My take on “Big Bitcoin”: Bitcoin has changed since I started investing 10 years ago. I didn’t fall in love with Bitcoin just because I saw an opportunity to get wealthy. I supported Bitcoin because I believed it had the potential to revolutionize our financial system and make the world a little bit better. I also believe Bitcoin has the potential to become the best benchmark for measuring value. Of course, there are many other incredible aspects of Bitcoin, but those were the main reasons why I invested not only my money, but the last 10 years of my life. The problem I see is that none of these things matter, and they never will if the majority of the world doesn’t see them. And there’s a very high chance they never will. Some Bitcoin maxis say that Bitcoin’s success is inevitable because the technology is so good. I disagree. Humans don’t ultimately choose what’s best for them. If they did, there wouldn’t be a McDonald’s on every corner. People know that eating healthy and drinking water is better for them, yet they still order a Big Mac meal with a litre of Coke. People smoke, drink alcohol, and take drugs. They know it’s bad for them, but they do it anyway. So why should we assume they’ll take the time to understand, learn about, and use the best form of money? Most people are lazy when it comes to these things, and they simply don’t care. So no, Bitcoin’s success is not guaranteed just because its fundamentals are superior. Now back to today. “Big Bitcoin” takes us even further away from those fundamentals. It’s no longer about revolutionizing our financial system. It’s about corporations figuring out how to leverage and influence Bitcoin in ways that maximize their own fiat position. In my opinion, Saylor and MSTR are the Trojan horse that entered Bitcoin. Instead of growing a spine and calling it out, most of you would rather cheer it on. The healthiest outcome, in my view, would be for MSTR to go to zero and for Bitcoin to restart without that level of corporate influence. It would send a clear message that Bitcoin belongs to Bitcoiners, not corporations. But I don’t think that’s going to happen. My own plan is to reduce my Bitcoin exposure a little more every cycle. I’ll happily take the fiat gains, don’t get me wrong. But Bitcoin will never feel the same to me as it once did. Thanks for the gains, Michael @saylor. But I believe you helped destroy something that could have made the world a better place.