MicroStrategy’s Michael Saylor Risks Breaking Down The ‘Magic Money Creation Machine’ With His Growing Bitcoin Bet, Says Expert
Posted On December 7, 2024
MicroStrategy Inc. (NASDAQ:MSTR) executive chairman Michael Saylor‘s growing Bitcoin (CRYPTO: BTC) bet could unravel and break down the “magic money creation machine,” warned an investment expert.
What Happened: Appearing on a recent episode of the All-In Podcast, Gavin Baker, managing partner and chief investment officer of Atreides Management LP warned that Saylor’s Bitcoin bets could get “too big for the size” of MicroStrategy.
Baker called out Saylor’s strategy of issuing debt and buying Bitcoin. “What he is doing is he is issuing debt and buying Bitcoin with the premise that it is always going to go up.”
However, Baker has a word of caution here. “No trees grow to the sky,” he said, adding that the interest expenses will keep …
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