The first trillionaire in human history
- Elon Musk
- Born in South Africa
- Bullied relentlessly as a kid
- Immigrated to North America
- Arrived with a backpack and a dream
- Built Zip2 with his brother
- Sold it 4 years later for $300 million
- Co-founded PayPal with the profits
- Revolutionised digital payments
- Sold PayPal to eBay for $1.5 billion
- Bet everything on Tesla and SpaceX
- Got mocked for electric cars
- Got laughed at for reusable rockets
- Nearly went bankrupt in 2008
- Kept building anyway
- Turned Tesla into the world’s most valuable automaker
- Made EVs mainstream and transformed the automotive industry
- Made reusable rockets a reality
- Reduced the cost of reaching space by 95%
- Sparked the modern commercial space race
- Built Starlink and connected millions around the world to high-speed internet
- Turned SpaceX into the most valuable private company in history
- Bought Twitter for $44 billion
- The world said he overpaid
- He was called reckless, stupid & crazy
- Advertisers fled, media declared it dead
- Critics called it the worst acquisition in tech history
- Renamed it 𝕏
- Rebuilt the platform anyway
- Turned it into one of the most influential platforms on Earth
- Launched xAI and accelerated the global AI race
- Sent astronauts to space
- Is trying to get humans to mars
- Created millions of jobs
- Generated hundreds of billions in value
- Inspired an entire generation of builders
Before:
- Failed repeatedly
- Worked insane hours
- Slept in factories and offices
- Got bullied, laughed at and mocked
- Constantly told “it’s impossible”
- Kept building anyway
- Made it possible
Today:
- Richest person on Earth
- First trillionaire in human history
- Largest IPO in history $1.77 trillion
Most people quit when the world laughs at them.
Elon Musk built the future instead.
Love him or hate him…
Nobody has changed more industries in a single lifetime.
Payments. Cars. Energy. Space. Social Media. Communications. AI.
History won’t remember the people who said it couldn’t be done.
It will remember the people who did it anyway.
Congratulations Elon.
The first trillionaire. 🚀
Michael Saylor: “I’m not proud of this, I’m the only public company CEO in the history of the world that actually lived to see his stock decline in value by -99.8%. My stock went from $333 a share, to $0.42. HODL? You haven’t lived through anything.”
A JAPANESE SUBWAY ENGINEER DESIGNED A SLEEP EXERCISE IN 1927 THAT SLEEP SCIENTISTS COULDN'T EXPLAIN UNTIL 1999.
It takes 2 minutes.
You do it lying down. And the reason it works is something your doctor probably never mentioned:
- THREAD 🧵
Let me tell you the Bitcoin plan no one wants to say out loud.
The rich already understand it.
The government-connected people already understand it.
The institutions already understand it.
Bitcoin will not be allowed to run cleanly until Michael Saylor is tested.
That is the final boss.
They need panic.
They need forced selling rumors.
They need headlines saying Strategy is under pressure.
They need the market to believe Saylor may have to sell Bitcoin to survive.
That will be the bottom.
Not when your favorite chart says oversold.
Not when influencers call support.
Not when retail thinks it caught the dip.
The real bottom comes when everyone believes Saylor is about to get liquidated.
Bitcoin drops violently.
People panic.
Everyone screams bankruptcy.
Everyone says the BTC treasury trade is dead.
Then the real move happens.
Big institutions step in.
Government-linked capital steps in.
Strategic reserve talks explode.
The same Bitcoin everyone was scared of becomes the most important asset on earth.
They crash it.
They absorb it.
They announce the deal.
Then Bitcoin sends the biggest green candle in history.
This is the game.
They don’t want your Bitcoin at all-time highs.
They want it from panic sellers at the bottom.
And the final panic headline will probably have one name in it:
Michael Saylor.
Many people will regret not following me.
This literally happened to me in 2019…and again in 2020. I’m lucky to have a very understanding wife, and after getting rekt the second time, we both shifted our focus to stacking as much bitcoin as possible…which is way easier than trading.
JUST IN: $199 billion VanEck's Matthew Siegel on Bitcoin: "We think this will become a mainstream asset that will compete with other reserve settlement currencies" 🚀
32 coins. $2.5 million. 0.0038% of the stack.
That is the sale the market is now blaming for a $3 billion liquidation cascade and a Bitcoin price nearly halved from its peak.
A $2.5 million sale cannot move a trillion-dollar asset. It is a rounding error. In the same week, Strategy raised $128.3 million selling its own stock, 50 times larger. It did not need to sell coins. It chose to. The crash has real drivers: a record 13-day run of ETF outflows, a rotation into AI, a Fed in no hurry to cut. But the accelerant the market keeps naming is 32 coins.
The coins were never the point. The signal was.
And the signal was deliberate. Michael Saylor told the Q1 call he would “probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it.” His logic was sound: prove the Bitcoin is usable capital, not a vault that can never be opened, and show he is not a prisoner of his own vow. His “never sell” always meant be a net accumulator. He is up more than 170,000 coins this year against the 32 he sold, and he scores himself on one number, Bitcoin per share. By that math, defending the dividend with a sliver was discipline, not distress.
The market read it as the opposite. The dose became the catalyst now blamed for the crash. The inoculation became the infection.
Because what changed was never Strategy’s solvency. It was its identity. The market has stopped pricing a permanent holder and started pricing what the filings always described: a state-contingent allocator now funding its own preferred dividends, at the margin, from the Bitcoin beneath them.
And the buffer is thinning. The cash reserve behind those dividends has fallen from $2.25 billion to $900 million. Against a preferred bill near $1.7 billion a year, that is roughly 6 months of runway.
Be precise. This is not a death spiral. Strategy still holds 843,706 Bitcoin, worth more than $50 billion even now, and has more funding levers than almost any company alive. A real rally makes this a footnote, and the sell-side calling the reaction overdone is not wrong on the fundamentals.
But the regime has changed. The question is no longer Bitcoin’s price on any given day. It is the cadence of the dividend declarations and the path of that reserve.
Bitcoin did not acquire a yield. The wrapper acquired liabilities. This week the market learned that difference costs far more than 32 coins.
I have been in Bitcoin for 10 years.
I have NEVER seen sentiment this bad, on all fronts.
Not 2015, not 2018, not the 2022 collapse.
Something is broken this time, and I think I found out why through 9 charts... 📉
STRC is at $95.20 right now. That matters, and here’s why.
This is the security Saylor sells as stable, trades near $100. But it doesn’t sit near $100 by magic. $95.20 is right down in the zone where, by their own framework, management says they’d recommend cranking the dividend back up to drag the price toward par again.
So let’s talk about that mechanism, because anyone holding this stuff really needs to understand it. It’s called “the ratchet.”
When STRC slips below par, the only real lever they’ve got is the dividend. Fatten the yield, pull buyers back in, nudge the price back toward $100. Sounds clever. Here’s the problem. Every crank is basically permanent. You can’t quietly un-raise a dividend, because the price will drop, and you’re back at square one. So the annual cash bill just keeps climbing. And it’s already been hiked seven times since launch. 9% all the way to 11.5%.
Now ask where the cash for that growing bill comes from. They don’t make money from operations. So it comes from one of two places: issuing more stock, or selling Bitcoin.
See the trap? Price falls, they hike the dividend to defend par, the bill grows, bigger bill means more pressure to issue or sell. In a real downturn that’s not a flywheel. It’s a whirlpool.
And now watch the words, because this is where it gets Orwellian. Saylor used to say “I’ll never sell Bitcoin.” Full stop. Now it’s “I’ll never be a net seller.” Spot the move?
Net seller means he can absolutely sell. He just has to buy more than he sells, BUT AND HERE IS THE IMPORTANT BIT, Oney whatever period he decides to measure, which could be over the last 5 years, or the next twenty.
So the promise already got quietly reworded once to fit what they’re actually doing. The question is simple: does he hold even this watered-down version? Or do we get the next rewrite, where “net seller” becomes some fresh phrase that conveniently fits whatever the structure forces on them that month? We’ve seen this film before. The words keep changing to match the situation.
And here’s the kicker. Even the dividend hike isn’t a promise. It’s a “framework” where management says they’ll recommend a raise, subject to the board, and they can suspend or change it whenever they want. Saylor said it himself about the $100 peg: no legal obligation under the security, it’s just the company’s “number one business objective.” An objective. Not a guarantee.
Look, if you’re going to put money you worked hard for into these perpetual preferreds, at least understand what you’re actually holding. I wrote a full 78-page report breaking down the real risks of these things in proper detail. It’s linked in the first comment below. Read it before you buy, not after. Read the full length report. These are your savings, money you worked hard for.
Am Ende sind die ganzen postindustriellen Bullshit-Jobs nichts anderes als eine Art Tagesbetreuung für junge Frauen, um sicherzustellen, dass diese keine Kinder bekommen.
The primary function that is lost from an underdeveloped prefrontal cortex is impulse control.
We all feel impulses to do bad things, but when you have a more developed brain and higher IQ, you weigh the long-term consequences of taking that specific action, and if they are negative to you/others, you avoid the action.
White Europeans evolved in the north where weather conditions were brutally-cold, which forced the growth of their prefrontal cortex, as long-term thinking was necessary for survival. Those who did not use their brain were quickly culled from the population from starvation during harsh winters.
Africans evolved in the south, where food was abundant and year-round (fruit everywhere, animals everywhere, no need to develop farming, storage, or other complex economic systems), so they were not forced by their environment to grow a larger prefrontal cortex to survive.
This is the simple, biological reason why we see Whites settling their arguments verbally/non-violently, while Africans tend to revert to violence much more quickly.