Vinny Lingham, co-founder of Praxos Capital, called Strategy’s unraveling 18 months ago. He argues it is not a Ponzi but a ‘Saylor scheme,’ explains how a stack of failed preferreds and big banker commissions kept it funded, and shows why the reflexive loop between MSTR and Bitcoin only works on the way up.

Host:

    • Laura Shin – Founder, CEO and Host of Unchained

Guest:

This clip is from a longer conversation on Strategy, Michael Saylor, and the risks to Bitcoin. Full episode here.

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