Bitcoin and Microstrategy are connected at the hip, together they are a Ponzi Squared. Between MSTR and the Wall Street establishment creating numerous Bitcoin ETF’s, that explained how BTC was driven up to and above 100k.

Now it depends on Microstrategy continuously coming up with repeated financing deals just to keep Bitcoin from collapsing. They have used common stock, convertible debentures, convertible preferred, anything and everything to keep getting money to buy more BTC. This latest one comes tomorrow with an 8% yield.

This, after previously getting away with at least one deal with zero interest. They can’t get away with it any longer. This is likely their last one. The well is about to run dry. Bitcoin is likely to selloff, with tech stocks, in February. It doesn’t have to crash, just one of it’s significant corrections. MSTR is so overvalued and leveraged up, it will drop at least double whatever Bitcoin does.

After that, it will be Enron, WorldCom and Bernie Madoff wrapped up into one. As George Burns used to say at the end of his TV show, “say goodnite Gracie!”