On numerous occasions @Saylor assured risk-averse investors that $STRC took the volatility out of Bitcoin. That they could get an 11.5% yield based on Bitcoin credit without assuming the volatility of Bitcoin itself. Over the past month Bitcoin is down 22% while STRC is down 28%.
๐๐๐๐: Michael Saylor says, โI told you to not sell your Bitcoin, I never said we won't sell.โ
โI can't destroy a $100 billion company just because I said 'don't sell'.โ
As I warned, MSTRโs death spiral has pricked the Bitcoin bubble. $MSTR fell another 8% this morning, down 84% from its high. $STRC fell another 7%, bringing the total decline to 25% and raising the current yield to 15.3%, sending Bitcoin tumbling to $58K, down 54% from its high.
BITCOIN IS IMPOSSIBLE TO SHUT OFF! ๐
Jack Dorsey built an app that moves Bitcoin with zero internet.
Bitchat uses Bluetooth mesh.
You sign offline, it hops phone to phone.
Kill the internet.
The money still moves.
BREAKING: Michael Saylor's $STRC preferred stock collapses to $80 despite MicroStrategy's $MSTR attempts to stop the bleeding.
STRC yield is now 13% and significantly below the $100 peg, sparking fears of potential insolvency.
The ๐บ๐ธ Dollar has broken out right on schedule.
It's now beginning its epic run to 160+ which would suggest a global sovereign debt crisis and economic reset is coming.
BITCOIN JUST BECAME IMPOSSIBLE TO SHUT OFF!
Jack Dorsey built an app that moves it with zero internet.
Bitchat uses Bluetooth mesh.
You sign offline, it hops phone to phone.
Kill the internet. The money still moves.
Legend!
๐จ BREAKING: President Trump says NO MORE SOMALIANS in the USA. He's DONE.
"Their country STINKS! They contribute NOTHING." ๐ฏ
"I don't want 'em, to be honest. OK? Some say, that's not politically correct. I DON'T CARE. I don't want them in our country. Their country's no good for a reason!"
"I'm understanding Somalians ripped Minnesota that place for BILLIONS of dollars! And they contribute NOTHING. The welfare's like 88%!"
"I always watch [Ilhan Omar] complain about our Constitution, how she's treated 'badly,' or it's a bad place, hates Jewish people, hate's everybody. She's a TERRIBLE person."
"I watch what's happening in Minnesota, the land of a thousand lakes? This beautiful place, I see these people RIPPING it off."
Michael Saylor used ChatGPT for a couple hours to come up with MicroStrategy's $MSTR Ponzi scheme ๐
The court case discoveries are going to be WILD!
Breaking: Ilhan Omar's net worth now less than $95,000, per her most recent filing
That's down from $30,000,000, which she originally called a 'filing error'