đš Bitcoin Alert: Risks of Concentration & Leverage đš
Michael Saylor has spent nearly $50 billion over the last 5 years buying Bitcoin, and currently, heâs sitting underwater. Adjusted for inflation, his losses are around $10 billion.
The bigger concern? Much of this Bitcoin was purchased using borrowed money, which must be repaid. When leverage and concentration grow too high, the system becomes fragileâa risk to the decentralized spirit of Bitcoin.
I flagged this over a month ago and warned about the potential dangers. Centralization like this goes against Bitcoinâs original purpose.
đ Current Market Snapshot:
$BTC / BTCUSDT: 74,052.6 âŹïž 4.89%
$XRP / XRPUSDT: 1.542 âŹïž 4.54%
$SOL / SOLUSDT: 92.37 âŹïž 9.55%
Iâll keep you updated over the next few months. When I start buying Bitcoin again, Iâll announce it publicly.
â ïž Take this warning seriouslyâmany will regret ignoring it.
#BTC #XRP #SOL #CryptoMarket #BitcoinStrategy #CryptoAlert #Decentralization