It all changed with IBIT now its a leveraged beta play on the nasdaq that only works when leverage is cheap and liquidity is plenty. BTC always lived on liquidity but now its just soo sensitive
MSTR holder. Its a company with no operating cashflows. It has the worlds biggest holding of a highly volatile asset class. B- is pretty good all things considered. Plus first time you go for a rating they dont whip out the AAA. Well unless youre a tranched mortgage backed security [Grin] [Grin]