The bubble is just beginning. We will see really shitty companies running really reckless strategies eventually
Discussion
The depravity will be legendary.
And they will have much smaller stacks of Bitcoin that may it may not get liquidated. I don’t think it will be the 80,000 that Luna liquidated. This niche will definitely have a boom and bust, but I think it’s contagion to the spot bitcoin price could be limited instead of being a repeat of 2021/2022
I’m anticipating there being a lot of these companies. Everyone I talked to at the conference was gearing up to do this.
Not sure the increase in supply of this companies in response to demand will not destroy potential bubble in its infancy, converging their mNAVs similar to what happens in shitcoins or anything where supply elastic
Call me crazy but even if there are 50 reckless companies buying 1000 btc each and they all go bust (50k btc dumped in the market) I don’t see how that moves the market at all. Maybe a 30% bust but then it continues slowly grinding upwards
Time will tell, but I think we are in a cyclical 10 year+ trend where we are going to be absolutely bored until 1 million per coin 😆
BlackRock Bitcoin Cycle
Think more like 1,000 companies globally with 1,000 bitcoin each
With a clear and open-source playbook, I still struggle to see a high percentage opting to be reckless and put themselves in a situation where Bitcoin needs to be liquidated. Their acquisitions may slow down if interest dies and capital rotates to the new darling, but bitcoin doesn’t have to leave their treasury when this inevitably happens.
Shareholders of copycats will absolutely get rekt, no disagreement there
Totally agree
2008 called, they want their schenanigans back
So the thesis is that you think 🤔 that these treasuary companies is too over leverage with Debt .
If they get these debt loan offerings at zero interest rate. And Bitcoin price falls . You think that it would cause a massive liquidation of their stock options .
So it’s the learning cycle. Finally
In other words, don't be afraid to shave a little off at certain points on the way up...because the next collapse and insuing bear market will be beyond epic 👌 😎
Eventually?
The unwind will be breathtaking.
James Wynn going to be a cfo soon
I don't want to be a pessimistic party pooper. But this cycle is coming to an end. A bear market of at least 2 years is about to arrive. How nice it accumulates 😍😍
Basically, the Internet DotCom bubble comes to Bitcoin. So you'd advise selling all of our satoshis now before the imminent collapse in January 2026 kt is that 2027? 😉