MicroStrategy's Bitcoin Debt Bet
I don&#x27;t doubt the author&#x27;s point that the offering the company a loan for this foray is a good deal.<p>Does anyone with a good amount of knowledge in the field think there is an actual basis for assuming Bitcoin is worthy of someone calling $1M per coin? Last I heard bitcoin was not technically able to be used as a payment processor subsitutes. My impression then is the whole affair is a bit of a playing-chicken racket.