Did Michael Saylor Just Abandon Bitcoin?

𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
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In this video, I discuss the executive reshuffling at MicroStrategy and whether Michael Saylor and the company are abandoning Bitcoin in the process.

I conclude that media coverage of this move has been completely unfair. Saylor has turned over daily CEO duties to someone else, so that he can focus on Bitcoin education and Bitcoin acquisition by MicroStrategy full-time. This is very bullish both for Bitcoin and for MicroStrategy.

Michael Saylor's investment strategy of moving fiat cash into Bitcoin makes perfect sense in this inflationary environment, and it is unfair to comment on its short-term fluctuations.

Digital asset impairment charges are an accounting requirement that is quite misleading, and has no fundamental long-term effect on the value of the company. Accounting rules should probably find a better way to show the devastating results of fiat devaluation on balance sheet cash.

MicroStrategy will continue to prosper, and I hope that Michael Saylor will continue to be as generous with his time and insights as he has been in the past few years.

I personally prefer to hold BTC itself, rather than MSTR, though many individuals and institutions will choose to hold MSTR due to various investment constraints.

At the end of the video, I also comment on how the SEC has approved many dangerous ETFs, while consistently denying applications for a Bitcoin spot ETF.

Regulators, auditors, accountants, and financial journalists all deserve what is coming to them in the new Bitcoin era.

Not investment advice! Consult a financial advisor.

Misleading negative press on Michael Saylor:
https://decrypt.co/106557/bitcoin-michael-saylor-steps-down-microstrategy-ceo
https://www.wsj.com/articles/michael-saylor-bet-billions-on-bitcoin-and-lost-11659538890
https://twitter.com/spencerjakab/status/1554568874825318401?s=27
https://www.bloomberg.com/opinion/articles/2022-08-03/microstrategy-bitcoin-s-laser-eyed-michael-saylor-is-blind-to-1-billion-loss?srnd=premium

IBM balance sheet:
https://finance.yahoo.com/quote/IBM/balance-sheet?p=IBM

MicroStrategy Executive Transition:
https://cdn.decrypt.co/resize/1536/wp-content/uploads/2022/08/Microstrategy-2022Q2-Executives.png.webp

Michael Saylor ownership of MSTR:
https://fintel.io/so/us/mstr/saylor-michael-j#:~:text=2021%2D02%2D12%20%2D%20Saylor,percent%20ownership%20of%20the%20company.

New MSTR CEO says he won't be selling BTC:
https://twitter.com/BitcoinMagazine/status/1554588147488591878

MSTR most recent 10-Q:
https://www.microstrategy.com/content/dam/website-assets/collateral/financial-documents/financial-document-archive/form-10-q_08-02-2022.pdf

MSTR performance compared to benchmarks:
https://twitter.com/saylor/status/1554657281811398659

MSTR impairment charge:
https://www.coindesk.com/business/2022/08/02/microstrategy-reports-918m-impairment-charge-on-bitcoin-holdings-in-q2/

ProShares Ultra Bloomberg Crude Oil:
https://etfdb.com/etf/UCO/#etf-ticker-profile

Bitcoin futures and paper Bitcoin:
https://www.youtube.com/watch?v=E8hEuW_AGP8&ab_channel=TraderUniversity
https://www.youtube.com/watch?v=DxZfz17W9_o&ab_channel=TraderUniversity

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#microstrategy
#michaelsaylor

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