What happens if Tom Lee launches a preferred equity and co-opts the term "Digital Credit"? Due to the nature of Proof of Stake, they can probably offer higher yields. The suitcoiners need to emphasize the soundness of BITCOIN SPECIFICALLY is what allows for this scheme to work

Bitcoin is an asset that doesn't like when leverage is applied to it. I remember when @CorySwan tried to popularize the term LBE (Leveraged Bitcoin Equity), presumably because what made $SQNS stand out against the rest was that it had more debt than the others. I thought LBE was terrible branding because all it did was advertise the weakness and froth in this market. The company had no revenue, was leveraged to the tits on an asset that also has no revenue, so guess what the short sellers did? They shorted the stock into oblivion so they couldn't raise more capital, and then stop hunted their liquidation price on the underlying BTCUSD, and they essentially got liquidated. The truth is nobody wants to allocate to bitcoin when you hear about all these zombie companies with no revenues levering up their balance sheets. It just sounds like a frothy overhang that needs to be cleansed, and it scares people away. And I honestly believe the only reason the suitcoiners have been able to buy so BTC, was because they co-opted the narrative and degraded the culture so much, that the OGs and true believers got demoralized and sold. If the suits didn't come in, I bet most of those OG coins never would've hit the market and we wouldn't have all this sell pressure. Not to mention, these treasury cos are extremely capital inefficient vehicles to buy bitcoin. If you want BTC price appreciation, you want Wall Street capital flows to come into the ETFs, because at least with those $1 invested actually represents $1 dollar of spot volume.

And not just @Saylor, but Saylor-ism as an ideology is likely out the door too. All of his mini-mes, @PunterJeff @IIICapital @ColeMacro @AdamBLiv totally jumped the shark this week by positioning their stocks as being the true digital medium of exchange, not BTC

BTW, there was sooooo much FOMO "it's early" "there's no signs of froth" "the mania is yet to come" etc. style promotion for BTCTCs coming from that account back when his stock was trading at like 20x mNAV. His aggressive promotion was extremely irresponsible, especially because it was all during that period when the PIPE investors hadn't got their shares and the stock was super illiquid. People called me a "hatooor" at the time, but all I did was get a calculator out and did the math. 🤷‍♂️ x.com/DzambhalaHODL/status/1…