@CryptoKaleo@CryptoParadyme It certainly helps if the flywheel is spinning but there’s not really an event which will cause them to collapse. If bitcoin dies, yeah they will die spectacularly but that’s basically the bet
@parkeralewis I don’t hold sata or STRC and just DCA btc but I’m glad these products exist. Once I’m at the stage where I’d like to draw down they’ll make it much easier to forecast what I’d need to cover my expenses.
@StrategyMaxi@ryQuant Maybe he updated his opinion based on new information. In what world would MSTR pump to $1,000 and ASST not be a multibagger itself?
@AdamBLiv I remember punter Jeff talking about the GameStop craze in some early true north eps. He was thinking that could happen to Mstr. What if instead it happens to a company he hadn’t joined yet.
If we see these numbers, we’re not going to see a methodical path to get there :)
One of the interesting things about this is that while they might be much smaller in scale, finally you’ve got someone competing with saylor in a more heads on way. Yes, there are other DATs but none mimicking what they’re doing so closely. They’ll no doubt carve out a portion of the market and you may finally see true copycats enter the space. Pretty wild implications for bitcoin in the next 3-5 years
@twistartups@Jason Bitcoin doesn’t have to do anything. That’s a feature not a bug. Everything else is inherently riskier. Btc is a better product than gold. Why wouldn’t it trade as high or higher than gold? It just has to survive and it hits $1m easy.