
Michael Saylor’s “Satoshi’s Gift” Thesis: Bitcoin Volatility and Its Limits
I find Saylor’s argument interesting. I do not find it a substitute for a risk plan. Calling Bitcoin volatility “Satoshi’s Gift” makes a price fall sound like an invitation. The distinction that matters is simpler: a lower price lets someone buy more units, but it does not guarantee those units will recover in value. That…
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