I have posted this a few months ago, it would have been my most successful posts here on r/wallstreetbets, it went through the roof in minutes, and then got killed off/deleted.
But it seems like it is unfolding just like I predicted. Now for the first time since buying bitcoin on borrowed money with a Ponzi instrument (let's call it STUCK), he started to sell Bitcoin. The irony is that he shifts from the biggest Bitcoin cult leader mentality to: hey I need that money! He wants to make STUCK the greatest fixed income investment there ever was! And the reason isn't Bitcoin anymore, the reason is: it's paying more than others.
Naaah that's not a Ponzi, go somewhere else, nothing to see here.
The by far biggest proven Bitcoin holder and the last crazy Bitcoin guru is selling. It will take a while for word make around in the circles that need to understand this, but it will be devastating for bitcoin and for MSTR.
I will post my short position in the comments, along with a proof that I posted this months ago and it got deleted.
\>>>>>>>>
\MicroStrategy (MSTR/STRK) now officially a Ponzi? To hold Bitcoin Bros hostage?\ 1yr ago, \\\~MSTR@280$, 900k views
\Calculating the Strategy/MSTR Ponzi-Ratio Curve\ 2mo ago, \\\~MSTR@180$, 250k views
Now we're below 130$, likely less when markets open.
\# The Christopher Columbus of Financial Engineering
Michael Saylor is the Christopher Columbus of financial engineering. He thought he invented \The biggest trojan horse ponzi schem of all times\ to smuggle Bitcoin into S&P500 index funds, but instead he invented something much greater, a ponzi to collapse Bitcoin. A vampiric ponzi, a bubble burster. Please, any naming ideas, let's discuss them in the comments.
\# "Sell your Bitcoin before Saylor has to sell his; don't buy before MSTR is dead"
Bitcoin dipped just below Strategy's average purchase price, so Strategy's massive holdings of around 3% of all mineable Bitcoin is now in the red. The mark doesn't change anything immediately, but psychologically it is a huge issue for crypto bros, who have their whole investing philoshophy centered around unrealized gains. If you open up the usual suspect crypto subreddits, MSTR has grown to a huge topic there, and not a happy one. They have started to realize what I wrote about a year ago, that MSTR is a structural risk for Bitcoin. You don't need long to find comments like "MSTR is the worst that could have happened to crypto" and "Once MSTR starts selling, the fear and cascade selling will bring Bitcoin to zero".
\# A Slow but Glaring Path to Zero
There was a chance that Strategy/MSTR could have bancrupted quickly, burning out like a comet. It would have heavily tanked Bitcoin, but afterwards the bungee wheel casino could have went on businees as usual. But now they introduced a set of rules when they would start selling Bitcoin and a "strategic cash reserve" to pay their ponzi dividends and survive a year or two if Bitcoin is plunging. This means that now the MSTR collapse won't be comet-like, it will be more akin to a malfunctioning alien space ship crashing to earth in slow motion. There is now at least 30 months time for every Bitcoin owner and his dog to realize what is happening. There might be up to a 30 months period of a Mexican standoff between MSTR and Bitcoin in which MSTR