Vijay Boyapati
@real_vijay
Tu ne cede malis, sed contra audentior ito
加入 December 2009
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Saylor largely followed the suggestion I made below and delevered. This reduced the uncertainty of supply overhang and cleared the way for a new bull run.
The Fix? Deleveraging.
The cleanest way out is to sell a chunk of BTC now to secure years of dividend runway. Yes, it hurts the "never sell" narrative and pressures the current BTC price, but deleveraging is the most direct way to restore long-term market confidence.
I don't like this solution but I also don't like the amount of financial engineering involved. Over the long course of financial history, financial engineering rarely works out well.
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