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#1475698 ah! This must be it, I got confused with Bitcoin increasing at more than 11.5% but actually it's the dollar. 👍
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I’d say it’s either. For now, Bitcoin is more likely to pull the sled but eventually the collapsing dollar will do the work.
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You didn't include the endgame scenario that Saylor only needs to keep this alive until the dollar starts inflating at greater than 11.5%, which I suspect will happen before bitcoin's long-term appreciation rate drops below 11.5%.