🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
📝 Share your trading experience on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 End at: July 9, 16:00 UTC
Show off your trading on Gate Squ
Analyst: MicroStrategy's BTC strategy is a giant Ponzi Scheme
Analyst Jacob King referred to MicroStrategy's BTC-centric business model as a 'huge eyewash', deeming it unsustainable and destined to collapse. King said that MicroStrategy's strategy of issuing bonds to buy BTC is a "giant Ponzi eyewash." He explained that the company's model relies on a feedback loop: issuing debt or equity to buy BTC will drive up the price, thereby increasing MicroStrategy's market value. A higher valuation allows the company to raise more funds to further purchase BTC. King warned that the entire cycle depends on the continuous rise in BTC price. King added, "When BTC stagnates or collapses, the entire structure will collapse."