Saylor may have broken Bitcoin’s game. I’m watching a serious debate emerge around whether
$BTC
can still reach $250K or even $1M after Michael Saylor’s aggressive accumulation changed the market structure. Jason Calacanis argues that Saylor’s strategy may have created an artificial floor under Bitcoin.
MSTR probably has 1.5 Million shareholders worldwide, of which an estimated 500K actually have used Bitcoin. Meanwhile Cash App has 24 Million active Bitcoin users. In terms of raw numbers, Block is the one closest to delivering a billion actual Bitcoin users. By a factor of 10. $MSTR has invented terms like "digital credit" though.
But if institutional demand keeps accelerating, this entire bearish thesis could age very badly.
$BTC
can still reach $250K or even $1M after Michael Saylor’s aggressive accumulation changed the market structure. Jason Calacanis argues that Saylor’s strategy may have created an artificial floor under Bitcoin.
MSTR probably has 1.5 Million shareholders worldwide, of which an estimated 500K actually have used Bitcoin. Meanwhile Cash App has 24 Million active Bitcoin users. In terms of raw numbers, Block is the one closest to delivering a billion actual Bitcoin users. By a factor of 10. $MSTR has invented terms like "digital credit" though.
But if institutional demand keeps accelerating, this entire bearish thesis could age very badly.