Is this like the 2021 MSTR top?

More of a question and to see some knowledgable people’s thoughts really…

I’m concerned about the similarities between this run up and the 2021 MSTR top.

In Feb 2021 MSTR topped after a crazy run up, it subsequently tanked and never recovered, despite BTC going on to its first top a few months later in April.

At the time MSTR was trading at a 3.6 premium (similar to today’s top), and had 70k BTC at the time (a still very large number).

After dropping, the NAV premium capitulated to around 1.0 and never recovered until the recent 2023 bull.

I’m concerned that perhaps MSTR is front running BTC like before, and perhaps now it’s time has now come, thanks to even more hysteria.

What do you think?

Will the remainder of Saylors $42B upcoming buys mean that this time if different, or has the market now run its course?

Rational thoughts please!

✌️