I think there is a very real chance that
$MSTR,
$STRC and adjacent products will be this cycles ârisk free yieldâ ponzi sacrifice.
Last cycle we had many. When they were finally purged,
$BTC healed.
I have seen many OG âBTC puristsâ become corporate shills for precisely the things they always warned against.
What happened to ânot your keys not your coinsââŚ? Now they are getting paid handsomely to tell you to let a publicly traded company hold BTC for you and ALSO you can get a risk free double digit yield⌠sorry but I donât think so.
What they are doing is filled with hypocrisy. They stigmatize âshitcoinersâ and dunk on every defi exploit while encouraging the ponzification of
$BTC.
I love BTC. But I am truly worried by this digital credit push. And yes I understand how it works. I donât think itâs feasible with how itâs currently being set up.