There are so many foreign media outlets on Fud BTC today, will micro strategies become the biggest thunder of this cycle?! Last night, STRC closed down to 94.65. To be honest, I'm also a bit panicked! Today, I happened to be discussing this matter with a friend, and one point I mentioned was, "Why do micro strategies give the market interest rates of 11.5% or even 13% Is that someone doing charity generously? Of course not. As we all know, the current risk-free rate and 10-year US Treasury yield are only around 4.5%. The additional 700 to 850 basis points is actually a "risk premium" that people are willing to trade their lives for. This yield essentially tells the market that the risk is not small. At present, the interest rate on junk bonds rated as CCC in the market is only about 12%. But if you buy this type of bond, there is a 24.5% chance of losing everything within a year, and a 43% chance of not being able to hold on for three years in terms of risk. In the end, my friends and I unanimously agreed that this high interest rate is theoretically unsustainable in a countercyclical context, and there is no such thing as a pie in the sky! From the actual situation, only two truly knowledgeable institutional funds have invested in STRC so far. And one of them is a preferred stock fund that passively tracks the index, which can be considered as automatic machine buying. So, in the end, we discussed the most fundamental issue, how to fix this situation! Let's deduce some possible actions for Strategy, and it seems that the results are not very favorable for BTC! If the micro strategy sells MSTR to pay dividends, it is a complete Ponzi scheme. If the micro strategy sells Bitcoin to pay dividends, it is a standard death spiral. If Micro Strategy sells STRC to buy Bitcoin, the shares of our ordinary shareholders will be 'diluted' into slag in the future. If Strategy uses the US dollar reserves in his hand to repay debts, it is basically a slow suicide of self destruction. The only solution now is for Trump to shout, for structural laws to be implemented, or for the US BTC Reserve Act to be passed! It's really inexplicable now, it feels like every cycle has a company sacrificed. Take your time to invest, don't fill it all at once. Long term, you still have a positive outlook on BTC at $500000!!