My bullish/bearish take on bitcoin is that we shouldn’t blame any entity for buying too much of it, because if bitcoin can be killed by an entity buying it, then it wasn’t meant to be.
If all it takes to kill bitcoin is a bullish entity that likes it enough to buy, then go home.
Stop acting surprised that bitcoin had a large drawdown. Just because it happened many times before does not mean it won't happen again. Patterns can actually repeat, and correlation can, in fact, be causation.
“It’s a massive vacuum. Every single investment bank on Wall Street is out there marketing the anthropic deal, the open AI deal, Google deal the Spacex deal. Everybody has to come up with $400 billion of cash.” - Michael @saylor
Capital is chasing the IPO frenzy. It will revert back to pristine, scarce collateral as technology breakthroughs fuel access and expose moats. The network that doesn’t need a moat wins at the end. #MSTR #BTC
From @TradePMR event.
We spent more than a decade waiting for institutions to adopt Bitcoin. Now they are here, and we complain that adoption is not happening according to the Bitcoin ethos.
Bitcoin is for everyone. Saylor hasn't co-opted the narrative. The set of investors he attracts wouldn't come to Bitcoin for freedom money. In fact, most people who are willing to do the work to understand Bitcoin are already here. The rest will likely come because their financial advisor tells them to.
The goal is to get to a hard money standard. We do not control the path to get there. Exploiting the flaws of the fiat system to accelerate adoption and accumulate the hardest money ever created is not "fake shit."
Finally got a chance to listen to this awesome @PeterMcCormack podcast, where @LynAldenContact gives an absolute masterclass on money, exactly what is going on with central banks and bonds, and where our debt-laden system is ultimately, and undeniably, headed. Cannot recommend this one enough.
Bookmark or go listen now.
https://t.co/mSPtVsWtdi
My latest thoughts on $BTC, $STRC, and $MSTR with @TheBonnieChang and @davidlin_TV at Consensus 2026.
0:00 - Strategy’s Bitcoin sale controversy
0:36 - Why Strategy may sell Bitcoin
3:12 - “Never sell your Bitcoin” explained
4:40 - How Strategy buys more Bitcoin than it sells
6:33 - Michael Saylor’s Bitcoin accumulation philosophy
8:04 - Using Bitcoin liquidity and market arbitrage
11:14 - Responding to Ponzi scheme criticism
13:32 - STRC trading patterns and Bitcoin buying
15:05 - What really drives Bitcoin’s price
17:58 - Bitcoin, macro risks, and Fed policy
19:43 - Bitcoin as digital capital and digital credit
21:52 - Strategy’s dominance in preferred stock issuance
23:09 - AI, digital credit, and Bitcoin’s future
24:36 - Saylor’s childhood inspiration and MIT story