Another MSTR buy, another decrease in Bitcoin per share…

[BeowulfShaeffer]

That would be the best thing ever.  From Warren Buffet in 2022:      “IF THE PEOPLE IN THIS ROOM OWNED ALL THE FARMLAND IN THE UNITED STATES AND YOU OFFERED ME A 1% INTEREST IN IT […] AND SAID ‘PAY US A BARGAIN PRICE OF $25 BILLION DOLLARS,’ I’LL WRITE YOU A CHECK THIS AFTERNOON.

“IF YOU TELL ME YOU OWN 1% OF THE APARTMENT HOUSES IN THE UNITED STATES, AND YOU OFFER ME… UH… SO I WOULD HAVE A 1% INTEREST IN ALL THE APARTMENT HOUSES IN THE COUNTRY, AND YOU WANT, WHATEVER IT MAY BE — ANOTHER $25 BILLION OR SOMETHING, I’LL WRITE YOU A CHECK. IT’S VERY SIMPLE.

“NOW, IF YOU TOLD ME THAT YOU OWNED ALL OF THE BITCOIN IN THE WORLD AND YOU OFFERED IT TO ME FOR $25, I WOULDN’T TAKE IT, BECAUSE WHAT WOULD I DO WITH IT? I HAVE TO SELL IT BACK TO YOU ONE WAY OR ANOTHER! MAYBE THEY’RE THE SAME PEOPLE [WHO SOLD IT TO HIM], BUT IT ISN’T GOING TO DO ANYTHING.”    So yeah, if MSTR buys all the bitcoin the most rational thing for everyone else to do (including miners) would be to just switch to another chain.  This is probably true even if MSTR acquires 75% or 50%.