Nina Xiang

Trump will win a resounding reelection and Bitcoin will go to $100k by the end of the year. Let’s check back in November.

@KristianCsep @Braiins @SummerMeng21 wow - congrats 🎊 🍾

We just got married 🎉 @SummerMeng21, as always, like a queen. Me, as always, in a Braiins t-shirt. Don’t worry, this one was for the state. The real celebration with friends is coming!

better way to stack BTC 🤩

@starmci always ☺️

@ninaxiang1 For someone that knows what he/she is doing, this is a great entry point. BTW, I hope you've added more BTC to your bag?

BTC is ~44% off its ATH. The idea that institutional adoption would stabilize BTC is 🤷‍♀️ This is a decent entry point - but with broader markets skittish, more downside ahead. You should get excited, not fearful.

@Leysnipe thanks for your support friend. you are the winner this time 🎉

@ninaxiang1 Good to have you back.✅️✅️💯

$100 for a random follower because I want to spread the love ❤️ No way we are NOT in an AI bubble - i’m pausing allocations to equities and BTC. See y’all on the other side.

Mountains in China

@JosephA140 @AriDavidPaul @Citi @CryptoHayes solids points - likely @CryptoHayes trying to FUD for better entry

#2 & #3 aren’t misleading if #1 is true. But assuming #1 isn’t true (it is), #2 & #3 still stand. #2 isn’t to suggest Tether sells equity after insolvency but rather to avoid insolvency. It’s a highly profitable business generating $bns/yr with low overheads. I don’t think it’s unreasonable to suggest they’d be able to sell equity (even if it is at a discount) to cover any gaps. The gaps btw would be ~$20bn if XAU & BTC marked to 0. Tether equity, even at a large discount should be significantly more than this. On point #3, yes, I agree entirely, I noted this at the end of #3 with lender of last resort. But, #3 is merely to suggest that tether carries significantly less structural risk of a bank run than any major bank given the breadth and selection of assets. I think it’s highly likely an experienced Hayes is sewing seeds of uncertainty in hopes for a better entry.. (Also big fan, thanks for taking the time to share your thoughts)

I spent 100’s of hours writing research on tether for @Citi. @CryptoHayes missed a few key points. 1) 𝐓𝐡𝐞𝐢𝐫 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐬𝐬𝐞𝐭𝐬 =/ 𝐚𝐥𝐥 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 When tether generates $ they have a separate equity balance sheet which they don’t report publicly. The numbers they disclose are under a ‘matching’ philosophy; they’re just showing you how their reserves are backed. The equity balance is sheet is made up of equity investments, mining operations, corporate reserves & possibly more BTC, with the rest distributed as dividends to shareholders. 2) 𝐓𝐡𝐞𝐲’𝐫𝐞 𝐡𝐢𝐠𝐡𝐥𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐬 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞. 𝐓𝐡𝐞𝐲 𝐜𝐚𝐧 𝐬𝐞𝐥𝐥 𝐞𝐪𝐮𝐢𝐭𝐲 𝐭𝐨 𝐜𝐨𝐯𝐞𝐫 𝐚𝐧𝐲 𝐠𝐚𝐩𝐬 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐬𝐡𝐞𝐞𝐭. Tether has ~$120bn in interest yielding treasuries which have been yielding ~4% since 2023. That’s ~$10bn in liquid PnL with little cost (150 employees), making it one of the most efficient cash generating businesses in the world. I’m guessing this would make their equity worth somewhere in the $50-100bn range. Although they’ve reported they’re looking to raise $20bn for 3% which would put them at ~$500bn+ valuation. Probably won’t materialise, and likely overvalued, but still highly valuable equity. 3) 𝐁𝐚𝐧𝐤𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐨𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐥𝐨𝐰𝐞𝐫 𝐟𝐫𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐫𝐞𝐬𝐞𝐫𝐯𝐞𝐬. 𝟓-𝟏𝟓% 𝐨𝐟 𝐛𝐚𝐧𝐤 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬 𝐚𝐫𝐞 𝐡𝐞𝐥𝐝 𝐢𝐧 𝐥𝐢𝐪𝐮𝐢𝐝 𝐚𝐬𝐬𝐞𝐭𝐬, 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫 𝟖𝟓%+ 𝐚𝐫𝐞 𝐡𝐞𝐥𝐝 𝐢𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐦𝐨𝐫𝐞 𝐢𝐥𝐥𝐢𝐪𝐮𝐢𝐝 𝐚𝐬𝐬𝐞𝐭𝐬. Tether is different but holds similar qualities to a Bank in this regard, and is significantly better collateralised. A key difference is banks are backed by Lender of last resort (Central Bank) but Tether is not. TLDR: Tether isn’t going insolvent, quite the opposite; they own a money printing machine.

@Cointelegraph good explanation here too: x.com/compass_mining…

🇨🇳 QUESTION: Why is China's $BTC mining surging?

This is just getting started - the real bleeding hasn’t even begun.

@pete_rizzo_ they already mine Bitcoin - but some of those you aren’t going to know about it

BREAKING: SAUDI ARABIA JUST ANNOUNCED THEY WILL START MINING #BITCOIN THE MIDDLE EAST IS COMING 🚀

@starmci i can finally starts buying more 😅

@ninaxiang1 At this rate, it's very much possible to go down to 7

We are in 8 - do we go to 7? Yes or no?

@Leysnipe good buying opportunity - could get even better 🤷‍♀️

@ninaxiang1 This is bleeding 😳

@Ellis4ST sentiment very vulnerable

@ninaxiang1 What could be the possible reason for this type of candles 🤔

Photo taken by the one and only @LukeDashjr 😹

@hosseeb yep precisely

TBH this is the easiest bear market I've ever seen. Seems like most of you have forgotten what 2022 was like. Luna collapsing, then 3AC, then FTX, then Genesis, BlockFi, Axie, NFTs--pretty much everything felt like a house of cards. And then after all that stuff collapsed, the BANKS collapsed, stablecoins depegged, Gary Gensler and the president tried to destroy almost every company in the industry--I really wasn't sure how much of this stuff was going to survive. Compared to that? This is breezy. Prices have gone down, yeah whatever. Fundamentals are great. Crypto is working. So relax, get something to eat. Lock in. We'll be fine.

@CassandrasFate @1x_tech customized unitree 💣 optimus: u r forgiven if u peed ur pants

@ninaxiang1 @1x_tech If Optimus is goofy then everything else is going to be goofy. I get why they are working on it. And who knows, maybe if they build enough data centers with quantum computers in them they'll figure it out. In 10 years or so...

NEO The Home Robot Order Today

For the record, there will be a 10%+ correction before H2 next year. Let’s check back in June 26.