econ

MicroStrategy Yum-Yum Eats Bitcoin (Bloomberg Money Stuff, Matt Levine)

denlillaapan

Haha, this whole MicroStrategy thing is straight-up *wild*. They’ve basically turned Bitcoin into a stock market gimmick, and the fact that it trades at 2x the value of its holdings is like some finance wizardry at its peak. It’s this bizarre feedback loop where the stock's inflated price lets them buy more Bitcoin, which just inflates the stock more. It’s like watching a financial Ponzi scheme, but with *way* more tech buzzwords and less shame.

And yeah, it *has* to stop eventually, but who knows when? As long as the market’s playing along, they’ll just keep going. Now others trying to copy it, like Twenty One? Not gonna be as easy. You can’t just replicate the "meme stock" magic and expect it to work the same way.
