Wealthiest man in the world
“I own Bitcoin”
Founder of the largest asset management company in the world
“I own Bitcoin”
Founder of largest hedge fund
“I own Bitcoin”
Co-founder of the largest company
“I own Bitcoin”
Dude who barely finished 12th grade
“Bitcoin is a scam
ELON MUSK: "It is certainly hard to believe that little company that started in a warehouse in El Segundo is now going public. It was the largest IPO ever, and let me tell you, if people had told me this was gonna happen, I was like, man, you must be smoking some really good crack, because I think this company is gonna fail. I gave SpaceX less than a 10% chance of succeeding at all. To be clear, in fact, I told people this. I said, look, we’re probably going to fail, but you know, should give it a try, because if we don’t, if there’s not a new company that enters space, we will never be a truly space-bearing civilization."
I love the cadence of this chart
Bitcoin % of Supply in Profit/Loss
As I said previously, you start looking for major market cycle bottoms *after* they cross, not before.
They just crossed.
Such a great chart for keeping people on the right side of the market in midterm years
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
Saylor is a genius
Sold 32 Bitcoin at $77,000 knowing the price would crash down to $59,000
He most likely bought thousands of Bitcoin around $60,000 and will reveal it tomorrow
Plausible path:
Bitcoin forms a low in June (like it did in June 2018 and June 2022).
BTC rallies in July
SPX correction later in year which allows Bitcoin to finally bottom (most likely October)
Four year cycle wins again
$BTC chart update
We are now at a very key level, with 60k & MA200 weeks (61.8k) clear support
The coming days will be essential to understand if we have reached the bottom of the bear market or if more pain (50k?) is coming …