Re:MicroStrategy's Bitcoin Debt Bet
by xiphias2 on Sunday December 13, 2020 @11:33AM
(#25407724)
Not really. I have personal savings that helped me a lot this year.
If you want to see what happens when the treasury is empty, just look at how hard it was for Tesla to survive the Model 3 launch: they were heavily shorted, and oil companies attacked Tesla on every front they could to destroy it.
Now that Tesla has enough treasury to survive a stock crash (and a little bit profitable), shorts went away.
Btw MicroStrategy was attacked the same way and its stock crashed by 95% in the past.
Also just look at 2020 how many businesses that didn't have treasury went bankrupt.
If you want to see what happens when the treasury is empty, just look at how hard it was for Tesla to survive the Model 3 launch: they were heavily shorted, and oil companies attacked Tesla on every front they could to destroy it.
Now that Tesla has enough treasury to survive a stock crash (and a little bit profitable), shorts went away.
Btw MicroStrategy was attacked the same way and its stock crashed by 95% in the past.
Also just look at 2020 how many businesses that didn't have treasury went bankrupt.