So tbh I think it can work as microstrategy now operating as Strategy has effectively turned into a leveraged bet on Bitcoin having raised nearly 8 billion dollars of convertible debt to buy and hold hundreds of thousands of bitcoins. If Bitcoins price were to collapse far enough around 15000 to 17000 dollars per coin the value of the companys bitcoin holdings could fall below its debt forcing it to sell into a falling market. That selling would drive prices down further shrink its asset cushion and trigger even more liquidations creating a vicious death spiral. If the public saw the so called bank of Bitcoin begin to sell institutions would likely dump their crypto holdings retail investors would panic and rush for the exits and MicroStrategy would be forced to liquidate even more to cover losses. Because the crypto market has no trading halts the cascade could unfold faster and far far more violently than 2008 turning into a massive deleveraging event. For reference regional bank stocks went under 70% on average while sp500 did 55% down so got hit twice as hard . Bank of America tanked 95%, and Citi with 98% decline ( but that includes a lot of dilution ).
Even so under current conditions the odds of outright bankruptcy remain relatively low since the value of the companys bitcoin still exceeds its debt and it faces no immediate collateral calls.
But if the market turns it will be bad especially sub 30k. That's when the pressure will build for saylor
If anything this reduces the odds of Dems caving. Why would they abandon their leverage in a position of strength? Either Rs come to the table or nuke the filibuster.
LOL. Odds of a tariff reversal are 0. 0%.
Even if Supreme court ruled against 🥠messiah (they won't) they have like 6 other avenues to keep tariffs and slow roll through legal system.
The odds of a rapid dump are way underestimated. Picked up a bunch of 0dte 670P for three bucks a pop. It's a lotto ticket but oh boy what if it did... Power hour is going to be interesting for sure.