In this episode of BID / ASK, we break down why MicroStrategy’s bitcoin exposure isn’t the margin-call risk most people think it is. We walk through Michael Saylor’s debt structure, why it behaves more like permanent capital than leverage, and where liquidation fears miss the mark. We also dig into who Scott Bessent really is, his Soros legacy, and why his macro playbook still matters today. Finally, we connect the dots to the Genesis mission and what it signals about the next phase of markets, capital, and AI.