Vinny Lingham

Same.

Yeah, he's definitely up in 90s.

You still need to live.

Or exact opposite.

He could bring down Bitcoin to some extent.

He could actually cause an unraveling.

I'll challenge you on that.

Really?

Yeah, because what's happening with MicroStrategy is he has to keep issuing these new types of convertibles in order to pay people from the previous convertibles he's issued because he doesn't want to sell the Bitcoin.

So it's kind of like, you know, it looks a bit primitive, you know, right now.

And

But, you know, the issue I've got with it is he has a single class of MicroStrategy shares and he's got all these layers on top of it.

So if you own MSTR, you're the back of the queue.

And so what we're seeing now is as Bitcoin's moving up, you know, MSTRs aren't moving up.

So you've got this like, OK, well, why?

It's supposed to be a higher beta version of Bitcoin, but it's not performing as such.

And so there comes a time where he can't fund the purchase of more Bitcoin selling MicroStrategy common stock because there's just too much preference behind it.

Wow.

So I've tweeted about this publicly.

I've said that, you know, be careful of MicroStrategy.