Odaily Planet Daily's news, Interactive Brokers' chief strategist Steve Sosnick pointed out last week that MicroStrategy's Michael Saylor's strategy is to issue convertible bonds and use the proceeds to buy BTC, which is actually the definition of Marj Trade - borrowing money to buy financial assets. This method is very effective when the price of the asset moves in your favor, and BTC's performance is quite impressive. But if it moves in the opposite direction, this method will collapse in an annoying way. Steve Sosnick emphasized that MicroStrategy benefits from a "self-fulfilling feedback loop". It bought more BTC, helping to push up the price, and then sold more debt and stocks to buy more BTC, further pushing up the price. But such things never last forever and often end in a bad way - the question is when? The short-term answer seems to be not yet. (Business Insider)
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Interactive Brokers: MicroStrategy kendi kendini besleyen geribildirim döngüsünden faydalanıyor
Odaily Planet Daily's news, Interactive Brokers' chief strategist Steve Sosnick pointed out last week that MicroStrategy's Michael Saylor's strategy is to issue convertible bonds and use the proceeds to buy BTC, which is actually the definition of Marj Trade - borrowing money to buy financial assets. This method is very effective when the price of the asset moves in your favor, and BTC's performance is quite impressive. But if it moves in the opposite direction, this method will collapse in an annoying way. Steve Sosnick emphasized that MicroStrategy benefits from a "self-fulfilling feedback loop". It bought more BTC, helping to push up the price, and then sold more debt and stocks to buy more BTC, further pushing up the price. But such things never last forever and often end in a bad way - the question is when? The short-term answer seems to be not yet. (Business Insider)