Slope of Hope Blog Posts

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Tied to Bitcoin

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While every other asset on the planet is vomiting to lifetime highs every single weekday, Bitcoin has lost its mojo. It is down over $10,000 from its peak, and if you can put on your science fiction hat and imagine a day in which assets are deflating, I think you’ll see cryptos collapse.

In the meanwhile, let’s look at a few corporations which have utterly abandoned their normal business and have completely tied their fate to the $BTC chart. We start with MicroStrategy – – a firm which has been around for decades, although no one has ever met anyone who has ever done business with them – – – and they are neck-deep in BTC purchases, having even borrowed billions to buy more. Let’s just say a failure of that horizontal would mean doom-a-palooza.

slopechart MSTR