Michael Keller
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Appearances Over Time
Podcast Appearances
Well, no, he could go below if he wants.
He can go below.
But every time he does this, he... But that's breaking a social contract.
Well, yeah.
I mean, every time he does that, we've talked about the way DATs are structured, right?
Bitcoin is scarce, but strategy stock is not scarce.
So it does have a money printer and the money printer has a name.
His name is Michael Saylor because Michael Saylor owns massive amounts of strategy.
So he's basically governance for strategy.
So he can just continue to dilute MSTR holders and MSTR can get punished.
That's why MSCR is down, what, 83%?
And a Bitcoin is only down like 53%.
Also, MSCR had a ridiculous MNAV premium previously.
It was like 2, 3x, something like that.
It was insane.
That couldn't last forever.
Yeah.
But anyway, now he's right on the cusp of like, what does he do next type of question, right?
It's like...
He's running out of tricks.