This might turn out to be the most important post I’ll ever write. The ideas that … MicroStrategy is executing a speculative attack on fiat money by borrowing dollars and issuing shares to buy bitcoin. The company is destined for S&P 500 inclusion, and that this is the trojan horse by which every “investor” (really: saver) starts to save in bitcoin, maybe without even knowing it.
Any thoughts Zack on Kerrisdale Capital's report yesterday on MSTR (https://www.kerrisdalecap.com/wp-content/uploads/2024/03/MicroStrategy-MSTR.pdf)?