If Bitcoin falls below $23,000, MicroStrategy will be forced to liquidate all of its BTC holdings and file for bankruptcy lol
Posted: Dec 17, 2024
- Price of MicroStrategy ($MSTR) was below than current level just a year ago
- Prediction of collapse of MicroStrategy and Bitcoin
- Concern about companies using money printing against loans on cryptocurrency
- Fear of a market crash leading to losses for investors
- Potential catalyst like a quantum computer attack that could accelerate the crash of crypto
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - Most comments are skeptical about Bitcoin's drop below $23,000 and the consequential effect on MicroStrategy, indicating mixed opinions but leaning negative toward the post's claim. Summarized comments: - Discussion about potential consequences for MicroStrategy if Bitcoin drops below $23,000 - Some users express belief that Bitcoin won't drop to such low levels - Mention of a desire to see 'The Big Short 2' if the scenario unfolds - Questions raised about the likelihood of Bitcoin dropping 80% - Some users suggest shorting Bitcoin if they believe in the prediction Stock tickers discussed: $MSTR
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