As an accumulator fall btc fall

for me it's bad, because it would mean that gold continues to rise and now has to fall for liquidity to flow into Bitcoin.People will going on vacation, so it won't be before September for retail and in August for institutions and if the economy is bad it won't be before next January.

just remember you are the yield

I also think it's good for bitcoin if it doesn't collapse

Definitely see the govt buying them out and owning their "coins"

I don't think it will collapse. I think there are a few things at play here. MSTR probably made a mistake using a substantial portion of their cash reserves to retire convertible debt. The market did not like this. Couple that with SATA going to daily dividends and being 13% yield vs 11.5% yield for STRC and you are seeing rotation from STRC to SATA. Strive is inherently much riskier than Strategy so I don't see this all as pricing in additional risk for Strategy. I think it is a combination of both. Besides that, yesterday was ex-dividend date for STRC so you are going to typically see selling after that date and probably got more than usual as people who wanted to rotate to SATA waited until today. I think SATA had a pretty big day and was trading over 100 at one point.

Nop, Bitcoin's market cap is just too massive for a single corporate preferred stock to dictate long-term direction.

I mean, short term bad because it'll either implode MSTR or force more bitcoin sales. Medium-term good, because financialization is the opposite of Bitcoin's purpose

Bad in the short run, probably good and necessary in the long run.

I think it's GOOD for all charletons and ponzi operators to be ejected from Bitcoin.

That includes FAKE BITCOIN schemes such as SPARK.

Bitcoin's price will continue to DUMP until freedom money is restored.

Has some positive and negative effects but vote for good

I voted don't care. 'Cause I don't.

It's basically a registered/regulated Celcius/BlockFi where the sole borrower is Strategy. If it implodes it strikes another blow to the yield narrative. Aside from yield being offered under normal loan terms, where the yield won't be as good, it doesn't get safer.

If it does implode, sanity returns and "digital energy" stops appearing to defy the laws of physics. If it doesn't implode, bitcoin will continue moving into fewer hands and more quickly. So it imploding is better for bitcoin longterm imo. But I still don't care relative to how much I care about bitcoin being used as money.

I cannot vote in my own poll, sadly, but I vote Good. The "basically risk free" high-yield products will all eventually explode, and the sooner these things happen the better (fewer people get hurt).

burn it down

It’s hard to say it could be good if you want the price of bitcoin to crash. But also could be bad because people get rekt.

But it’s got a long way to go before it will be officially dead

If STRC succeeds, people will point to it as validation. If it fails, people will blame Bitcoin even if the real issue was the business model.

I think it's a Cantillon structure built on Bitcoin: #1509187 Not a Ponzi, unless it's not actually backed by Bitcoin. Effect of a crash would be reputationally damaging to Bitcoin, similar to how they crypto crash and scams of 2022 affected Bitcoin's mainstream reputation by proxi.