Saylor's view calls to mind that famous line in Jurassic Park: Life finds a way. Well. so does wealth. People are spending their Bitcoin wealth without cashing out. They can borrow against their gains to buy stuff or stocks. Three trillion dollars in crypto "value" creates a wealth effect that affects the price of everything, including other assets (and, complementarily, capital). It's helicopter money.

Meanwhile, criminals and terrorists use anonymous crypto to destroy the world. One hopes Mr. Saylor's offices are not in a tall building. I don't believe that making money by investing, trading, HODLing, or arbitraging is inherently immoral. But they can be immoral. Bitcoin is a burglar's tool and HODLers are, in fact, abettors