MSTR stands between investors who want BTC exposure but can’t due to regulation (but understand that exposure, i.e., payoff, isn’t the same as owning it), and also between investors who have different vol preference;
ETFs are overnight depository banks;
MSTR issues CBs with 3-4x multiple of underlying BTC;
it means they can buy BTC worth of 66-75% of CBs issued for free (unless BTC’s rate of return is less than the CBs interest);
MSTR is operating company (investors get equity and MSTR gets BTC);
MSTR turns crude capital to equity;
new technology means new generation of users;
or users in the war-zones;
“science advances one funeral at a time”;
don’t identify with certain sets of technologies;
be technological, meaning, inventor of finding new way of doing things (in the meta sense);
transaction fees;
“money decomposes into currency (USD) and capital (BTC replaces gold as world reserve capital)”;
stablecoins (still 100B+ market, can reach 10T+) can make USD world reserve currency again;
capital collapses, the government collapses, the civilization collapses;
BTC is egalitarian technology that can solve the economic problems;