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0 sats \ 0 replies \ @freetx 14 Dec \ on: Michael Saylor's MicroStrategy enters Nasdaq 100 bitcoin
The best thing about this is the fortuitous feedback loop created:
- each time BTC rises, MSTR market cap rises
- each time MSTR market cap rises, its pro-rata share of NASDAQ 100 increases
- each time is allocated share in NASDAQ 100 increases, the index must decreases the share of other 100 index companies
This creates a game theory scenario where other companies will be strongly incentivized to adopt BTC as a treasury asset.