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Is The U.S. Entering A Golden Age Of Capitalism? | Dan Tapiero

Forward Guidance

INSIGHT

MicroStrategy's Bitcoin Strategy

  • MicroStrategy's bold move involves borrowing fiat currency and investing it in Bitcoin.
  • This strategy leverages the unlimited supply of fiat money against the finite supply of Bitcoin.
  • It's an elegant way to exploit the scarcity and growing importance of Bitcoin.
  • The valuation of MicroStrategy as a non-operating business is debatable, but the underlying principle of supply-demand mismatch is sound.
  • The potential for it to become an operating business once it accumulates significant Bitcoin holdings is uncertain.
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