23min chapter

Rough Consensus with Checkmate cover image

MicroStrategy Bewilderment with Jeff Walton (RC#8)

Rough Consensus with Checkmate

CHAPTER

Market Dynamics of Bitcoin and MicroStrategy

This chapter explores the increasing interest in alternative risk assets like Bitcoin among asset allocators, with a focus on MicroStrategy's investment strategies. It examines the interplay between Bitcoin's value, market perception, and investor behavior, alongside MicroStrategy's financial maneuvers such as convertible debt. The discussion also addresses the potential long-term implications of Bitcoin ownership and the future of financial transactions in a non-trust-based system.

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