it’s ironic that one of the biggest beneficiaries of Bitcoin’s recent success is Vanguard.
Vanguard has been publicly critical to those allocating to #Bitcoin and the recently launched ETFs, however they are the second largest shareholder of MicroStrategy #MSTR through their swath of index ETFs.
As Bitcoin’s price has risen, MicroStrategy’s treasury has also risen and the market has begun to speculate what that treasury could look like 5, 10, 15 years into a Michael Saylor financial engineering regime.
As the treasury multiple has risen, Saylor has taken advantage of that premium and bought more Bitcoin and increased MSTR’s BTC per share. This has sizably shrinks the amount of available Bitcoin on the market and raises the price. (MicroStrategy has been able to accelerate BTC purchases, achieving 40%+ BTC yield YTD during a halving year)
As MicroStrategy’s share price continues to rise aggressively, the amount of passive fees Vanguard scrapes off their ETFs rises as well.
It’s incredible that the Bitcoin network is so powerful that even those that try to oppose it are benefitting from it.
we are still very very early in this journey
is the market waking up to the Saylor/MSTR snowball effect? his NAV keeps slowly creeping up, enabling more BTC purchases, moving BTC up, making his NAV creep higher.. feels like more normies are figuring this out
what was a very conservative MSTR allocation has now turned into the largest individual holding in my taxable brokerage lol. god bless BTC and god bless Michael Saylor
we still don’t rely on any law for our censorship resistance. that’s pretty enticing to me. code > law
thank you for having a simple, BTC only experience and thank you for proof of reserves!!! it really does make a difference IMO when trying to onboard newbies
nostr:npub14mcddvsjsflnhgw7vxykz0ndfqj0rq04v7cjq5nnc95ftld0pv3shcfrlx - I’ve probably put in 1,000 hours listening to his podcast which was foundational for my bitcoin journey
yeah I’ve definitely made him aware of the volatility and that ideally this isn’t something you want to sell in the short term, but I do think that he understands it a little better now as opposed to a few years ago. we’ll see, I’m just happy he’s off 0!
my dad has been a no coiner and for years has put up with me trying to orange pill him. This goes back to #bitcoin sub 15k.
today, using nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en he finally got off 0!
super happy for him and hopefully more family members will follow. I guess price is the biggest driver of conviction after all.
crazy how early we still are
so this turned out to be a really good decision lol. one of the biggest white pills I took was that buying a house is within anyone’s reach if you work hard and save money in a currency that doesn’t steal from you
nostr:note19h2pcdg8an24wh2nj8ekmma00nr4w6lyv077ssf3djx8m0a504hq3c3w59
my journey with Bitcoin (and Nostr) led me from being a devout leftist to a pretty extreme libertarian. And my worldview will probably shift again at some point 😁
$124,000 by inauguration day
I’ve never regretted making a large bitcoin purchase or converting some kind of long term dollar savings into a bitcoin savings
AFUERA