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Ambitious developers are biggest risk to Bitcoin, says Michael Saylor

Michael Saylor has said that the greatest risk to Bitcoin is ambitious opportunists advocating protocol changes.

Strategy market cap down 40% after pivot from bonds to preferreds

Strategy preferreds were supposed to fix the problems with bonds, such as principal repayment, but instead they brought a raft of new issues.

The manager mistakenly claimed that Strategy’s BTC collateralizes shares of its stock, even though it doesn’t.

Michael Saylor has a new definition of digital money, and it is not BTC. Conveniently, it’s also a sales pitch for STRC.

Strategy bought a lot of BTC last week, but shareholders still have less per share now than a couple of months ago.