27 sats \ 2 replies \ @DarthCoin 5 Apr 2023 \ on: MSTR bitcoin
My take on Saylor:
- He's a good bitcoiner, no doubt. Sounds like a bitcoin maxi, but he's not. In some way is understandable, for his position, still can't be that "Bitcoin only" use, he still have to play in the fiat world with his company.
- He use Bitcoin as an investment rail for his company. Is good and bad. But at least is using BTC as company reserves. And that is good.
- I heard that MSTR is working on an implementation of BTC into their software. And that is great.
- I know for a fact more companies like MSTR using BTC as company funds reserves. Why? Because long time ago (2015-2017, even when the BTC price was waaaay lower) I was convincing them to start accumulating BTC as reserves. And some of them they were accumulating maybe even more than Saylor have today, in all these years. But they are keep a low profile, not like Saylor (aka Bitcoin marketing department).
So don't consider MSTR/Saylor as the only companies holding big amount of BTC. There are many others out there, ready, prepared for what is coming.
But in the end, Saylor is doing great work for Bitcoin. Let's be sincere with that.
Agreed. I just don't see many corporations adopting this specific strategy. Maybe some will decide to take a small percentage of reserves and put into bitcoin and maintain that percentage buying more as they generate free cash flow, which is what I originally thought Saylor's strategy was going to be.
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We don't see them "publicly" announcing, but there are doing it, OTC, slowly, in silence.
But only those with smart people as managers.
Why?
Because many know that when the time is coming, they would need those reserves to pay their employees.
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