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499 sats \ 4 replies \ @orthwyrm 4 Nov 2023 \ on: Stacker Saloon
So FTX collapsed about a year ago.
SBF is now a certified lolcow and Bitcoin is looking stronger than ever.
At some point in the next few years we'll go through this again with Binance / Tether / MicroStrategy / ETF rugpull / etc.
All noise.
You think MicroStraegy will rugpull?
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Not for now (I hold some of their stock even). But it would be a major shitshow if they were forced to dump their holdings for whatever reason -- Software business goes under and can no longer service the debt, get margin called on a degen BTC-backed loan, etc.
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Good point. Not your 🔑, not your 🧀.
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