The biggest ponzi of the history is getting even bigger! 35K BTC this time. Dumping $2.5B more on decentralized spreadsheet real estate. What an investment!
I mean this is one of his most aggressive purchases.
I am wondering what will really happen when the bad times really come and it will be harder to manipulate the markets as well as finding credit and dumb investors to fund the ponzi.
He surpassed Madoff already.
Madoff at least had his class. The guy was brilliant in terms of planning his ponzi, setting up the scheme. Unlike Saylor, he was also the market maker and he was printing money. He really didn't need to run his investment firm ponzi at all. Saylor on the other hand, runs a very unsuccessful business and he got caught cooking his books during the dot-com era and settled with SEC. Given that the current SEC chair is Paul Atkins, who was one of the main architects of GFC as an SEC inspector turning a blind eye to what was happening back then, we shouldn't be surprised that this type of ponzis are welcomed in the US.
This is totally unsustainable.
It will come crashing down in flames
We just don't know when.