They have never been honest and transparent about their reserves 🤣

Before the UST depeg in 2022, the Luna project team had actually been transparent about their reserves, and indeed, these reserves did decline linearly as most people thought. Even without the 5.9 incident, it probably wouldn't have lasted much longer. So why was the market response still so slow? Is it because people believe DK has unlimited bullets to spend, or that Luna's reserves of BTC will always rise? What difference is there between Luna and MicroStrategy, apart from the obvious risks of stablecoins? Selling tokens to finance and gamble on 'national fortune'—is there really a distinction? Is it just fortune that DK is revered as a god of crypto while Michael is a prisoner of the moment? The next bear market should provide an answer. #微策略