Agreed, and when a bear market with -85% hits
Discussion
Unlikely with long term allocations but hey I’m not leveraging so more cheap sats
IF we get an 85er this cycle then Michael would be still in the green with the current DCA of MS's stack. I think as long as Bitcoin stays above 69k the firm will be alright as long as they can settle those senior notes without having to sell all their coins.
In my mind going below 69k isn’t unrealistic haha
But yeah I understand it. But I also think IF something extremely bad happen it will push back Bitcoin adoption a few years as Saylor is obliged to sell some corn
No?
I agree. I doubt that we'll see sub 69k again when the bear market hits. Expected 18k last cycle because it was the previous high. 15k came at a surprise but it didn't last long and we went straight back to the 108k range. By that logic and assuming that we will ever see a ~85% bear market pullback, the firm should be fine. "should"
