Bitcoin Dave

Bitcoin maximalist since 2014. Macro long term investor. Your FUD and alt coin scams don’t work on me.

[Bitcoin Dave @BitcoinDave99]

Waiting for people I know who don’t own any Bitcoin to say again “You made millions on Bitcoin? I wish I bought some when it was cheap! I bought at the top and now it's going down. I'm so frustrated and will never buy again!" They will then buy again at the next FOMO top 😂

[Bitcoin Dave @BitcoinDave99]

@BitPaine It was a lot of institutional sellers rotating out funds for Anthropic, SpaceX and openAI ipos. I hope they stay short and get wrecked on the bounce back.

[Michael Saylor @saylor]

Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 Treasury Secretary Scott Bessent says he's looking forward to working with lawmakers on the Strategic Bitcoin Reserve 👀

"We are proceeding with all deliberate speed. And we are making sure...we use best practices and things will be durable for the future" 🚀

[Adam Livingston @AdamBLiv]

STRC is falling to $95.

Strategy has 32.5 years of dividend coverage in Bitcoin.

Strategy has 6.3 months of dividend coverage in cash.

On average, Strategy raises one month worth of dividend payments every trading day.

The effective yield here is 12.09%.

The dividend is getting paid.

NFA but IMHO this could easily be a ~5% gain in less than two weeks.

[King 📈 @KinggTrades]

Did Saylor just unlock a new cheat code?

Next time he has $1B to buy bitcoin, he’ll sell 30 bitcoins to tank the price, and then simply buy the bottom.

Genius.

[*Walter Bloomberg @DeItaone]

STRIPE, VISA, MASTERCARD TO BACK NEW STABLECOIN PLATFORM - COINDESK

COINBASE ALSO MULLS BACKING NEW STABLECOIN PLATFORM

[Michael Saylor @saylor]

₿ack to Work

[Brennan Schlagbaum, CPA @Budgetdog_]

Bitcoin is the epitome of the average investor.

They get in when everyone is excited.

They lose interest when the hype fades.

They struggle to stay consistent.

Behavioral psychology destroys their long-term results.

There are only a select few who have truly dollar-cost averaged into Bitcoin consistently.

Heck, I haven’t missed a week since I began. And by no means would I put myself in that community.

And even among those who do, many still panic every time volatility shows up. You can feel it in their messaging.

That’s why it’s hard for the everyday person to take much of the “Bitcoin community” seriously.

The loudest voices are often the least disciplined investors.

[Adam Livingston @AdamBLiv]

Bitcoin intraday low of $66.5k is +10.74% above the 4 year moving average.

Median forward returns from this level in history:

6 months: +52.1% (90.8% hit rate)
12 months: +129.0% (100% hit rate)
18 months: +233.2% (100% hit rate)
24 months: +324.3% (100% hit rate)

If history rhymes, buying here makes you rich.

[Wilberforce Theophilus @Eze_Wilberforce]

FINALLY!!

The CLARITY Act has been placed on the Senate Legislative Calendar under General Orders (Calendar No. 423).

The bill is now one step closer to a Senate floor debate and vote before the upcoming recess.

It's happening!! 🔥🔥

[Quinten | 048.eth @QuintenFrancois]

If you’re selling depressed Bitcoin to buy AI stocks and the S&P 500 at all-time highs and historic valuations…

I don’t know what to tell you

[Alex 👽 @AlexesNakamoto]

People are overthinking the 32 BTC sale.

“Why sell?”
“Why not just buy less next week?”
“Is this bearish?”

Michael @saylor already explained the logic:

• If Bitcoin can’t be sold, critics say it has no value.
• If it has no value, the balance sheet value is zero.
• If the balance sheet value is zero, credit rating agencies ignore it.
• So you sell a tiny appreciated portion to prove Bitcoin is liquid, valuable, and real.

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 Public company Strive purchases 2,500 Bitcoin for $185.2 million! 🚀

[Wayne Vaughan @WayneVaughan]

The best time to buy Bitcoin is when you check the price and you want to puke.

[Adam Livingston @AdamBLiv]

There is going to be a huge liquidity rush into STRC before the ex. div date on June 15th. As per usual.

But the rotation after that into SATA for the daily dividends is going to be HISTORIC.

Digital credit will provide lots of buying pressure for Bitcoin. Just getting started.

[Bitcoin Magazine @BitcoinMagazine]

El Salvador are STILL stacking 1 BTC every day since November 2022, never missing a single day 🇸🇻

Legendary 👏

[BLAKE⚡️ROGUE MONEY USER @bleighky]

$MSTR is doing exactly what S&P advised.

S&P called the reluctance to sell Bitcoin a “weakness.”

Now they’re selling.

Smart move.

[James E. Thorne @DrJStrategy]

Food for thought.

MicroStrategy did not sell Bitcoin because it lost faith in the asset; it sold to demonstrate that it can turn its hoard into hard cash to meet dividend obligations when required.

IMHO for rating agencies and credit analysts, realised, liquid resources carry more weight than unrealised gains in a volatile asset when they assess coverage and resilience. In that sense, the sale functions less as a change of heart and more as a signal that the company is willing to monetise part of its Bitcoin reserve when its capital structure demands it.

$MSTR

[Against Wall Street @aganstwallst]

Saylor dropped this line back in May:

“We own about $65 billion in Bitcoin. If the market thinks we’ll never sell, credit rating agencies might say it’s not a real asset. Sell just 1 BTC and you can buy back 10-20 more.”

MicroStrategy sold 32 BTC at $77k

If this was about booking profits, they could’ve dumped way more, they’re already deep in the green

This wasn’t profit-taking. It was symbolic.
A calculated move to keep the rating agencies happy while staying all-in on Bitcoin.

Chess, not checkers

What do you think? 👀

bitcoin:native $MSTR

[Dan Gambardello @dangambardello]

If you think Saylor is shorting or bearish Bitcoin because headlines or analysts are telling you so, please read what actually happened.

Saylor is implementing the exact mechanism he's been describing in keynotes for years.

Strategy sold a ridiculously small portion of BTC to fund distributions on its preferred stock. Not because it needed the money, but to prove something.

A corporation is now using Bitcoin the way it uses any high-quality reserve.

What's an insanely bullish thing is being painted as bearish, while crypto is at bear market oversold and PMI is expanding.

Just crazy.