
Sina 🗝️⚡ 21st Capital|Apr 19, 2025 13:43
This is where i disagree with many MSTR influencers.
First: the perfect money is perfect for spending.
Second: MSTR is leveraged Bitcoin with a limited window of time where it enjoys the arbitrage due to fiat capital bottlenecks.
But it has jurisdictional, and management risk and does not come with the sovereignty, spending/transferability, and the hedging value in geopolitical chaos.
Essentially Saylor’s thesis of Bitcoin being “just” property not currency is being repeated here. And I cannot disagree enough.
If Bitcoin is only good for storing value in fiat vehicles like MSTR it is indistinguishable from gold and has no premium over it except novelty for kids.
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