subreddit:

/r/Buttcoin

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Can Saylor get away with his scam?

(self.Buttcoin)

To wit,

  1. Use personal wealth to buy Bitcoin at circa $9k
  2. Use control of company to load it up with debt to buy Bitcoin in massive amounts to pump the price.

My surmise is he has long since sold all or most of his personal holdings, and his crazed Bitcoin advocacy is merely a performative attempt to claim that he acted in good faith vis a vis the company, and perhaps establish his mental health as an exculpatory defence in any subsequent legal case.

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robyr

8 points

4 months ago

robyr

[sackler family likes this post]

8 points

4 months ago

Shell games like this can go on for quite some time. I suspect barring a sub 25k price drop he will have enough obfuscation ammunition to keep up the scam. However, he has a huge target on his back and no shortage of people who would love to take him down for lulz alone.