He calls out Michael Saylor, something almost unheard of in the Bitcoin world.
Patrick, CEO of DelphX Capital Markets, says the MicroStrategy model is financial nonsense and that Saylor’s leveraged approach could wreck both his company and Bitcoin’s reputation if things turn south.
In this episode, Patrick breaks down what most Bitcoiners don’t want to hear: Wall Street’s asleep, leverage is out of control, and transparency (not hero worship) is what will protect this market long-term.
From his days in credit markets to building new hedging tools for Bitcoin treasuries, Patrick explains why corporate hedging and full disclosure aren’t bearish; they’re survival.
Links to today’s Show Notes:
— https://delphx.com
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