Replying to Avatar HODL

Accurate and I say this as an investor in nakamoto lol 😂
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DRE 7mo ago

Yeah in stonks

Still don’t see company’s with material amounts of Bitcoin buying bitcoin in ways that would trigger a liquidation.

This just feels like a muscle memory/PTSD/recency bias/knee jerk type of reaction

People don’t seem to understand or know that Strategy has over $50 billion dollars left to deploy. The next capital raise will be at least another $42B. They will be buying the bitcoin from blown up companies before people know what’s going on

And I’m not even taking ETFs and MetaPlanet into account whose target is 100K BTC by end of next year.

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HODL 7mo ago

I don’t think MSTR blows up, or even NAKA but if you look on the bitcoin treasuries site the companies are growing rapidly. There will be thousands of them sooner or later and I don’t put much faith in the last 1,000 guys to execute the strategy prudently

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DRE 7mo ago

I don’t either, but that wasn’t my point.

I’m saying that even if 100 companies with 1,000 BTC blow up, Strategy alone could sweep those Sats in a few months or less if they issue a convert.

Scale matters here, and the biggest players this time around are Bitcoin black holes with virtually no liquidation price. Their stack is permanent capital.

There will be booms and busts in the stocks of those companies, but that’s not necessarily going to translate to Bitcoin being sold. How much Bitcoin do you think Strategy will be buying next January when they have S&P 500 passive flows at their size (presumably over $200B)? How much will the market for their 3 preferred offerings have grown by then? They will be able to deploy $1B per week easily.

None of this takes into account nation-state adoption and the Twenty-One Capitals and Metplanets of the world.

Lettuce hands will sell for a 2X gain, and we will have 30% corrections like we had this year.

BUT we are going higher for longer, bro.

Get bullish 😂jk

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HODL 7mo ago

I’d like for you to be right