All those Bitcoin lending companies must be having fun liquidating their clients' Bitcoin right now. They will certainly be adding a lot of selling pressure. The lower BTC goes, the more they need to sell = negative convexity.
@WOLF_Bitcoin_ This has to be true. My timeline is full of crypto shills saying "don't believe the FUD" etc. etc. They have been wrong for 5 years now, and missed massive wealth gains in stocks. But they are still as bullish on crypto as ever. Bearish.
@MilkRoad This is literally nonsense. STRC is trading around 94. The market is telling Saylor that he has to materially increase the dividend (again) or it has no interest in buying more. But Saylor can't increase the dividend, because he is rapidly running out of cash.
@MilkRoad@Jamie1Coutts AI agents may well invent ways to transact, but they certainly won’t pay to use the crappy VC-owned networks out there currently. No AI is going to use something crap like Solana is it?
@OffshoreHODL@saylor Dude. Seriously? Repurchase STRC with what? Saylor is running out of cash. He must hugely regret that terrible decision to repurchase the convertibles now.
@PeterSchiff@saylor Agreed. If Saylor suspends the dividend on STRC and it goes to 30-40, surely the SEC or DoJ will step in? The Saylor / Bitcoin worshippers (it is the same thing now) are not factoring in what happens to MSTR / BTC with Saylor behind bars.
@scottmelker This makes pretty much no sense. All Saylor is doing is pretending to create "yield" where no yield exists. That trick has been tried a million times in history, and has never once for a sustained period, but heck, maybe this time is different?
@Kylechasse Out of interest, how much do you get from the Sui VCs for these posts? I know Raoul Pal gets a ton of revenue from Sui VCs for shilling it (they still have $5 billion of tokens left to dump on retail). I hope you are getting a similar deal?
@AshCrypto Nonsense. You have 2.1 million followers. VCs will pay you handsomely to shill their “tokens” to dumb retail. The future is very bright for people like you. And lucrative.
@MilkRoad@BarrySilbert Weird how Raoul Pal never talks about his older “allocations”. In 2032 claimed to have allocated $425,000 to buy a Bored Ape. Funny how he never mentions it anymore.
@SimplyBitcoin It is a bit sad seeing people like Matt Kratter. He is a innocent in a fallen world. There is no chance Bitcoin will ever be taken seriously as money now. He should switch his attention to a new project.
@pete_rizzo_ That take is nonsense. Saylor just proved that the rating agencies were right all along. He sold 32 coins and his balance shrink by more than 10%! What do you think will happen to the price when he sells 100k coins?