If the monetary system collapses then there are two possibilities
- 10 million dollars will buy you a lollipop
- nearly all the wealth in the world will be destroyed, making it impossible for BTC to have a market cap of 210 trillion.
You can't have the cake, eat it, and also throw it in somebody's face at the same time!
So let's stick to the scenario where Bitcoin is reaching 1 million without any apocalypse!
- 10 million dollars will buy you a lollipop
- nearly all the wealth in the world will be destroyed, making it impossible for BTC to have a market cap of 210 trillion.
You can't have the cake, eat it, and also throw it in somebody's face at the same time!
So let's stick to the scenario where Bitcoin is reaching 1 million without any apocalypse!
I don't know why people have wet dreams about it. They only see one part of the big picture, the part that suits them best. If the monetary system collapses there is going to be pain, a lot of pain, and if you have a lot of Bitcoin or money in general it better not be noticed.
In addition to him not actually owning the "nearly 1% of all BTC in circulation," he'll probably go to jail first:
https://www.coindesk.com/policy/2022/08/31/washington-dc-suing-microstrategys-michael-saylor-for-tax-fraud/
https://blockworks.co/news/bitcoin-michael-saylor-tax-evasion-lawsuit
He's a sociopath fixated on satisfying the whims of his own ego. A lot of beta bitcoiners look up to him as a role model, which is unfortunate because he's not a good person.
https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy
https://www.coindesk.com/policy/2022/08/31/washington-dc-suing-microstrategys-michael-saylor-for-tax-fraud/
https://blockworks.co/news/bitcoin-michael-saylor-tax-evasion-lawsuit
He's a sociopath fixated on satisfying the whims of his own ego. A lot of beta bitcoiners look up to him as a role model, which is unfortunate because he's not a good person.
https://newrepublic.com/article/160773/bitcoin-price-boom-michael-saylor-microstrategy
Quote
After founding MicroStrategy in 1989, Saylor was part of an alleged accounting scheme that vastly overstated the company’s earnings, making a money-losing, publicly traded corporation look profitable. In 2000, Saylor, two other MicroStrategy executives, and the company itself paid a total of $11 million in a settlement with the SEC; Saylor, who personally signed off on the fraudulent earnings reports, paid $8.2 million of that. The charges were settled with no one admitting any wrongdoing. Somehow, Saylor has held onto his role at MicroStrategy over the last 20 years, reportedly becoming one of the richest people in the capital region. The company’s revenue has declined every year since 2014.
Well, the tax issue will have to be looked at I didn't know anything about it. If he goes to jail, I'm not going to cry, but I'd better wait for the sentence, and the settlement without admitting any wrongdoing doesn't tell me anything either, there are people who admit a minor penalty without guilt to avoid a small probability of a serious penalty.
If anything, I had a better idea of him at first. After a while I realized that those messages he throws out to the masses along the lines of "mortgage your house to buy Bitcoin, borrow from everything to buy Bitcoin", are insane.
But seems like the community needs a Bitcoin Jesus desperately, too bad they are selecting the worse of the worse.
This. Wasn't the former Bitcoin Jesus McAfee?
