It’s a disappointing take, but he runs a public company and custodies with another public company, both of which are heavily audited. Really not a big deal in my eyes even though imo it’s better if he did post proof of reserves.
Saylor isn’t the CEO of Bitcoin. He’s just a guy with a shit ton of bitcoin. They could impact the short term price if they sold a lot, but these days it’d take a lot of selling to have a significant negative impact. Look at Germany last year who sold 50,000 bitcoin over several days and you could barely see its effect in the price.
Nothing MSTR does impacts bitcoin the protocol itself. Just like bitcoin made it through just fine after FTX collapse, it will weather other bad actors that come along, of which I don’t think Saylor is one even if he is a bit high on his own Strategy.
Significant outflows in BTC today along with leveraged bulls getting absolutely hammered by market makers and Big Shorts. Dropped back to $100k for first time since May. Now it’ll be interesting to see to what extent, if any, these liquidation events and the downturn sentiment impact sealed TCG prices. No doubt plenty of pokecryptobro crossover going on. Buckle up buttercup.
