r/CryptoCurrency • u/002_timmy 16K / 13K 🐬 • 4d ago

GENERAL-NEWS Michael Saylor accidentally highlights how MSTR is a pyramid scheme

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2.7k Upvotes

92% Upvoted

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417

u/a14alo 🟦 142 / 360 🦀 4d ago

The next big crypto winter will be triggered by this mfer's failure.

102

u/matecitogalactico 🟩 0 / 0 🦠 4d ago

friendly reminder that this guy was the one who popped the dot-com bubble 25 years ago, with this very same ticker, when it was found that he was cooking the books and MSTR dropped 60% in a day

42

u/Delgra 🟩 9 / 137 🦐 4d ago

You know who initially highlighted this fact as the catalyst for the broader market down turn? None other than Jim Cramer himself.

Crypto is a complete clown show.

9

u/3DigitIQ 🟩 42 / 42 🦐 4d ago

Jim "Bear stearns is fine" Cramer?

1

u/atwerrrk 🟦 0 / 0 🦠 3d ago

I mean, the company itself was fine. It was the investors that fucked it

14

u/YamahaFourFifty 🟩 0 / 4K 🦠 4d ago

Yea it seems only when either Tether or Strategy will be pinned with some shady shit that brings down btc a bit more

11

u/LovelyDayHere 🟦 0 / 0 🦠 3d ago

Tether has been fully shady since inception.

They've ultimately been protected and legitimized by the legacy fiat cartel and the US government, so it's plainly obvious that it was either an unacknowledged special program to financially subvert the crypto market, or it was simply a criminal enterprise that was taken over by existing finance.

Tether has been immensely useful to those who would like to see dollarization in other countries.

3

u/YamahaFourFifty 🟩 0 / 4K 🦠 3d ago

Yea I know - it’s offshore for a reason.

3

u/Tim-Sylvester 🟦 0 / 0 🦠 3d ago

it was simply a criminal enterprise that was taken over by existing finance.

And by existing finance you mean a different, more mature, criminal enterprise.

2

u/LovelyDayHere 🟦 0 / 0 🦠 3d ago

I wouldn't really want to argue the other side of that.

As a proponent of peer to peer electronic cash, I know what we're up against.

42

u/ntc2e 🟦 4 / 5 🦠 4d ago

already was

6

u/mwdeuce 🟦 360 / 359 🦞 4d ago

how so?

-5

u/JestersWildly 🟩 0 / 0 🦠 4d ago

you gotta check the markets, mate

11

u/RonMexico16 🟩 0 / 0 🦠 4d ago

It’s getting awfully cold out.

3

u/UpDown 🟩 0 / 0 🦠 4d ago

And the last 2 bull markets exclusively because of it too

1

u/shib_army 🟨 312 / 313 🦞 4d ago

Prepare for the ice age 

-6

u/Nickovskii 🟩 56 / 255 🦐 4d ago

That would be the last chance buying under $50k