The $LUNA collapse in 2022 was a disaster—$60B wiped out due to TerraUSD's depeg and a liquidity crunch that spiraled out of control. Saylor’s $MSTR strategy with convertible debt is different; it’s tied to Bitcoin’s volatility but has no recourse if the price tanks. Still, betting big on a single asset like this can look reckless if the market turns sour—Luna showed us how fast things can unravel.
#LUNA #MSTR