This is a tremendous response, Todd. After reading it, I feel more confident and agree with your outlook. Perhaps, Microstrategy will be like the early Bitcoin adopters on the retail side pre-2014. In the next cycle, more institutions will adopt and two cycles, it will proliferate where everyone needs to hold some on their balance sheets.

The government seizure argument is a stretch, but governments do have pretty close to absolute power.

Also, I agree that anyone should be able to hold Bitcoin. Excluding any buyers would defeat the entire purpose of its decentralized nature.

Thank you for the thought-out reply!