Mike Murray
Dec 21, 2022

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130,000 Bitcoin. That’s a lot. Except it isn’t. There are a little over 19 million Bitcoin in existence, and apparently only 1.7 million available to be created. So, 130,000 Bitcoin doesn’t put Saylor anywhere near the top of the pyramid. He is solidly in the middle, which is kind of the worst place to be in a pyramid hierarchy. He is not in control of his destiny at all, which is why he postures so publicly.

The current price of Bitcoin is being desperately propped up to prevent a fatal crash. Of course, it will come, because Bitcoin is neither a currency nor a viable long term investment. Those who own the lion’s share understand all too well that for the top of the pyramid to stand, the base must bear all the weight. Once it begins to crumble, the pyramid collapses. Unfortunately, there will be many financial casualties.

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