When this collapses, winners are already determined: Saylor, early institutional investors (Pantera, ARK, Renaissance etc..), and Delta traders who profit ~30%/Y from volatility. Retail investors? Not so much.

3/3 - Read the full story 👇

basedtoschi.substack.com/p/inside-mic...

The MSTR pyramid scheme needs at least $1.95B in fresh capital yearly just to pay early investors with new investors and avoid collapse. For this to work, Bitcoin must reach $9.3 TRILLION market cap by 2030, 9% of GLOBAL WEALTH. If regulators don’t stop it earlier!

2/3 👇