Next bull run I'm sure MSTR will go up and some people will pile back in, but I think there's a reputational luster that has now worn off with his original generation of supporters. Many will just move on. A lot of people are proposing polar extreme outcomes- a mighty return to prominence and high premium, or that he goes to zero, or gets sued into oblivion. Rather than be liquidated or litigated, maybe they just become.... uninteresting. Like maybe people stop giving a shit that they own a bunch of BTC because they're an unprofitable company otherwise with skeevy marketing and too many investors got burned. Maybe they trade at a prolonged discount in a bull market. Maybe the barriers to capital that they targeted keep coming down and things like ETFs eat their lunch next cycle. Who knows. The path doesn't have to be doom or parabola- it could be boring and unsexy. I don't know just thinking out loud.(𝐓𝐗𝐌𝐂)