Picka
14.2K posts
I don't see how a ton more institutional capital won't be flowing into defi this cycle. The rates are insane across the board and chains. Even on maker(sky) people get paid 25% on stables. Last cycle, anchor was clearly a Ponzi and still ycombinator startups spawned on the back of it. This cycle, Ethena gives us a clear view of where this insane yield is coming from, the unquenchable thirst of leverage from the participants. It might not be sustainable into the bear, but it's not going to kaboom into the vapor. 20-30% yields on stables in significant size, the capital sitting on the sidelines not jumping in will realise they are stupid soon. Much higher everything as on-chain revenues go ballistic!
MicroStrategy has acquired 15,400 BTC for ~$1.5 billion at ~$95,976 per #bitcoin and has achieved BTC Yield of 38.7% QTD and 63.3% YTD. As of 12/2/2024, we hodl 402,100 $BTC acquired for ~$23.4 billion at ~$58,263 per bitcoin. $MSTR microstrategy.com/press/microstr…
"It's transitory inflation." "Afghanistan was a success." "The border is secure." "Robert Hur lied. Biden is fine." "Those videos are cheapfakes." "Biden had jetlag." "Biden had a cold." "Biden isn't going to be replaced." "Biden isn't going to pardon Hunter."
👀 Here's a sneak peek of what's coming to Rabby Mobile!
see people comparing a lot of stuff to last cycle in terms of marketcap / prices Bitcoin is (already) sitting $30,000 above its old time high you need to adjust everything higher
