$BTC
Critics Slam MicroStrategy's "Reflexive Loop" as Potential Ponzi Scheme
Analyst calls MicroStrategy a 'giant Ponzi scheme' relying on a reflexive loop: issue debt to buy Bitcoin, drive up BTC price, boost market cap, repeat. With 629,000+ BTC worth $41B+, critics warn the cycle collapses if Bitcoin stagnates. Saylor defends it as 'Manhattan real estate economics.