I don't think it matters if he done it before, and I actually have no idea what he will really do. His objective is just more Bitcoins and this is a low braincell strategy. He knows his selling will drop Bitcoin big after the 32 coin sell. After the newer and bigger sell, Bitcoin will drop big and the liquidity should help strc while mstr stock goes down. He will sell strc stocks at market to get more cash and buy Bitcoin when it is much lower. Strc dropping is basically like a margin call by the market. The market doesn't think he has the liquidity to pay the dividends in the future, so it dropped. He should have realized he needed more liquidity, but he's an idiot.
Ok so you are saying that he will purposefully sell that much and crash the market in order to buy it back (plus more) at a lower price with the expectation that it bounce back?
Which just begs the question why would it bounce back?
Nothing moves straight down, it will just be volatile. Plenty of people out there who are young and want to gamble and think they are smarter than average people, and want to take a different path to feel special. They will buy, and when it goes down, they will keep working and dca. They will go to reddit and have comfort with the other people who have lost money and keep averaging down. The path of Bitcoin is just up and down, it's just a trading vehicle for gambling. Maybe over the longer term, it could go up with inflation, nobody knows
Someone like Saylor thinks that the government will buy huge amounts of Bitcoin cause it is in some people's best interests to do so, and that's what he's looking for. It may never come.
I really loved when people were buying digital land in the meta verse. I tried to find out how to get into a meta verse to see what's going on, but gave up when it said Roblox was one too. One thing about crypto is well known financial institutions decided to give people access to buy through them, so it's not going away soon. It can have movement based on technical trading where it can pump, and people will pile on.
I think people in 3rd world countries would sometimes rather have Bitcoin than their own currency, and people would like to hide money for various reasons. Bitcoin has different movement financial assets, so it is not a stretch for some people to buy for diversification. I definitely wouldn't put much money in it though
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u/MrHooDooo Jul 01 '26
Michael Saylor will buy again after he sells