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[bbotcs]

lj: Bitcoin is a really big mess. I'm selling MSTR tomorrow.
I'd have to do a deep dive into MSTR's filings to see whether their Bitcoin holdings cover their debt.
They bought Bitcoin many moons ago, but if the drop continues, it stands to reason they could be in trouble, because their regular business was not so hot.
IBIT is the best way to play Bitcoin, imo.
My strategy is to buy IBIT when I think it has bottomed.
Bottom line: The Bitcoin drop could become a crash, and yes, investors are very spooked.
It is an asset backed by air. Another negative is the amount of energy crypto uses.
Conspiracy theory time: Is there a plot to take down crypto miners to make energy available for AI?