This is my second bear market.
The fall from 69k to 16k was more brutal than this.
And in that time, I bought bitcoin and did nothing.
Doing nothing is probably the hardest thing youโll ever do because humans are wired to be dopamine addicted monkeys.
Itโs just in your nature.
But every cycle seems to teach the same lesson:
The market transfers wealth from the impatient to the patient.
So Iโll keep doing what worked the first time.
Absolutely nothing.
What about you? โฟ
Saylor won't go bankrupt.
The dividend will continue to be paid.
If he has to raise the coupon to 15% to get to par,
he will raise to 15%.
And in the unlikely scenario he can't,
he will either sell BTC or more shares of MSTR.
And in the even more unlikely scenario that fails,
he will just suspend the dividend and wait.
There is no liquidition scenario.
We are quite literally at the absolute bottom of what should be possible and there is objectively $500,000 of opportunity above us.
Fair value according to this model is $165,000.
When bitcoiners say we are undervalued this is what we mean.
We never even had a bull run.
Bitcoin Maximalist: Bitcoin is the dominant digital monetary network: an ethical, technical, and economic breakthrough, and an instrument of economic empowerment. It offers superior property rights, monetary integrity, and hope to those facing economic misery.