REDDIT
Did MicroStrategy's accounting revelations triggered the dot com bubble burst (along with the Barron's article 'Burning Up')? Do you think it jeopardises the entire crypto market?
I have always been sceptical of MSTR purpose. Ok, it can allow proxy trading of BTC, leveraged. However, it did not bother me that much.
Recently though, I see how it can trigger a snowball effect on the entire crypto market: down 80% in 1y given that they own 4% of the market.
Hearing about the class action law suit, the insiders selling the stock, the market reaction when they sold only 32 btc and seeing all the negative articles popping up makes me wonder if I should simply get out of the market for now.
Learning that they might have contributed to the dot com bubble burst put things into perspective too.