I recently spoke at an event in Thailand, after which I met a British wealth manager who told me he has been looking to learn about bitcoin for a while and hadn't had the time to do it. But he had heard about @strategy as a stock that allows you exposure to bitcoin, so he bought some, and has now made $1.2m from it. He's very happy and much more eager to learn now. I think this was the moment when I understood the power of the @saylor bitcoin strategy. There are hundreds of trillions of dollars in capital markets being allocated by people with extreme familiarity with how stocks work but no idea how bitcoin works. These people are every day moving money around between stocks, and many times it's based on little more than an article in the media, a recommendation from a friend, or even a hunch or superstition. It's a lot faster and easier for them to buy stocks on their usual platforms than it is to learn how bitcoin works, figure out how to buy it, not get into trading, not fall for shitcoin scams, not fall for mining scams, not fall for shady exchanges, and arrange self-custody. In the time it takes them to do this, bitcoin can appreciate significantly. Saylor is just offering them the chance to get into bitcoin through their usual channels. This isn't to say you should be buying @strategy stock instead of bitcoin. I can still only recommend bitcoin with a good conscience as I am nowhere near as familiar with Strategy and the risks involved. But I think even many bitcoiners may be underestimating the enormity of what Saylor is doing here.
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