Jason retweeté
Jason
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Jason retweeté
I fully agree that we should dismantle SpaceX, Tesla, Neuralink, Boring Co, etc to give a cohort of people free 2 year degrees in gender studies and humanities.
Talk about making the world a better place.
Elizabeth Warren@SenWarren
If Elon Musk paid my ultra-millionaire tax, we could fully cover free community college in America.
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Jason retweeté
🇺🇸🙏🏼Team USA Gives Glory to God After Victory
Team USA took a powerful moment to pray together after their 2-0 win over Australia in the World Cup.
America is a Christian nation! These athletes are making their country proud on home turf!
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Jason retweeté
Jason retweeté
NEW: The US to end financial support for HIV prevention in South Africa amid threats from the country's political leaders to k*ll White Afrikaners.
The US was sending $400 MILLION PER YEAR to South Africa.
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Jason retweeté
Bitcoin just flashed one of its most reliable historical buy signals! Let's Discuss LIVE @ 9am est 🔥 youtube.com/live/GNrpRoPa0…
YouTube
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Jason retweeté
Jason retweeté
🇺🇸 Citibank predicts Bitcoin will reach $189,000 in 2026 👀
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Jason retweeté
Back in 2022 when MSTR was at $15 I suggested it might go as high as $500 (33x) the next bull market.
I bought leaps, and it went to $541.
Today when MSTR is at $112 I am suggesting it might go as high as $2000 (17x) next bull market.
I bought leaps, and it is going to ____??
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Jason retweeté
🇿🇦 An elderly couple, Piet (80) and Joheen (72) Bouwer, were brutally beaten with a hammer and steel pipe on their Free State farm.
Tied up, terrorised, and left broken in their own home.
Those could be your parents.
They could be mine.
When will this nightmare end?
Europa.com@europa
🇿🇦 An elderly couple, Piet Bouwer, 80, and his wife Joheen, 72, were brutally attacked at their farm near Allanridge in the Free State. According to their son, Christiaan Bouwer, the attackers beat his father with a hammer and steel pipe and assaulted his mother before tying the couple up and ransacking the house. Follow: @europa
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Jason retweeté
$MSTR’s recovery story is going to be ridiculous. They survive the bear, $STRC starts humming along again at par and they are raising more capital than ever. People realize $MSTR is not dead, not going to die but is actually now thriving. Maybe he wasn’t such a retard after all? People will pile back in. Genius mode activated. #BTC
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Jason retweeté
Jason retweeté
Jason retweeté
Following up on yesterday's post with some additional context and data that may help explain what we saw on Friday.
A few people asked why I believe the selloff was driven primarily by a leverage liquidation event.
No issuer has perfect visibility into every investor's financing arrangements, so no one can know with certainty exactly what happened across every account.
That said, three things stand out.
First, we knew leveraged strategies had developed around Digital Credit securities. We had seen examples of trades that involved meaningful leverage and had publicly discussed the risks associated with some of those approaches.
Second, we received anecdotal reports from market participants indicating that liquidations were occurring during the selloff.
Third, the trading data itself is consistent with what is often observed during forced selling events.
The STRC chart shows volume remained relatively modest through much of the decline, then exploded as the security moved from roughly $89 toward its intraday low of $82.50. After the low was established, volume quickly subsided and the price recovered materially into the close.
That pattern is often associated with a liquidation cascade. Forced selling drives volume sharply higher, prices overshoot fundamentals, and then buyers step in once the selling pressure has been exhausted.
The SATA chart also shows a price decline, but a very different volume profile. Volume remained much more consistent throughout the session (and the entire week) and did not exhibit the same relative spike around the lows that was observed in STRC.
That distinction is important.
To me, the data suggests that the primary stress event occurred in STRC, while weakness elsewhere in Digital Credit was more likely a spillover effect from the broader selloff than a similar wave of liquidations occurring across every security.
This is not a statement that one credit is stronger than another. In my view, both STRC and SATA remain strong credits, and neither issuer experienced a sudden deterioration in credit quality during Friday's trading session.
Digital Credit is a new asset class. As it grows, there will be periods where market structure, liquidity, leverage, and investor behavior create volatility that has little to do with underlying credit fundamentals.
Understanding those dynamics is part of the maturation process.
Friday was the most significant stress test Digital Credit has faced so far.
The market absorbed it, buyers emerged, and both securities recovered substantially from their lows.
That is a constructive outcome and an important data point for the future of the asset class.
Matt Cole@ColeMacro
Today was the most difficult day in the history of Digital Credit. $STRC traded as low as $82.50 before recovering sharply. $SATA traded from par down to the low 90s before also rebounding. It was a difficult day for many investors. What happened today was a leverage liquidation event, not a deterioration in underlying credit quality. There is an old saying in income markets that the road to hell is paved with carry. When investors discover an asset that offers attractive yields, relatively low volatility, and strong underlying credit characteristics, many eventually decide that owning it is not enough. They borrow against it. They lever it. They attempt to enhance the carry. That works until it doesn't. When markets move against leveraged holders, forced selling can create a cascade. Prices fall, margin calls increase, more selling occurs, and the cycle feeds on itself. The selling becomes disconnected from fundamentals and becomes driven by balance sheet constraints. We have seen this many times before in traditional finance. Some of the largest hedge fund failures in history involved highly leveraged positions in U.S. Treasuries. Not because Treasuries suddenly became poor credits, but because investors became overextended while trying to earn additional yield on assets that appeared safe and stable. That is the dynamic that played out today in Digital Credit. Importantly, the creditworthiness of the issuers remains strong. At @Strive, our dividend reserves remain intact. Our company is not under stress. We remain well positioned to meet our obligations and continue executing our strategy. The underlying credit profile remains substantially unchanged from where it was before today's volatility. One of the lessons markets teach repeatedly is that leverage flushes are not necessarily evidence of weak collateral. In many cases, they occur precisely because the underlying collateral is viewed as stable enough to encourage excessive leverage in the first place. In that sense, today's events were difficult for some investors, but they were also instructive. Digital Credit is still in its infancy. It is better for the market to experience and learn from these dynamics now, while the market remains relatively small, than years from now when the market is many times larger. Investors, issuers, and market participants all benefit from understanding the risks associated with leverage and liquidity before the asset class reaches full scale. No one knows with certainty whether today's lows will ultimately prove to be the bottom. What is clear is that there was substantial demand at those prices. Both $STRC and $SATA experienced significant buying interest off their intraday lows, resulting in sharp recoveries. That price action reflects meaningful demand entering the market at lower levels and is an encouraging sign for the health of the asset class. A liquidation event and a credit event are not the same thing. The price action today did not change my conviction in the long-term opportunity for Digital Credit. If anything, it reinforced my belief that we are building an entirely new category of financial instrument that will experience many of the same growing pains that other large fixed income markets experienced before reaching maturity. The volatility was uncomfortable for many participants. The lesson will prove valuable. Stay calm. Focus on fundamentals. Markets have a way of working through excesses, and when they do, stronger foundations are often left behind.
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@WolfgangRichtEU @SAM_Milo_uk You have been a parasite your entire life!
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@SAM_Milo_uk Dear Milo,
I have dedicated my life to public service. If I was in the private sector, I could easily do what Elon has done because it isnt much.
All the best,
Wolfgang
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What exactly has Elon contributed to society? Almost nothing.
Tesla? Not innovation, electric cars existed long before this company.
Space X? NASA has existed since 1958 and we put people on the moon in 1969. A bit late to the game Elon.
Starlink? Wifi and 4G existed decades before this.
Twitter? Turned an excellent website with content moderation by the Biden administration into a right-wing fascist eco-chamber.
I hope this helps people understand that, objectively speaking, Elon's impact has been very small. You may like the guy but its just a fact that he isn't an innovator.
Have a wonderful day,
Wolfgang
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