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@MilkRoadMacro What do you expect its Mark Cuban.
The guy can wait for BTC to rip to $400k buy it all back and still be better off than all of us.
I think he can afford to sell some bitcoin if he wants to. Lol.
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Mark Cuban has sold majority of his Bitcoin.
Cuban originally bought Bitcoin with one thesis in mind:
"It was a better version of gold than gold." A hedge against fiat currency losing its value. When the dollar weakens, Bitcoin should go up.
But that thesis just blew up in his face.
During the Iran war, when geopolitical risk was spiking and the dollar was sliding, Bitcoin dropped. Gold went to $5,000.
Think about what he was expecting. Bitcoin is priced in dollars. When the dollar falls, Bitcoin becomes cheaper for buyers around the world. Global demand should kick in and push the price up.
It didn't happen.
Gold did exactly what it was supposed to do as a macro hedge. Bitcoin didn't. And for Cuban, that was the line. The whole premise of holding it was gone.
He's more disappointed in Bitcoin than Ethereum. He had already written off memecoins as garbage entirely.
This matters beyond just one billionaire's portfolio decision. The "Bitcoin as digital gold" narrative has been the backbone of institutional adoption for years. It's the reason pension funds, family offices, and corporate treasuries started buying. If that hedge thesis is broken, the next buyer at these prices needs a different reason to hold.
The honest reality: Bitcoin is still trading like a risk asset. It correlates with tech stocks in a downturn and doesn't decouple when it matters most.
Gold doesn't have that problem.
Neil Jacobs@NeilJacobs
NEW ‼️ - BILLIONAIRE MARK CUBAN: I SOLD MOST OF MY BITCOIN. IT’S LOST THE PLOT.
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Its a variable yield that will decrease overtime as Bitcoin demand and sentiment climbs.
Dividends paid at the companys discretion.
The board can adjust and suspend payment at any time theres no legal obligation.
Will they? probably not but those are the terms.
That said you can prob do the strat and itll still work depending where we are in the Bear/Bull cycle.
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Bitcoin is on a need-to-know basis.
Most people in 1st world nations dont care about BTC because they are financially privileged and have access to bank accounts and brokerages.
If you got a savings account and your credit card works and you've never been de-banked or had your money withheld from you or had your bank account frozen/seized, the chances of you getting Bitcoin are very low almost zero.
Because you never had any reason to question the system that silently manipulates and robs you via taxation and monetary debasement.
You're comfy.
When the system is working for people, they are taught and in many cases paid to look the other way.
Bitcoin is on a need-to-know basis.
There's a reason behind every individual that took Bitcoin seriously, and it always starts with questioning the system.
But if the system is all you knew and it did right by you, would you really question it?
$BTC #Bitcoin
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Bitcoin is on a need-to-know basis.
Most people in 1st world nations dont care about BTC because theyre financially privileged and have access to bank accounts and brokerages.
If you got a savings account and your credit card works and you've never been de-banked or had your money withheld from you or had your bank account frozen/seized, the chances of you getting Bitcoin are very low almost zero.
Because you never had any reason to. You're comfy.
When the system is working for people they are taught and in many cases paid to look the other way.
Bitcoin is on a need-to-know basis.
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This question should be a wake up call.
Mecha Nakamoto@mechanakamoto
What percent of people in your world really care about Bitcoin? I’m talking real life…family, friends…co workers etc How many?
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@Vault256Hash $100k BTC at 2035 would mean Bitcoin has failed its function as a Store of Value.
I wouldn't be rooting for that tbh.
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@LongTermLuke does your family tell you its a scam/bubble/zero too?
mine does. you get used to it after a while.
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@RoaringHammy I buy the $1000+ phone but never paid more than $1000 because of trade-ins.
also I like to go a couple years before upgrades.
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@SparkingFIRENC are u 5-days in office?
mines hybrid schedule and got a standing desk which helps.
getting out moving around exercise is crucial, otherwise yeah u end up bedrotting after work.
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@mechanakamoto a friend and a colleague.
the friend I gave a book on bitcoin and he actually read it. I have no idea if he bought or not but every once in a while he'll ask if im still into it.
the colleague bought IBIT in his brokerage account and has a DCA running.
no one else cares.
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@TheBTCKnight my broke 20 year old self actually bought some bitcoin so my advice to him is dont sell it and figure out what it is.
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