I hear you.
Time will tell... and a bear market will separate the wheat from the chaff.
Just because it's inevitable does not mean that it's good.
Two things could drive a sustained premium to NAV... 1) Increased bitcoin per share over time; and, 2) Shrewd usage of leverage. -- Only time will tell which managers are able to do this through entire economic cycles. -- My hunch is that many will falter during the next bear market, their premiums will turn negative, and their bitcoin will get margin called away from them (and their shareholders).
MARA CEO says Trump signing the GENIUS Act today will boost #Bitcoin trading volume.
Shared via https://pullthatupjamie.ai
Think Fred will shill Kaspa to POTUS?
Happy Paper Bitcoin Summer.
If you think Paper Bitcoin Summer is obnoxious, just wait until you see the Paper Litecoin Summer party.
lol
My Three Burners Theory of #bitcoin bull market price action.
Burner #1: Liquidity
Current setting: Medium
Burner #2: Economy
Current setting: Low (but starting to rise? ... watch ISM data)
Burner #3: Leverage
Current setting: Low
OPINION:
We won't see an exponential move (ie, a "blow-off top") until all three burners are on High.
If you showed 100 Americans a picture of a steak vs a picture of a seed oil-laden protein bar, I’m guessing that at least 80% would choose the protein bar as the healthy option.
Similarly, fried eggs vs a granola bar.
Pseudo-nutrition marketing is extremely powerful and misleading.
We’ve been seriously duped… much to our own detriment.
Discuss.
Actually, no.
If you showed 100 Americans a picture of a steak and a picture of a seed oil-laden protein bar, I’m guessing that at least 80% would choose the protein bar as the healthy option.
Similarly, fried eggs vs a granola bar.
Pseudo-nutrition marketing is extremely powerful and misleading.
That’s fine.
Fiber is not necessary, contrary to popular opinion.
Big pharma and fiat doctors want you to believe that cholesterol is "bad" and needs to be as low as possible... preferably through the purchase and consumption of statins.
I used to believe this as well.
But I am not here to give individual medical advice.
In general, the lower the processed food consumption, the healthier the body... and vice versa.
Most food options in the US are processed.
Most processed foods are generally terrible for human bodies.
Contrary to popular belief, even (especially?) among fellow healthcare workers...
As a former radiologist, I can make the following generalizations about nutrition and the human body:
Serious vegans:
- Arteries: Little to no atherosclerotic plaque
- Visceral fat: Minimal
- Muscle mass: Minimal
Serious carnivores:
- Arteries: Little to no atherosclerotic plaque
- Visceral fat: Minimal
- Muscle mass: Moderate to large
Standard American diet (most patients):
- Arteries: Mild to severe levels of atherosclerotic plaque, often age-dependent
- Visceral fat: Copious
- Muscle mass: Minimal to moderate
--------
You do you, but your body doesn't lie.
Ditch your (fiat) doctor?
"Modern diet" often means modern disease.
Funny how focusing on what humans ate for millennia (meat!) often reverses the damage done by new-fangled, chemical-laden, fiat "foods."
Your gut knows. Your brain knows. Listen to them.
#CarnivoreLife #ProcessedFoodIsntFood #OptimalHealth
lol... I like Adam and greatly appreciate his technical contributions to the space.
What this world needs--I mean REALLY NEEDS--is another Bitcoin Treasury Company.
Stay humble. Start a Bitcoin Treasury Company.
lol
Interesting.
Thanks for the boots on the ground insight.
🍻
Permanently defund the Red and Blue clowns in D.C.
#Bitcoin
Only a small number to the new bitcoin treasury company "managers" actually understand bitcoin and dollar-based financial plumbing like Saylor does.
And many are literally managing billions of dollars and tens of thousands of bitcoin.
It's like giving a confident five-year old the keys to brand new Ferrari and expecting a good result.
The wheat will get separated from the chaff once the good times have ended.
Regarded. Highly.
Many will take on too much leverage late in the cycle, which may come back to bite them.
This is my plan as well. I will be watching these entities closely as we near the top of the bull market.
I think much of it will shift into risk assets as the economy heats up and the bull market takes hold.
Few understand that evidence-based studies aren't actually "evidence-based" if their "evidence" is/was based on false, misleading, or maliciously/selfishly incentivized "evidence."
This is a *huge* issue in the US healthcare, nutrition, and pharmaceutical industries.
🙏
No.
I don’t care about this price target or trade in my fund based on price targets.
Ideally, people would stop asking me about price targets so I could stop talking about them.
🍻