Travis Kling

“It makes intuitive sense to me that there would be a group of sophisticated, deep-pocketed BTC bulls that are currently trying to figure out how to collapse the MSTR cap structure by any means necessary, so as to force a puke of the BTC currently held. Call it the “Soros-ification” of MSTR. There’s a narrow path to successfully execute this, but there are two massive reasons to go for it: 1- if you’re a big BTC bull, you likely know that Saylor in his current position of influence has significantly impaired the value proposition of BTC. So in order for BTC to head a lot higher (new ATH and beyond), the Saylor risk needs to get cleaned up entirely or greatly diminished. And the most likely way that occurs is to get MSTR holding way less BTC (or none). 2- if you pull off the Soros-ification of MSTR (make money on the short) and then flip long on BTC into the lows, the PL will be measured in billions and likely tens of billions.”