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RE: LeoStrategy Token Buybacks | Re-Pegging After a 50% BTC Drawdown

Can't say as how I am really surprised that we have ended up here.

It always struck me as a dubious assumption that people had loads of "free cash" sitting on the sidelines, ready to invest in a whole basket of new tokens/assets coming to market.

For most, I suspect it was more a case of sell LEO to buy LSTR, then sell that LSTR to buy SURGE, then maybe sell your SURGE to buy the other RWAs...

Thus, a dodgy proposition, unless the predominance of the marketing were to take place outside the Hive/Inleo infrastructure, because most of us here are already bled dry on the back of HIVE/LEO losing most of its value.

While I realize we can't accurately predict bear markets, the underpinnings here seem more based on wishful thinking than sound financial principles.

I'm not interested in the metaphorical "shooting the pilot flying the plane," I just hope this whole ball of wax can land somewhere without leaving everyone holding nothing more than a handful of pocket lint...

=^..^=

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