To put it in simpler terms, in my opinion, bitcoin is like buying land or a house right now and all of these major alts are like buying into the tech companies in 1997 and 98 before the tech boom and collapse that followed.
I agree with this viewpoint. It also matches Saylor's comments in one of the videos. I think he describes the alts as "ventures", and compares investing in them to be acting like a VC (and essentially expecting most of them to go to 0 with 1 or 2 hoping to pay off the losses on the others since it will likely be (eventual) winner takes all).
Thanks for the input about the loan mechanics. I'll have to look into this more.
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