Again, this guy is good.
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MSTR should be relentlessly attacked by the influencer class, not praised. Thats how we end up with “more than 21M” bitcoin.
This guy is good.
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Demand proof of reserves.
https://tenor.com/view/the-big-short-smile-happy-gif-21062813
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In fairness, I think MSTR (non-custodial bitcoin) is mostly acting like a buffer to limit the bull market. Getting folks like Jesse Myers and Preston Pysh to geek out on the theory of MSTR (which is totally sound) and attract capital that would otherwise allocate directly into fully custodied bitcoin.
They’re buying time for the nation state adoption phase. FTX was the attack on Bitcoin and it failed. At worst, MSTR is the vehicle to slow price appreciation so that they can coordinate as orderly of a transition as possible. Coinbase is 100% in cahoots with the US government.
(needs to start aggressively accumulating bitcoin to make this a reality…the cracks are showing and everyone can see them)
What. The. Ever. Loving. Fuck. Is. This. Shit?
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“Long your longs.”
-David Bailey, January 18, 2025
Bitcoin price: $101,000
Fiat habits die hard.
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IMO trade war will become a kinetic war as soon as they really start to lose. Or as soon as we start to lose. The stakes are too high.
When is the supply shock? 😬
Yeah, they deserve pity. Especially once the charade ends and they’re exposed for not actually having what they think they have.
I blew my streak in February 2023 while in Breckenridge! Before that I had never puked from alcohol and had last puked in 2002. I’m convinced it was as much to blame on the altitude as the alcohol! But - alas - I had to start over.
Sure but do it on a mineral / agricultural GDP basis … service economies are about to go belly up.
At a dinner tonight, the US Treasury market came up. I characterized last week as a collapse that required Trump to fold his hand.
An old wealthy real estate guy, balls deep in a real estate PE vehemently disagreed with me, saying that the treasury market was fine and that “he checks it 10 times a day” he would know … unrelenting, I pulled up the Apple stocks app 10-year US treasury chart and showed him that it collapsed between April 7-April 9 which coincided with Trump blinking on his tariff strategy … he quickly changed the subject to something totally unrelated with the other 3 guys in the group. After about 5 minutes, I asked if we could revisit the treasury market discussion. He aggressively embraced my upper arm a couple times, looked away and proclaimed that “he wasn’t going there again” and then walked off to “get another drink.”
We’re winning and they know it.