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I am sure Saylor understands Bitcoin, I am not sure about the people and investors giving him money. They could directly buy Bitcoin themselves, couldn’t they? Instead they trust someone? I don’t trust Saylor whatsoever.
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They are likely pretty much all instutional investors with mandates they need to operate within - such as only buying dollar denominated bonds. So it’s very unlikely to be a straight choice for them between these bonds and buying Bitcoin.
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Sure, I see what you are saying.
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Risky if you have high time preference or don't understand bitcoin.