Looking back, the Saifedeen-Saylor podcast stands out to me as the pivot point between "There is no Second Best" Saylor and this version of Saylor we have now.
To me this is the most significant pivot I've seen from Saylor yet👇
What happened to $21M per BTC in 21 years?
"To go from $100,000 right now where we are, to a million dollars a coin, we need capital. And that means credit.
And we either need digital credit that companies like Strategy and Strive create, or you need bank credit,which gets created by Morgan Stanley and Citigroup and JP Morgan.
If they don't enter the market, then Bitcoin stagnates amongst the fundamentalist.And if it stagnates, at best, it becomes 0.1% of the world's capital structure."
@RobinSeyr@comic If hundreds of thousands of iPhones exploded randomly, even the one your mom bought from the store yesterday, are you telling me you would still buy a new iPhone?
It's reputation was staked on being a safe alternative to a money market fund/hysa. Saylor wanted grandparents to put their retirement savings into $STRC. That trust has been fundamentally broken due to the price action.
You can't have an iPhone moment when your iPhones start randomly exploding in people's pockets
The damage has already been done. This was supposed to be a safe haven for Grandma to put her retirement into and get a 11.5% yield. Today grandma is down 15% on her retirement savings.
GG. Stay humble, stack sats.
$STRC was never meant to stay pegged at $100.
It is a variable dividend perpetual preferred - not a money market fund.
If $MSTR was transparent about that, there would be less angry tweets.
In any case, this thing will recover.
Just don't expect it to not have any volatility.