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itzzz afreed
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Michael Saylor has spent nearly $50 billion over the last 5 years buying Bitcoin, and now heâs sitting underwater.
Adjusted for inflation, heâs down around $10 billion.
The bigger issue is that a large part of these BTC purchases were made using borrowed money and that debt has to be paid back.
This is where things can get very messy, very fast.
I talked about this more than a month ago and warned about the risks. People like this create centralization, which goes against Bitcoinâs original purpose.
When leverage and concentration build up too much, the system becomes fragile.
Iâll keep you updated over the next few months.
And when I start buying Bitcoin again, Iâll say it here publicly.
A lot of people are going to regret ignoring these warnings.
$BTC
Adjusted for inflation, heâs down around $10 billion.
The bigger issue is that a large part of these BTC purchases were made using borrowed money and that debt has to be paid back.
This is where things can get very messy, very fast.
I talked about this more than a month ago and warned about the risks. People like this create centralization, which goes against Bitcoinâs original purpose.
When leverage and concentration build up too much, the system becomes fragile.
Iâll keep you updated over the next few months.
And when I start buying Bitcoin again, Iâll say it here publicly.
A lot of people are going to regret ignoring these warnings.
$BTC
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