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But we saved everything 🙂.
Adam Livingston compares Bitcoin to MSTR, highlighting the unique aspects of digital scarcity embodied by each. Bitcoin is described as 'pristine digital scarcity secured by thermodynamics,' while MSTR is characterized as a version of that scarcity subjected to capital markets activity including preferred stock and volatility selling.
Livingston has previously written that Bitcoin holders have endured severe market drawdowns and major industry disruptions, including exchange collapses and repeated industry shocks here. He has also argued that Strategy’s S&P 500 ambitions hinge on achieving institutional capital markets stature and GAAP profitability here. These topics reflect Livingston’s ongoing focus on digital assets and traditional market structures.