Biggest catastrophe for crypto industry is Michael Saylor and his $84 billion Bitcoin buying madness
How Michael Saylor turned Bitcoin into Wall Street’s favorite volatility trade and why retail will be last to exit.
Michael Saylor isn’t building Bitcoin treasury.
He’s building volatility arbitrage for hedge funds and Ponzi-like yield product.
And now, he’s doubling down.
New “42/42 Plan” means Strategy will raise $84 billion to buy Bitcoin using two broken tools:
- Mispriced & risky convertible bonds
- Yield-bearing perpetual shares with no sustainable yield
I explain th…
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