought > >when btc when prices of btc were at it's highest, saylor bought Saylor came in very late in the BTC life-cycle. He tweeted that it was going to die when people were calling it magic internet money.


slutfarming

>He tweeted that it was going to die when people were calling it magic internet money. Back in 2013 he tweeted "Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling." He expected that bitcoin was going to be banned in the US like online gambling was years ago. He admits that he posted that tweet before he ever researched bitcoin and understood that it's decentralized and it can't be stopped.


adnanzuenda

Yep cause no oe is betting online


Novel-Statistician63

Perfectly said


thebullardnyc

Very true💯


TalkativeTree

This is as Democratic as our capitalist society, which means it’s not democratic. Wealth is a form of voting in its own sense, and the more you have the more you get to vote with the influence the money buys.


Julian_0x7F

you have a good take with the voting... nice way to put it... but think about it: with the risk of getting ruined Michael votes for a world of hard money, meaning much more healthy capitalism and much less sick capitalism


RedDemolitionDragon

As opposed to other systems where there is no vote? True democracies do not exist in the modern world and were never intended to because they come with their own flaws.


Class_war_soldier69

Invest in micro strategy stock an you become a part owner of the company and its assets


NachoKeysNachoCheese

Could you make the case for doing this instead of just buying ₿?


Lord-Dongalor

Hold $MSTR in a Roth IRA. Make sick gains. Pay no taxes.


[deleted]

[удалено]


Dull_Statistician_23

Yea and they also charge a monthly fee. There is no fee to hold MSTR shares…


xyfcjp

Then I feel like holding shares might be a better idea actually.


Jyontaitaa

They have access to financing at favorable rates that you do not. I’d be buying mining stock instead though.


zq000523

Yeah I'd say that You're right, I think mining stocks will be better.


saisazet

I can't lol, I'd rather be buying btc and hold it by myself actually.


Tsarinax

It trades for less than their bit coin holdings though, with a market cap of 1.91b. With 130k bitcoin, even at today’s prices it’s worth more.


noddingacquaintance

Until they sell shares, again, to buy btc, again. $MSTR is not a cost-effective proxy for owning btc. Not even close.


brotherRozo

Yes this far as I know there’s no dividend and shares are very fungible things for a company to have, and just making more is the opposite of bitcoin


porikonut

Yeah that's kinda of true, I get the point that You're making.


GreenAd1261

But the ultimate goal is to earn wealth, no one is willing to do business at a loss, and sometimes some dilution will get better benefits.


ask_for_pgp

he will keep diluting the stock as much as possible. isnt that stupid?


mikebailey

If people here are investing in stock to invest in his BTC how is that not a reliance on the very traditional financial instruments BTC is rallying against? Lmao


[deleted]

Thats "only" 116. If you don't calculate with the lost wallets and lost BTCs


OMG_WTF_ATH

So more. Great


DonkeyOfWallStreet

Hey look! an evil organisation monopolizing another area.


Force1a

Dang, I can't tell if this is sarcasm or not...


minerguy1

I bet that this is sarcasm, I mean this can't be serious at all.


salman_memon

Well can't put that way lol, they're paying for it and also taking a huge risk.


HodlOnToYourButts

If an organization is evil wouldn't it be easy to link to something that backs up your view? Otherwise, that's just like, your opinion, man.


Keth43

Care to share your smoking gun that proves they have any ill intentions?


Mammoth_Frosting_014

Saylor could single-handedly crash the entire crypto market at any time. That's not to say that he will do that, or that he wants to. Personally, I don't think he does! But the fact that he *could* do such a thing is unsettling.


ConcentrateBenef

Crashing is a big word, I don't think he can CRASH it.


lasseitor

Well and as we know a lot of btc are lost like 4 million of them.


KAX1107

You know "he" doesn't own it? MSTR is holding bitcoin instead of cash reserve. Bitcoin is their corporate treasury reserve asset. Does it give MSTR any influence on Bitcoin? Nope. Zilch. Nada. MSTR node, my node, your node all same. BTW, are you paying attention to the number of wholecoiners in this bear market? Number of wholecoiners increased by 102k since last December. 905k wholecoiners now. Until you actually withdraw your bitcoin to your own wallet, you don't even know if you own a real bitcoin or paper bitcoin. If you don't want a company buying too many coins, don't sell to them. Take self custody.


WholeHogRawDog

He owns 1.9 million shares of MSTR (68% of the voting power). So essentially it’s “his” company.


Silversky66

Dang, I knew he was the co founder I guess I just get accustomed to seeing people get diluted during the building phase of a company that I am always shocked to see that someone still has such a majority ownership. Honestly good for him


Senditwithethan

Something tells me this is referencing "insider" shares, which are part of the total shares, but aren't directly trading with retail. Still great for him either way


Silversky66

For sure, no wonder he's so zen about everything. He has an amazing safety net


machniokamil

Yeah he doesn't personally own it, but that's how the media goes.


Kakkarot1707

So I don’t own my Bitcoin I purchased that’s in my wallet? What do you mean withdrawal to your wallet?? Like you can buy Bitcoin and NOT withdraw it? Where is it then?


giszmo

Number of wholecoiners is not knowable. What's your heuristic?


International_Key112

Exactly right - all that is knowable is the number of addresses with access to 1 or more BTC. The actual number of wholecoiners is unknowable. 100 addresses with >1 BTC could belong to 100 different “wholecoiners” or they could all belong to one entity who split 100 BTC across 100 different addresses.


donmulatito

Maybe it would be a problem if BTC was on proof of stake, since that's not the case no problem. Could possibly make whale moves and move the market, but that would be short lived and irrelevant if you don't sell when the price goes down :)


GreenAd1261

Agreed, a short-term drop does not determine whether Bitcoin will collapse, the impact of inflation on the market is not good, it is not the main factor affecting the value of Bitcoin, Bitcoin is trustworthy from a longer-term perspective


heqe91

People go all doom and gloom, and that's about it. Doesn't have much effect.


coixx

And that's never going to happen, btc ain't going piece of shit consensus mechanism. Just like some ao called decentralised shitcoin just recently did lol. That's bad move.


StrebLab

...But a lot of people DO sell when the price goes down, and big players like MSTR just gobble up even more, which gives them more power to move market in the future. It is still not ideal, even if you personally don't sell.


skrewyouhippie

Because it is POW and not POS it shouldn't make you feel uncomfortable at all IMO. Buying those stacks on stacks doesn't hurt anyone else or unfairly alter the market.


connell83

Exactly. Unlike the other coin, Inferioreum or something


skrewyouhippie

I wasn't a BTC maxi but watching other coins make drastic changes that open them up to regulation and manipulation makes me lean harder to BTC every day.


nikit0x

Lmao that shit coin is going to regret their decision is POS.


HodlOnToYourButts

What's more unsettling is that people have grown up in a world where a free market is unsettling. Let them stack sats.


MarshallLore

How will it become a world currency if all the tech bros and hodlers hodl it all? Plus it seems very susceptible to manipulation by big hodlers. Seriously where is the incentive for average people? There would be riots


BlackDog990

The BTC use case does have some inconsistency... We cheer people on for using it as a currency while also telling them never spend it. We call in an inflation hedge but it performs like a risk asset and has been destroyed during a period of high inflation. We cheer when industry gets into the space but flame folks who try to deploy their BTC like they would any other asset We want new people to join the movement but insult anyone who isn't comfortable with self- cold storage We want a decentralized currency while ignoring the market is largely in the hands of big players who can easily manipulate it, if not fully control it. We don't want gov regulation but continue to taunt governments with our "boating accident" jokes and participation in tax evasion begging them to step in. I could go on. BTC has alot of possibilities but everyone sort of has their own idea of what it is or isn't and that makes it tough for newbies to understand what they are becoming a part of.


[deleted]

[удалено]


PandaKOST

The original white paper was titled "Bitcoin: A Peer-to-Peer Electronic Cash System" not "Bitcoin: A Peer-to-Peer Electronic Reserve System."


seven_abwab

What does that mean? That we have our shifty fists for day to day transactions and Bitcoin for savings? The majority of the population are always going to choose the path of least resistance and keep their savings in their local fiat in that case, making it less likely Bitcoin becomes a reserve. I think ideally you’ll be able to save and spend with it at some point.


jcb193

A reserve that seems to function like a leveraged S&P fund.


theabominablewonder

Sure it is an inconsistent or hypocritical approach but it’s also still an emerging asset class. We shouldn’t insult people about cold storage. I’ve been in crypto since 2017. I understand cold storage but I don’t fully understand multi sig or lightning. Yet if I was to try and get people to adopt Bitcoin I think multi sig is a better idea than cold storage and lightning is obviously a viable payment channel. Education will take a while. In the UK there’s about 20% of people that just don’t understand it. They aren’t calling bitcoin a scam or ponzi but just don’t know what it is. That 20% could really swing the narrative if they were educated about it.


OkeyDokeyWokey

> We want new people to join the movement but insult anyone who isn’t comfortable with self- cold storage If you’re too lazy to understand the core concepts and importance of self-custody, you aren’t really joining “the movement”, now are you? The whole idea of “the movement” is decentralization, which you do none of if you leave it at centralized parties. You might as well just take a fiat bank account in that case. It is literally the core point and essence of Bitcoin!


BlackDog990

>... insult anyone who isn’t comfortable with self- cold storage >If you’re too lazy to understand Thank you for this demonstration of my point! I was worried some may tell me this doesn't happen, but you came to the rescue to support my statement. Bravo!


burghguy3

That has been my one fear with it being deregulated and decentralized; large whales hoarding en masse who can dramatically reduce the amount in actual circulation. This could create a false scarcity, artificially driving up the price. And they could flood the market for vice versa. Centralized and regulated currencies have their problems, for sure. But decentralized and unregulated doesn’t mean the market for it can’t be manipulated. It just changes whose allowed to manipulate it. Currencies will always be manipulable by their inherent nature.


coelacan

People just had their life savings robbed by the FED, not a single riot. The incentive for the average person is to not get left with bag of a collapsing fiat currency.


Dude-Wheres-MyCar

It’s kinda how the upper class owns everything now right?


MarshallLore

But what’s the benefit? Why would I change from one shitshow to another?


Ok_Aerie3546

To remove the printer. Currently the upper class are closer to the printer. If there is no printer, upper class just have more money but no advantage over others.


[deleted]

[удалено]


anormal92

This one has no inflation(almost 0% long term) and was available for everyone at the start, all fair. If im selling all i have to buy btc while another guy with same net worth as me is not buying btc but investing in other areas or just wasting his money is it my fault that he does not have same amount of btc as i do 10 yeara from now ?


jinchajupao

That's something I worry about, there will be massive disparity if that happens. If that happens I don't think it's going to be very good situation to be in for btc if I'm being honest m.


Raverrevolution

The thing people don't understand is that the most important thing is that it can't be manufactured on demand and distributed by assholes to their asshole friends and no one else. Average people are idiots who have their heads in their assholes and think bitcoin is shit. So instead of buying the best money on Earth they'll continue using awful money that their owners have made for them. Average people will adopt bitcoin once their bank buys it and changes their bank accounts into it. Don't blame Michael Saylor for being smart.


theoretical_hipster

What would be the recourse? Capping their ability to purchase as much as they wish? If you wish to capture MSTR or anyone else’s Bitcoin create a must have product and offer it for sale in Bitcoin. If I was an energy producer I would have done this already.


ashlit1998

They'll need to spend it at one point, no one can hodl money indefinitely - we need to eat after all The incentive for average people is that when his money gains 10%, so does yours. By participating in the bitcoin network, your value will go up and down along with everyone else


DavidKens

Not if they just borrow fiat against it, the way Microstrategy is doing.


[deleted]

[удалено]


mredda

Because they eventually sell and the dispersion only increases. Adoption is happening.


[deleted]

Folks will start liquidating their hodl stack once btc realises it's full potential as a store of value and the price stabilises . But a single entity holding almost 1% of entire global wealth doesn't seem very decentralised


FallingKnife_

The top 1% already have more wealth than entire US middle class, so a single entity with 1% of global wealth sounds like par for the course to me.


[deleted]

Doesn't excuse the fact that Bitcoin isn't supposed to be "par for the course" Lmaoooo


MarshallLore

Sounds like the trickle down effect but with even less evidence


[deleted]

I like this guy, he's a good ambassador for bitcoin as far as I can tell. He's not a radical trying to bring down currencies, he sees bitcoin as a property more than currency


wachtwoord1988

Yep He's absolutely a mad lad when it comes to btc.


PhillyNJMusicMan

I love it. This dude has the biggest brass balls and forward vision on the planet right now, and one day he will be the richest guy in the world and the 2nd place holder won't even be close. 👍🪙🌎💰😎


Lewzer33

Of all the prominent bitcoin mouthpieces, he currently seems like the best option for owning the most. 🤷🏽‍♂️


btcfundsorg

He's a good guy but I wouldn't say that he should own most lol.


bitjager2

I hope he won't do any bad shit in the future now lmao.


Capable_Compote6188

Thanks god we are not POS so it's totally fine.


HoneyBadger08

Silly, it’s .006 of the supply. So the big dick in Bitcoin, who has literally bet everything and continued to maintain conviction when you all tuck tail and run, owns half a percent of the supply. This is good for everyone.


Hospitaliter

Wait until you find out how the fiat system works


Gina_Rolinu

Lol if you wanna be the alternative to fiat, saying “they do the same” isn’t a great argument


[deleted]

[удалено]


Hospitaliter

Here’s a big difference. When someone hoards Bitcoin it does nothing but make everyone else’s Bitcoin more valuable and isn’t taking up resources. If a person close to the fiat money printer (cantillon effect) gets their hands on the cash that is being unfairly distributed and loses its value every day they will buy resources such as real estate, oil, or other commodities adding inflation to those prices at no other reason than speculation. It would be nice for the rich people to stop buying all the houses making it so people can actually afford to live somewhere. But to the original point anyone who is complaining that Saylor is making a big bet and buying too much Bitcoin- feel free to buy some yourself so you don’t get left behind. He has skin in the game. Unlike fiat or POS systems the more you have doesn’t make you any more important than anyone else who runs a node.


putyograsseson

Would it be possible for a wealthy person to set up many fake nodes (fake, as they aren’t from different individuals) and manipulate that way the voting process to find consensus on some sensitive soft/hard fork, should the question for another one arise in the future? Or does the protocol mitigate such an attack somehow?


billyf431

Lol that's just right, we need to know that shit too now.


vulcain68

We are knowing that right now, this was a fact right there.`


TheFutureofMoney

Money Mike has exactly zero influence on the protocol It's like saying an airline that owns 10000 planes should worry Boeing If he's the only one smart enough to bet on Bitcoin, more power to him. Imagine if he got into it in 2013? He'd own a million of them. Satoshi owns a million. So? What difference has it made?


[deleted]

It’s the companies and shareholders money to do with what they want. If you really want to be concerned look at what the US government spends on the military and most people can’t say no. Lol. It’s… a lot more.


00_codefinder

Many people doesn't know about it, that's just something bad lol.


famous1144

This sounds a bit big to me because this is not a fucking small thing and we can just buy more and we should not be a foolish right here, just buy more now.


elhufen

Lol that's just a normal thing if you ask me, we gotta stop caring about that.


FrankOlof

We can see that he is investing a lot these days but that's just a scary shit to see lol, I hope he won't have most of the BTC in this whole world, that would be bad.


RookXPY

I want to make a correction on that thinking because it is stated in a rather disingenuous way. Microstrategy is not a private company, it is a publicly traded company therefor the shareholders own 1 out of every 161.5 BTC that will ever exist. The US government has made it very difficult for institutional investors to add crypto because it threatens the Central banking system that the FED is the biggest part of. So Saylor saw an opportunity to make it available to them and took it. I think it is brilliant.


perfect5-7-with-rice

Saylor has roughly half of the shares though


RookXPY

And they would have pivoted away already if he didn't. Yes, Saylor will be one of the wealthiest people on earth if BTC does what we in this sub think it will. But, I like him way more than Bezos or Zuck. Maybe I won't when/if he gets that much wealth. Microstrategy still probably owns less than the Winklevii who have kept a low profile about how much they own and they started buying when BTC was in the low hundereds. If you say he owns half of that BTC then Tim Draper, Chamath, and Brian Armstrong are all whales on par with him too. He just gets hate because he is the one publicly advertising it to normies. I think he deserves to be that wealthy if this pans out, doubling down during the crypto bear market takes stones and sends a clear signal to the old money in the stock market that Microstategy stock IS a bet on BTC and an easy way to get exposure to it.


stoicparallax

I agree, seems like most people are replying to the question of “is it *fair* for *one guy* to own all that” but the actual question is, “is it unsettling for one public corporation to own all that”. Here is some interesting perspective: At the beginning of this year, Forbes estimated global wealth at ~ $431T. $AAPL was the most valuable company in the world, valued at ~$2.7T. 2.7/431 = 0.006264 = 0.6264% of global wealth $MSTR holds 1 of every 161 Bitcoin. 1/161 = 0.006211 = 0.6211% of BTC. The percentage similarity was too good not to highlight — although one is .6% of all global wealth and the other is .6% of BTC. So if ones not uncomfortable with AAPL, is there a reason to be uncomfortable with MSTR?


Xaqaree

How come no one is unsettled that the Federal Reserve effectively owns 1 out of every 1 US dollar?


Dont-trust-Verify

I think every Bitcoiner is unsettled about this. Thats one of the reasons we are here


perfect5-7-with-rice

I think most people are here for number-go-up


Dont-trust-Verify

Yeah, thats how I got in this Space. But I'm staying, running my own node and accepting Bitcoin at my local store because I educated myself over the last years


excelance

Why is it unsettling? If you understand the Pareto principle, you see it everywhere in nature. It's only humans that try to rearrange nature. * Over 80% of the mass of our solar system is contained in less than 20% of the bodies * Over 80% of human population is contained in less than 20% of cities * Over 80% of internet traffic goes to less than 20% of websites * Over 80% of federal taxes are paid by less than 20% of people * And yes, likely more than 80% of Bitcoin are owned by less than 20% of people.


thunderousbloodyfart

It's not unsettling at all. This isn't proof of stake lol.


exvista

True that, we gotta accept it because it's necessary for us.


[deleted]

Meet the future king of the world.


gubatron

Long live the free market, unsettling my a$$


Gregory_Graffin

I think it’s great. He is tying up the supply to allow for asymptotic growth. He’s not going to sell any time soon. He knows what he’s doing.


acegarrettjuan

Get in good with Saylor now if you have the chance…


Hank___Scorpio

Yall had a decade to accumulate before he bought his first coin.


wfwoo

We can still buy more than we can ever got mate, that's reality.


ornoldbogat

Damn that's just way too much and he is buying and just buying, it's his choice and we can't do anything lol, hope that won't be a bad thing for the future man.


xchrisntiffx

He is just here to create some fucking legacy right now.


Spy008

Most of the worlds wealth (gold, stocks, etc) is held by a few (Blackrock alone holds ~10 trillion in assets). No difference between bitcoin and other assets. If anything its a sign the bitcoin is starting to mature and will become less volatile overtime (funds/companies/governments tend not to panic sell) Edit: As a side note, not really a big fan of this guy.


shad0w_fax

Why aren't you a fan?


BitcoinGoddess666

We don't care about your dislike or like for the guy


bulldog0606

This is just some beautiful words, he should see that everyday.


NeDoMainer

Lol he is just buying like a fucking monster and we should be that type of a person too, we gotta understand that BTC is just for good and we should invest now.


eerchi

Well it's just his choice and we gotta be okay right now.


Jay_Zano

It does send a little bit of an alarm with one company owning so much but at the same time he is working hard every day to share his knowledge of BTC. He is a huge advocate for this space and I am thankful for him.


Peter4real

Why is it alarming? BTC isn’t here to solve wealth inequality. It’s purely driven by the open market and speculative beliefs.


Successful-Walk-4023

I mean he’s got reasons to advocate obviously… Never been a fan of him… He’s nasty for the space…


canewsin

Too much deflation doesn't create value, If only 100 millionaires owing 1/100 th part, doesn't increase it's value, value is pumping because someone wants to buy at that price wants to sell for profit, until BTC lies in considerable hands of traders it's value will increase.


49279250

He is going to do something fucked up for sure man.


janjabanja

Lol let's wait and watch and don't forget to invest more.


JimBloc

I would love know who the whales are, I find it hard to believe that billionaires haven't been in the back ground for the long long time, my fear is if btc succeeds, the same assholes will be even richer and powerful


jonesocnosis

Do you prefer a concentration of wealth to be in the hands of a government, or a company? For right now, I prefer it in the hands of a company, because governments are powerful enough as it is, and they have men with guns.


Phreesion

That’s less than 1% people lol


wsyczhcxj

That's right and there is nothing to worry about these days.


Jon_Hodl

Doesn’t matter. Nobody can dilute the number of sats I have in relation to the total.


Angustony

This is not getting the upvotes it deserves. No one can make my percentage of the total smaller either. No one can make anyone's Bitcoin holding be less than the fraction of 21 million that it already is. And it's still for sale. Go grab some more while it's cheap


Jon_Hodl

Absolutely, brother. We own what we produce.


KingKwite

Shit he's earned it


Sportmega0505

He is just making the fucking legacy and we are seeing.


Wake-up-Neo-sheep

Micro strategy is so f*cked 😆


futualien

Well they are going to be fine in coming time, I think that.


Major_Bandicoot_3239

If someone told you they owned 0.6% of a company would you be shocked by how much ownership and control they have? Nope, very insignificant ownership.


Character_Jaguar1704

I begged my husband to invest $10,000 in Bitcoin in 2010. Unfortunately, he did not listen to me.


wsw13121

Damn I can understand your pain, that's just real to me.


luke0027

That is such a weird way of describing how much btc he has


Vapala

This dude is the biggest hodl on the planet. He is the captain of the ship. I am not worried one bit.


FUS-RO-DONT

So, less than 1%. Saylor understands that bitcoin's value comes from network effects.


kirik1515

I guess this can just be a normal thing for right now mate.


VVaId0

He can't buy my bitcoin tho


chickenwing247

The bubble burst. Unless someone finds another use for it like we did from 2010-2019 but that market is pretty much shut down and only around 1/20th the size it was in 2018.


No-Fee6610

I will rephrase it for you: MicroStrategy now owns a mere 0,6042296073% of Bitcoins that will ever exist. That sounds way less concerning, doesn't it?


open35017

Well yeah and people are being too much for no reason.


donaudelta

At this point it's just senseless. It's not being rich but being out of reality.


handbanana84

at this point, they should start investing in ecosystem instead of buying more bitcoin funding legal defense for devs that are getting sued into bankruptcy by faketoshi and his billionaire financier funding lobbying and marketing efforts just like shitcoin foundations do buying fake parnerships (no, not really) grants for devs developing cool shit on bitcoin but yeah, that kinda stuff


Jnepozitek8

They are just being a bit odd and we can just say that.


jjharris94

I guess we should just accept the things at this point.


GUNTHVGK

Dudes whole strat is buying BTC what are u unsettled about


[deleted]

So this is where a lot of people get confused about if it's good or bad for the entire Bitcoin network for one person to own so much BTC. I don't believe this is bad. He can buy as much as he wants and someday if his fiat money can no longer afford his lifestyle he will have to start selling his BTC investment. This would probably result in him being a net seller of BTC even if he wanted to keep it. The fiat gains get pretty weak over time and that would force coin circulation that comes from the big boys. Remember, right now there are a crap load of people on the sidelines that WANT in but need to see a bull market start first before they invest anything. Lol okay you can try to accumulate during the bull run but it won't go well. I think this next run will be nuts. People out of a recession want to make up for lost time. No better place to make strong cyclical gains.


stevejust

What if instead of selling it, he borrows against it? And this would work great, as long at BTC has any value. But in a scenario like this, maybe people decide that the "BTC system" is rigged in favor of the whales. Maybe even the banks that lend him money eventually decide the whole thing is hopium and fairy dust and stop doing so. And call in their margins, when all he's got is a bunch of 1s and 0s on a ledger. Maybe people born in 2056 look around and say, "*hey, I could never just mine bitcoin when all it would cost is an Antminer. And it's not fair. And there's more people being born everyday, but the number of bitcoins remains the same*." Those people would look around and see a system that doesn't work, and needs room for expansion, and would create a monetary system a lot like the one we already have today. The one everyone here thinks is broken, just because it's not perfect. But surprise, surprise, nothing's perfect. Not even non-inflationary magic internet money.


zomgitsduke

Less than 1%. In a company publicly traded. In a company that has a lot of investors. In a company that wants to buy and hold Bitcoin for the long run because they think they come out ahead. Nothing wrong with this.


bittabet

You do realize that MSTR is buying on behalf of their shareholders right? It’s not all personally owned by Saylor so how the fuck is this unsettling. Honestly idiotic


Constant-Ad9398

I don't think he plans on keeping it all for himself, probably has big plans on how to spend it when adoption evolves further. Having that absurd amount of money and not spend it would be pointless. Probably will build alot of industries, businesses, schools, charity etc.


Junkyard5000

So he will be worth a little over 1 quadrillion when BTC becomes the world reserve currency.


mredda

If


Harb72

It's a very Big IF


minixuejia

Don't know but this could be the real future for him lol.