#BinanceBNSOLPYTH MicroStrategy’s Bitcoin buying spree has sparked comparisons to Do Kwon’s infamous 2022 run with Terra/$LUNA

. Saylor’s vision of acquiring a massive $BTC

stash has some wondering: could this end in another “death spiral”?  🌀☠️

For context, Kwon aimed to buy 1 million #BTC☀ to back his UST stablecoin, but it all collapsed, leaving investors with a 99.9% loss. Saylor’s goal? To make MicroStrategy a “Bitcoin investment bank,” backed by his ever-growing BTC holdings.  👀

📈 So far, Saylor’s strategy has boosted MicroStrategy’s stock 459% YTD. But with $35B in BTC on the books, critics worry about the risks of turning Bitcoin into a perpetual motion machine. 

Is Saylor building the future of Bitcoin finance or setting up for a Kwon-like crash? Time (and the market) will tell. 🤔