Bitcoin's biggest risk is not a crash. It is boredom. Saylor's STRC structure becomes truly dangerous not when Bitcoin simply crashes, but when Bitcoin spends years moving sideways and the bear market drags on. A sharp drawdown can be survived if the market still believes in the next leg up. But long stagnation kills the story. It weakens demand, compresses MSTR premium, and makes Saylor's capital-raising machine much harder to sustain. That's why Saylor's real challenge is not just buying more Bitcoin. It is giving the market a new reason to believe. After nearly a decade in this industry, I've realized Bitcoin's core has not really changed. What changes every cycle is the story around why BTC price should keep going up. But most of those stories now feel exhausted. Bitcoin was supposed to be digital gold, but when it needed to act like one, it often traded like a tech stock. It was supposed to be freedom money built by cypherpunks, but many Bitcoin OGs are now shilling other c