MSTR Stock Rises Nearly 2% In Pre Market As Michael Saylor Counters Critics Who Label MicroStrategy's Bitcoin Play Ponzi Scheme: 'That's Why Your Buildings Are So Tall In New York City'
MSTR Stock Rises Nearly 2% In Pre Market As Michael Saylor Counters Critics Who Label MicroStrategy's Bitcoin Play Ponzi Scheme: 'That's Why Your Buildings Are So Tall In New York City'
The Bitcoin advocate said that such a practice has been in place for 350 years and that he would call it "an economy."MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor responded on Monday to critics who call the firm's Bitcoin (CRYPTO: BTC) acquisition strategy a Ponzi scheme, equating it to Manhattan's real estate industry.
MicroStrategy公司（納斯達克：MSTR）聯合創始人邁克爾·塞勒在週一回應了那些認爲該公司比特幣（CRYPTO：BTC）收購策略是龐氏騙局的批評者，並將其比作曼哈頓的房地產業。
What happened: During a CNBC interview, Saylor was asked his views on the argument that the company's much-discussed strategy, which capitalizes on high returns from Bitcoin to buy more Bitcoin, is a Ponzi scheme.
發生了什麼：在接受CNBC採訪時，塞勒被問及他對該公司備受討論的策略的看法，該策略利用比特幣的高回報來購買更多比特幣，被指控爲龐氏騙局。
"Just like developers in Manhattan, every time real estate goes up in value, they issue more debt to develop more real estate," Saylor came up with a sharp retort. "That's why your buildings are so tall in New York City."
「就像曼哈頓的開發商一樣，每當房地產業升值時，他們會發行更多債務來開發更多房產，」塞勒做出了尖銳的反擊。「這就是爲什麼你在紐約市的建築那麼高。」
The Bitcoin advocate said that such a practice has been in place for 350 years and that he would call it "an economy."
這位比特幣倡導者表示，這種做法已經存在350年，他稱之爲「一種經濟。」
For context, a Ponzi scheme is an investment fraud that pays early investors with money taken from later investors. The scheme collapses when the flow of new money slows down and the fraud entity cannot pay off earlier investors.
爲了提供背景，龐氏騙局是一種投資欺詐，通過來自後期投資者的錢支付早期投資者。當新資金流入減緩，欺詐實體無法償還早期投資者時，這種騙局會崩潰。
See Also: If You Invested $1,000 In Bitcoin When The First Bitcoin ETF Was Filed, Here's How Much You'd Have Today
另見：如果你在第一隻比特幣可交易ETF申請時投資了1,000美元，今天你將擁有多少資金。
Why It Matters: MicroStrategy has been the frontrunner in Bitcoin's corporate adoption, with its stash ballooning to 439,000 BTCs, worth over $47 billion, according to data from bitcointreasuries.net, more than double from last year.
爲什麼這很重要：MicroStrategy一直是比特幣企業採納的先鋒，根據bitcointreasuries.net的數據，其儲備增加到439,000個比特幣，價值超過470億，比去年翻了一番。
The company uses proceeds from equity and debt financing to add to its Bitcoin portfolio. As Bitcoin rallies, causing a surge in MicroStrategy stock's value, the firm issues more equities and interest-free convertible bonds to buy more Bitcoin.
該公司利用股權和債務融資的收益來增加其比特幣投資組合。隨着比特幣的上漲，MicroStrategy股票價值的激增，該公司發行更多股票和無息可轉債以購買更多比特幣。
Calamos Advisors LLC, a major hedge fund, described MicroStrategy's play as an "extreme example" of volatility monetization.
Calamos Advisors LLC，一家主要的對沖基金，形容MicroStrategy的操作是「極端例子」的波動性貨幣化。
However, critics like David Trainer, CEO of New Constructs LLC, have deemed it a "giant house of cards" that would erode shareholders' wealth when it crashes.
然而，批評者如New Constructs LLC的CEO David Trainer認爲這是一個「巨大的紙牌屋」，在崩潰時會侵蝕股東財富。
Price Action: At the time of writing, Bitcoin was exchanging hands at $107,320.31, up 2.67% in the last 24 hours, according to data from Benzinga Pro.
價格動態：根據Benzinga Pro的數據，截至撰寫時，比特幣的交易價格爲107,320.31美元，在過去24小時內上漲2.67%。
Shares of MicroStrategy closed down 0.042% at $408.50 during Monday's regular session but were up 1.82% in pre-market trading.
MicroStrategy的股票在週一的常規交易中下跌0.042%，收於408.50美元，但在美股盤前上漲了1.82%。
The stock has a consensus price target of $449.5 based on the ratings of 12 analysts, with an average price target of $546.67 between Bernstein, TD Cowen, and Barclays.
根據12位分析師的評級，該股票的共識價格目標爲449.5美元，Bernstein、TD Cowen和巴克萊銀行的平均價格目標爲546.67美元。
- 'Most Crypto-Foward' RIA Slams Bitcoin Forecasts From Michael Saylor, Others: 'Disvalues It To Me'
- '最具加密前瞻性的'註冊投資顧問猛烈抨擊邁克爾·塞勒等人的比特幣預測：'我認爲這貶值了它'
Image via Shutterstock
圖片來源：shutterstock
譯文內容由第三人軟體翻譯。
