Former private fund management company in fundamental futures strategies with a specialization in indices, metals, crypto and crude oil. Retiring early.
Great read. “Capital fracturing, as I call it, has been a main driver. Simply put, capital today has too many options and too many distractions.” and how this integrates into the #Bitcoin ecosystem.
@JoshMandell6 is better at this, but here’s a go:
Losses are red,
Sentiments are blue,
Amplification is sweet,
And so Rho ν.
NFA: long call debit spreads laddered up/out on $MSTR $IBIT & related. They’re “thick lots” @RangelandCap would yell on the IB desk; wide widths #Bitcoin
Imagine outperforming 99.9% of hedge funds by doing nothing.
Every Bitcoiner that stacked Sats over the past 5 years has smoked nearly every hedge fund in the world.
All you had to do was understand Bitcoin enough to not panic sell it at $15K...
And you've enjoyed a 61% compound annual growth rate for five years.
This is not normal.
But the fact that it's real should tell you that we are living through extraordinary times.
We are watching the monetization of the world's first finite store of value.
And the ones who see this clearly are the ones who benefit most.
All the investors that avoided Bitcoin because it was "too good to be true" or "tulips" or "a scam" or "would be banned by the government" ...
They're all quickly realizing that they were wrong.
And the Bitcoin weirdos were right.
Luckily for them, there's still a 100x left in Bitcoin.
The problem now is that everyone is catching on at the same time.
MicroStrategy has $42 Billion worth of buys lined up.
Goldman Sachs has rapidly built a $710 million position.
And nation states are on the verge of slamming the bid with freshly printed cash.
The threat of a rapid repricing higher is real.
The only logical move now is accumulate as quickly as possible.
Sideways price action is the new dip.
Extended sideways price action like the past 7 months is the new bear market.
But the buyers that are stacking now aren't in the market timing business.
They're in the asset accumulation business.
They know that fiat falls out of the sky when you own assets.
In the TradFi world, asset-backed loans are how you get fiat liquidity.
And soon Bitcoin-backed loans will be the hottest ticket in town.
With a perma-bid from nation states and institutions smoothing out some of the downward volatility, a Bitcoin backed loan will be a no-brainer.
The game is changing right in front of you.
Enjoy the ride 🫡
And thank @BitcoinTarheel and @BobLoukas As a tradfi asset manager who listened early enough to see this nascent asset class become the greatest store of value. I’m grateful that I pivoted early even if it was initially begrudgingly
While the #Bitcoin community is thanking those that were an influence, let me do the same. @alphazeta of https://t.co/mmEhLxzoAf and @SwanBitcoin Look up all of Raphael Zagury’s interviews and work. Thank you. #Bitcoin $BTC I’ll be offline for a while. Wake me up above $150k.
JUGGERNAUT: $IBIT has hit the $40b asset mark (a mere two wks after hitting $30b) in a record 211 days, annihilating prev record of 1,253 days held by $IEMG. It's now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.
Yeah I know it all feels super extended, and you want to lock some profit in before the 3-day plunge you expect just to buy back lower.
It's difficult. But you're thinking emotionally. Risk is 5 more days of this and you're in a very bad place if you do.
Respect the bull.
If you understand @saylor capital plan, then you’ll really understand how accretive his planned purchases of #Bitcoin to a tune of $42B+ AND #S&P500 listing will be to price.