ক্রিপ্টো গুরু এবং বিটকয়েনের রহস্য

আলকেমি কখনই বাস্তব ছিল

আমিভাবতাম BTC-ই নতুন золот। তারপর STRATEGY-এর B/S: \(1.09B market cap, \)630M BTC, $460M gap—এটা leverage-এরা not, illusion dressed as innovation।

Bond That Didn’t Pay

STRF, STRK, STRD: three classes of perpetual preferred shares—desperation-এর different flavor। STRF pays 10% cumulative dividends—payment miss hole; STRD pays nothing if skipped—সেটাই point। Institutions want asymmetric upside—not yield।

Why Not Just Buy BTC?

কারণ—আপনি can’t। Fidelity your coins custody not—they custody yours। Coinbase trade your BTC? No—they trade your access through middleman with fee stack。

The Music Still Plays—For Now

But who dances when music stops? Strategy’s equity not value—it’s timing embedded in convertible debt। BTC $100K over 4 years? Convert and profit। Crash? Get principal back—if you’re on right side of B/S。

The Sage Doesn’t Dance—He Watches

আমি BTC hold कরি नা। আমি hold the option to hold it—terms retail investor dekhte na, eyes closed long time。 The market doesn’t lie—you just stopped listening。