Bitcoin Magazine contributor: Saylor is becoming like the system BTC was meant to replace

Zach Wischler, a contributor to Bitcoin Magazine, has criticized MicroStrategy founder Michael Saylor, arguing that his recent actions are making him resemble the traditional financial system that BTC was intended to replace. Wischler stated on X that he had trusted Saylor for years and held MicroStrategy stock through its ups and downs, believing him to be one of the few who understood the flaws of legacy finance. However, he pointed out that the company's name change, the launch of preferred stock, a new dashboard, and a promotional video for the STRC preferred stock that looked like an ETF advertisement reminded him of the very system BTC was meant to tear down. Wischler added that sound money should be simple—a store of value, medium of exchange, and unit of account that no one can dilute or control—and expressed his feeling that recent trends are moving away from this core principle.