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February 12 - February 16, 2021
you own one bitcoin, you’re in 0.0027% of the world’s population that can ever hold a full BTC.
To paraphrase Saylor himself, imagine having $500 million in cash in the back garden. Every year, someone comes along and burns some of it. That’s what he’s dealing with.
They are the backbone of Wall Street. MicroStrategy shares are also held by countless pension funds. If the U.S. government tried to ban bitcoin now, the shareholder backlash would be enormous.
Saifedean Ammous later wrote in 2017: “Using Bitcoin for consumer purchases is akin to driving a Concorde jet down the street to pick up groceries: a ridiculously expensive waste of an astonishing tool.”
No cryptocurrency will ever replicate its immaculate conception or the powerful army of bitcoiners that defend it.
