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#tether

14 posts10 participants0 posts today

it would be hard to think of a more obvious example of #malinvestment than a bunch of companies rushing to turn themselves into vehicles to use borrowed money to buy bitcoin a la #MicroStrategy.

just in the past few weeks we've seen #HowardLutnick's sons launch one of these things with #Tether, MicroStrategy continuing to borrow and buy billions, #Metaplanet and Semler Scientific getting in on the action in a smaller way, this new David Bailey grift, and just yesterday the CEO of #Strive launched a plan to raid profitable companies with free cash and use their cash to buy bitcoin: x.com/thomas_fahrer/status/192

(we've even seen a logistics company announcing plans to borrow money to buy #TRUMP memecoins!)
theinformation.com/articles/da