A thought I can't shake
@Strategy holds 717,000 bitcoin now bought at an average of $76,000 per coin
Bitcoin is at $67,000
That's $6.4 billion underwater on a single corporate balance sheet
And Saylor is still buying
Either this is the greatest conviction trade in financial history or it's the greatest example of sunk cost fallacy we've ever seen
And won't know which one it is for probably another two or three years
Other Billionaires: "Let’s build statues for our wives, throw endless yacht parties, and drink Mai Tai in the Bahamas and Maldives everyday!"
Elon Musk: "I go to sleep, wake up, work. I do that 7 days a week. No choice."
TRUMP: “At the suggestion of Elon Musk — I will create a Government efficiency Commission tasked with conducting a complete financial and performance audit of the entire federal government and making recommendations for drastic reforms. Elon.. has agreed to head that task force”