Re:MicroStrategy's Bitcoin Debt Bet
by ivanche on Sunday December 13, 2020 @04:49PM
(#25410663)
A combination of Mississipi bubble [1] and The Great Depression. Here we have a conversion of debt into suspicious equity and at the same time leveraging to invest (i.e. buying with the money you don't have). Both usually end in bankruptcies, financial ruins, suicides, homicides...
[1] http://www.thebubblebubble.com/mississippi-bubble/