For anyone thats worried about ending of the ceasefire w Iran
There will be 20 more plans for ceasefire where each one will pump the market some more πππ
Bitcoin breaks below $60,000
This is the THIRD time it hit this support since Feb
Each time it hits the more likely the support fails
If this does not hold then $50,000 bitcoin is next
I have a serious question.
What happens if STRC doesn't go back to $100?
The way I see it is a follows:
- Holders of STRC receive the dividend regardless of the price.
- If STRC doesn't go back to $100m then Saylor can't sell more to buy BTC.
- That is bad for BTC because the market will realize that the biggest buyer can't raise cash.
-If STRC has one or 2 months where it doesn't hit $100 the market realizes that its not actually worth $100, it could be worth $70, $50, who knows...
- As soon as that happen we get a death spiral of sorts where Saylor has to keep raising the yield to try get it back to $100.
The only problem is that the more he raises the yield , the more BTC he may need to sell...
What am I missing?
Serious comments only please.