Coach Zynx

Austrian Economics | Bitcoin is Noah's Ark | Advisor FalconedgePlc

[Zynx @ZynxBTC]

250 years ago, America declared independence from a distant power that taxed its people without their consent.

This week the US money supply surpassed $23 trillion. It took nearly 200 years to reach the first trillion. The last trillion took less than a year.

The great irony is that the modern money printer achieved what no king ever could... debasement without representation. A silent tax on every dollar earned and saved, levied without a single vote being cast.

The founders fought for financial sovereignty and somewhere along the way it was surrendered to a money that is constantly debased. This time a different revolution is required.

It does not need armies or declarations. It needs individuals choosing sound money until the printer no longer matters.

Bitcoin is that revolution.

[Zynx @ZynxBTC]

Removing Capital Gains Tax from Bitcoin is the single most important thing we can do for Bitcoin adoption.

It will allow Bitcoin to be used as money and incentivise people to save in Bitcoin over assets such as Real Estate.

I will keep repeating this.

[Zynx @ZynxBTC]

Bitcoin is back at $62,000.

The green days are always fun.

I no longer see calls of $BTC to $200,000 on the timeline anymore but the calls for $40,000 have also decreased.

Make of that what you will.

Permanently bullish on Bitcoin.

[Zynx @ZynxBTC]

This is why Bitcoin is so important.

The average tenure of companies in the S&P 500 keeps declining.

In the 1960s a company stayed in the index for an average of 33 years. Today it is under 15 and falling. The forecast is that half of the current S&P 500 will be replaced within the next decade.

Think about what that means for equity investors.

Every company you own is in a permanent knife fight. Competition, disruption, technological obsolescence, regulatory shifts, management failure. Even the greatest companies eventually get displaced.

Kodak, Nokia, Blockbuster, Sears. All were once considered untouchable.

Equity is a claim on a business that must continuously outcompete everyone else to survive.

Bitcoin does not have this problem.

Bitcoin does not need to out-innovate anyone. It does not have a management team that can make bad decisions. It cannot be disrupted by a faster competitor because its value is not in features. It is in its monetary properties.

Fixed supply, decentralisation, censorship resistance and neutrality.

Bitcoin is permanent capital while equities are temporary claims.

This is why Bitcoin deserves to be the base layer of every portfolio. Everything else requires you to keep picking winners forever.

[Zynx @ZynxBTC]

Strong day for $ASST.

I think it's clear by now that the stock offers the highest Bitcoin beta in the equity market.

This means when the Bitcoin bear market is over, I expect it to deliver the most amplified returns when Bitcoin rises.

$SATA has recovered nicely and is trading at $98. I suspect it won't be long before it's trading at par again.

It's just a waiting game now but I expect us to go much higher when Bitcoin starts moving.

[Zynx @ZynxBTC]

In the bull market everyone wanted to buy Bitcoin at $60k.

Now we are in a bear market nobody wants to buy at $60k.

This cycle repeats ad infinitum and when $BTC is at $1 million there will be those wishing to buy at $900k.

The best time to buy is always when it feels hard.

[Zynx @ZynxBTC]

The demise of $MSTR has been grossly exaggerated.

>mNAV is back above 1.1
>STRC is back above $90.
>USD reserve has increased to ~18 months ($2.55B).
>Stock is up 22.96% over the last 5 days.

It's important to ignore the noise if you want to make money in the long run.

Last week they tried to convince us that a collapse was imminent when the truth of the matter is Strategy's balance sheet has never been stronger.

Funny how that works.

[Zynx @ZynxBTC]

It's going to be a good day for Bitcoin and $BTC related equities.

All the doom and gloom of last week will be swiftly forgotten as always.

People make the mistake of coming to permanent conclusions in temporary market conditions.

[Zynx @ZynxBTC]

One of these days will be the last that bitcoin:native ever trades below $60k.

I will have no regrets because I have been buying at these levels instead of trying to time the pico bottom.

If everyone is waiting for the same <$50k price in October then it's probably not happening.

[Zynx @ZynxBTC]

Strategy's most junior preferred $STRD is up 14.32% already since this post.

Expecting this to trade up to $70-80.

$STRD is always hammered the most when people panic as it's the "junk bond".

So much money to be made when people panic.

[Zynx @ZynxBTC]

Strong day for $SATA.

With the new update, shorts not only have to pay 70% APR but could get their wings ripped off if Strive decide to pause issuance at $100.

Who knew daily dividends at 13% annual yield would be popular.

[Zynx @ZynxBTC]

The $STRC and Strategy bears are sweating.

Still a way to go but we were promised a death spiral and imminent collapse.

Not hearing much noise from them anymore.

Funny how that works.

[Zynx @ZynxBTC]

Today is the ex-dividend date for $STRC.

Despite this, it is trading up.

Increasing the USD reserve to 18 months has been well received by the market.

As predicted, the naysayers have all disappeared but will surely be back to engagement farm at the next volatility spike.

[Zynx @ZynxBTC]

Interesting question posed by Strive.

I voted against this for the following reasons:

1) The shorts are already paying 70% APR which is clearly unsustainable.

2) Simplicity is key. I think an additional layer of complexity might deter some fixed-income investors looking for simplicity.

3) People building on top of $SATA will be focused entirely on managing the downside volatility, having to potentially manage some upside volatility is not ideal.

I see the argument that by not capping issuance always at $100 would deter some shorts, but the magnitude is unknowable and I am not convinced it justifies the added complexity.

Either way, I will support whatever decision the team makes.

Bullish on $ASST.

[Zynx @ZynxBTC]

There appears to be consensus forming around bitcoin:native heading to $40-50k.

Bitcoin Twitter very rarely gets things right as a collective.

Either way, I would not be waiting around for the perfect entry.

Does it really matter in 5 years whether you bought at $58k or $48k?

No.

[Zynx @ZynxBTC]

Update:

Be prepared for bitcoin:native to trade between $50-60k for the rest of summer.

If it does, make sure it's a summer to remember by stacking as much Bitcoin as possible.

You will not regret it.

[Zynx @ZynxBTC]

Strategy have abandoned the 30-day VWAP guidance for deciding STRC's yield.

"Going forward, Strategy intends to evaluate the STRC dividend rate monthly based on a range of factors, including STRC trading levels, market yields, credit spreads, BTC price and volatility, USD Reserve coverage, capital market conditions, and the Company’s overall capital structure".

Much better.

I'm glad they took action.

Bullish on MSTR.

[Zynx @ZynxBTC]

The real gains for $MSTR will come in the 2030s.

&gt;No debt.
&gt;Bitcoin integrated into financial system.
&gt;Bitcoin above $250,000.
&gt;1-2 million Bitcoin on the balance sheet.
&gt;In the S&amp;P 500.
&gt;Massive adoption of STRC and other Prefs.

The next 10 years are going to be incredible.

[Zynx @ZynxBTC]

Update:

I am down 7.47% on my $STRC trade.

If I hold for 12 months and collect dividends at the new 12% rate (from July), and $STRC returns to par, my projected total return is 22.87%.

My June dividend will bring my effective loss to ~6.4%.

The receipts will be delicious.

[Zynx @ZynxBTC]

The thesis for $MSTR is simple.

Saylor is betting the CAGR of Bitcoin will be higher than his cost of capital which is 12%.

They are executing a carry trade on Bitcoin.

If you're bullish on Bitcoin, you should be bullish on Strategy.

The bears are going to be destroyed.