PeePee's MSTR puts YOLO
Rationale:
- Buy the rumor, sell the news
- GBTC will bleed out almost all of its 620k ($29 billion) bitcoin if converted to an ETF - massive selling pressure on bitcoin when it starts trading
- MSTR trades at a ~60% premium to NAV, which I think moves to a discount to NAV once there are better publicly traded alternatives
- The dumbest people I know are buying MSTR because they think btc will moon after ETF approval
PEE PEE OUT