I struggle to believe that Saylor is buying tens of thousands of bitcoins and the price is doing nothing. In days with thousands of BTC flows into/out of the ETFs the price action is $5k swings, easy.
Every “sell wall” I’ve seen is single digit thousand at $100k … if Saylor is buying 50k+ BTC the market will move.
Remember, ~165k bitcoins are being freshly distributed every year now. A 50k BTC purchase is absorbing all “new” bitcoin distributed over 4 months.
Show us the proof of reserves, nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m nostr:note1lse5ueqm35mt3e8sjsksjxdyxzh4kzssugeh9eqfewk7apahlx2smd2de6
I struggle to believe that Saylor is buying tens of thousands of bitcoins and the price is doing nothing. In days with thousands of BTC flows into/out of the ETFs the price action is $5k swings, easy.
Every “sell wall” I’ve seen is single digit thousand at $100k … if Saylor is buying 50k+ BTC the market will move.
Remember, ~165k bitcoins are being freshly distributed every year now. A 50k BTC purchase is absorbing all “new” bitcoin distributed over 4 months.
Show us the proof of reserves, nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m
What is the real cost of capital? We’re gonna find out over the next 2 decades. And the unwind will be nasty.
NOTEDECK ALPHA IS GREAT. INCREDIBLY SMOOTH.
HUGE SHOUT. BIG THANKS. 🫡 nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s nostr:npub18m76awca3y37hkvuneavuw6pjj4525fw90necxmadrvjg0sdy6qsngq955
Not meant to be snarky. What’s the use case here? To someone who isn’t a digital tech guy it just seems like content overload?
What about a daily casual cigar? Asking for a friend…
US real estate backstops the dollar
Real estate preserves value over time
Dollar transmits value over space
“Fixing the money” is the most valuable solution a technology can provide.
That’s why Bitcoin is so valuable … and Bitcoin will continue to grow in value against all resistance.
Bitcoin needs to be the center of attention of his pod. Without it, there is a lot of noise and not a lot of substance.
Never thought Peter was particularly insightful or engaging. I only listened when he had my favorite bitcoiners on the ‘What Bitcoin Did’ pod. I always got the impression he just happened to be at the right place at the right time with bitcoin. Without bitcoin anchoring his conversations and being the namesake of his pod, he’s just another dude trying to make himself more important than he probably should be.
And the new ‘Mr. Obnoxious’ title is cringe.
On Mac: Settings >> Display >> Color Filters >> Grayscale
On iPhone: Settings >> Accessibility >> Display / Text Size >> color Filters >> Grayscale
My 15 lb turkey cost $43 pre-tax.
I call bullshit. nostr:note1mwclpz3g2ymvk4nl0hzgjd2vtxrepwq58vj9h7httuh59wq8p6fqf9q8uz
Because it isn’t a good money for the modern age. It doesn’t transmit value well across space (uniform, verifiable, acceptance). And - for the last 50 years - it hasn’t been better than real estate for transmitting value over time (credit access, limited supply)
Both have flaws. But the United States defecit and debt have been enabled by the credit system supporting US real estate as a form of “money” storing value over time while the dollar resulting from credit expansion transmits value over space.
The two together in the digital age were pretty powerful for many decades…though that game has been played out.
There are certain places more ideal for this than others. In addition to understanding where hurricanes are statistically likely, look up “met ocean conditions.”
I’m just saying that proof of reserves would be a good step forward by Saylor. Hard to believe buying one-third the annual issuance of bitcoin doesn’t eat through whatever sell walls are out there.
Show me the incentive and I’ll show you the outcome…MSTR is potentially diverting funds away from personal bitcoin smash buys…would be cool if he proved MSTR has those bitcoin in custody.
Also seems like proof of reserves would be beneficial to MSTR, too.
So ~4k sales out of the ETFs causes a ~$5k pullback but 55k smash buy by MSTR doesn’t move the market up at all?
cc: nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq
Yes. This could be the great psyop of 2020-2026 cycle(s). Hard to believe that 55k coins (1/3 rd annual production) doesn’t run up the price a little bit, right? nostr:note12lkuxdkmpj32hntfsyqlluak5teae6dzqhvsluusmjr8hffc0wzsqp6n4v
Ride MSTR for the next 9-12 months in the 401k/IRA accounts…then rotate into O&G stocks until 4Q26, then FBTC until 6 months before next halving. Rinse & repeat.
I don’t know about you but I “deserve” more bitcoin…
😏
But what happens when the un-humble actors are institutions and sovereign governments?
