You can all ratio and disagree with me as much as you want.
Just give me actual evidence and i'll full concede.
Not "check out so and so"
Show me the evidence now or honestly stfu lol.
Okay is anyone else's skin burning way faster than normal in the UK right now?
It feels like the sun is far more intense...
Even my darker skinned friends are saying they are feeling a new intensity to the sun.
But it's only like 21 degrees Celsius...
It's weird.
How BTC/MSTR pair trade plays out :
Short MSTR at 2.5-3x MNAV, buy BTC -> Positive effect on the BTC price, creates a somewhat virtuous cycle (dilutes MSTR shareholders as Saylor buys more, but BTC keeps going up - so that’s ok). This is called a compression trade and @RealJimChanos famously played this out perfectly.
We’re in the unwind stage now (traders are buying back MSTR/dumping BTC). MNAV is < 1.3 - the meat of the trade is over. Might chop around for a bit, but likely heading to 1.0 MNAV as an equilibrium point.
The decompression stage begins when MNAV < 1.0. Then traders will buy MSTR, short BTC (watch funding rates go up). This creates a vicious cycle (as we saw this with GBTC). MSTR can’t really sell more shares to take advantage of a falling BTC price because the underlying asset (in BTC) keeps falling. If this happens during a bear market, it gets worse, until the bull comes back.
At some point, Saylor can’t pay the interest on the prefs and has to sell BTC. Herein lies the danger of what MSTR is doing in terms of concentration risk.
At the end of the day, I’m just pointing out risk, not saying it will happen. But, let’s watch…
@Jason@VinnyLingham do the math of the specific scenario mentioned. explain how he "corners the market" with $898T of incremental value in the bitcoin network NOT owned by Strategy ($50M BTC & 10% network ownership)
why would everyone "move to another game"?
you strawman everything @saylor says.
Samourai developer Keonne Rodriguez’s sentence includes 60 months in prison, three years of supervision, and a $250k fine.
Here’s an overview of what else was said in the courtroom today.
With bitcoin tanking and $MSTR down 11% YTD, @saylor seems to be getting desperate.
The newest capital raise using $STRE preferred (which complements the already issued $STRD $STRK $STRC and $STRF) comes with an important clause -
If MicroStrategy is too broke to pay dividends on STRE, it will dilute holders of its other securities and come up with the cash within 60 days.
Let's see if this is sufficient reassurance to induce investors to risk their capital for a 10% yield.
if Trump put on the gold tariff to drive a short squeeze in the physical market so as to revalue the treasury higher to then buy bitcoin in a "budget neutral way"-
will go down in history as legendary-level macro gambit of all times
cant possibly be right
Once we get through the early stages of Treasury companies scaling up globally
Having a team that is tan, gets lots of steps, and has a decent deadlift will drive a lot of incremental value
If it's a Bitcoin event, it must accept Bitcoin payments.
And @TheBitcoinConf not only showcased @lightning in prime time, but also managed to set a Guinness World Record in the process.
A few years back, critics mocked 10-minute blocks and full mempools, claiming Bitcoin will
JACK DORSEY: "BITCOIN IS MONEY. IF IT ENDS UP BEING JUST STORE OF VALUE, IT FAILS TO BE RELEVANT."
WE'RE READY TO SET A GUINNESS WORLD RECORD™ FOR #BITCOIN AS MEDIUM OF EXCHANGE 🚀
Custom Jack Dorsey bolt cards will be available in Vegas for tap-to-pay BTC payments 👇
@bgarlinghouse@SenLummis You ruined your reputation and lost all credibility by pushing for CBDCs and against Bitcoin.
Nobody takes you seriously anymore.
Almost no one is being honest with you so I’m going to be truthful.
Yes Bitcoin is being captured by Wall Street and then it will be captured by the central planners and sovereign states.
This was always going to happen if Bitcoin was ever going to be successful.
The good news is that is the only way Bitcoin can actually change these institutions, from the inside.
Kind of hard to be a Trojan horse If the enemy leaves it outside of the gate.
Self interest will keep the core tenets of Bitcoin like the 21 million hard cap in place during this process.
It is not until Bitcoin has marinated fully into the financial system, political system and culture that it will then be able to start eroding the power structures we so desperately want to see destroyed.
Bitcoin is the long game.
@sunny051488@strmsrgmusic@RoundtableSpace Yes. Joe was asking valid questions for the discussions. This Adrian guy was brutally interrupting others and offering zero substance. Defensive when asked to explain or define anything…