Things that didn’t exist on Christmas 25 years ago:
iPhone
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Bitcoin
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I have NEVER seen Michael Saylor so emphatically, combatively bullish like this in a media interview.
It's like he wants to say "mfer my company is up $100b in 90 days, and we just raised $10b to buy more #Bitcoin this month. You still asking me about volatility?"
Here's the breakdown:
• MSTR may be the most profitable company in the USA and growing the fastest at the moment
• We've made $5.4 BILLION in $BTC gains in 2 weeks
• Thats $500m a day
• Not many companies make $500m a day
• People don't understand our business
• We are a Bitcoin Treasury business
• We expect Bitcoin to go up 29% a year for 21 years
• Market is buying Bitcoin 20x faster than daily issuance
• We either make $3b on this week's convertible bond, or $30b if Bitcoin does what we expect
• I got a $500m order to buy convertible notes in a 20 minute meeting
• Every Bitcoin you don't buy will cost you $13m in the future (expected price)
For those who weren't around for it, and are wondering what it's going to look like to take down the #bitcoin 100k wall, here's a live video of the 10k wall falling for the first time.
It was glorious to behold (brings a tear to my eyes).
If you're wondering what's happening with #Bitcoin...
Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst...
But, that's not the main story here.
The main story here is that we are 6+ months post-halving.
And that means a supply shock has accumulated. There's not enough supply available at current prices to satisfy demand.
Supply-demand price equilibrium must be restored.
The only way to do that is for price to go higher, which will flywheel into mania and a bubble, but that's how this thing works.
It sounds crazy to say there will be a reliable, predictable bubble every 4 years. But then, there's never been an asset in the world where new supply creation is halved every 4 years.
A post-halving bubble is the result. It's what happened after the 2020, 2016, and 2012 halvings. And now it's taking shape again.
Welcome to the post-2024 halving bull market. This thing goes much higher.
I made this video back in 2018.
Bitcoin was at $6,500.
Ethereum was at $230.
People called me crazy.
If you bought, you changed your life.
Did you follow? 👈🔔