MicroStrategy to borrow $600 million to buy more bitcoin: reuters.com/article/crypto… by @ReutersNoor $BTC $ETH $MSTR
Borrowing to buy Bitcoin...that doesn’t sound risky at all!
That’s where we are in the cycle...
That’s where we are in the cycle...
https://twitter.com/TheBubbleBubble/status/1361761183695446019?s=20
MicroStrategy is practically synonymous with “tech bubble.”
They were one of the poster children for the late-1990s Dot-com bubble (see chart below).
Is history repeating?
They were one of the poster children for the late-1990s Dot-com bubble (see chart below).
Is history repeating?
The problem is that today’s trader bros don’t remember the Dot-com bubble because they were in diapers then (if they were even born).
They think that the Dot-com bubble is ancient history and that those lessons don’t apply today. They’re sorely mistaken.
They think that the Dot-com bubble is ancient history and that those lessons don’t apply today. They’re sorely mistaken.
https://twitter.com/TheBubbleBubble/status/1361762730911260672?s=20
For today’s short-sighted, sophomoric, hubristic, avaricious, and “bubble drunk” trader bros, the Dot-com bubble may as well be a long-past historic era like WW I, WW II, etc.
They’ve little sense or knowledge of history.
As someone who appreciates history, I find it bizarre.
They’ve little sense or knowledge of history.
As someone who appreciates history, I find it bizarre.
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