3min chapter

Crypto Critics' Corner cover image

Saylor's Strategy: a MicroTragedy

Crypto Critics' Corner

CHAPTER

Microstrategy Is a Big Regulated Failure

Micro strategy has effectively become a more compelling aption for investors who want spot exposure to bit coin, despite the fact that it's a dumb way to get that investment. The s c c has been trying to use the bit coin t f as leverage so that they can get surveillance agreements with all the exchanges and gain de facto regulatory control over the crypto industry. They have allowed microstrategy to take this strange position and suck up this part of the market well but still allow sailor, with this history of dubious accounting practices, to continue to operate in that way. And while not necessarily good for consumers, it is providing something to consumers that there is otherwise no way for them to necessarily have access

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