Here's the crazy thing about BTC since Trump has taken office i.e. over the last 14 months.
Saylor has bought 2% of all BTC supply and campaigned harder than anyone possibly could do looking for marginal buyers / "greater fools" to push it higher.
He's engaged in financial alchemy, non stop relentless gaslighting of the public via every media channel possible, heavy handedly left giant execution footprints (some would call it intentional price manipulation) forcing it up, he's gotten hundreds of copycat companies to cookie cutter the "treasury strategy," he's tried to convince governments globally to buy it at all time highs, even campaigned in person at the White House directly to the President to amend regs and buy it as a government balance sheet "strategic" investment..,
... and whats the Price Action?
BTC is flat since the 2024 election result AND down 30%+ since Trumps inauguration day.
In trying to build a greater fool strategy, Saylor himself has ironically become the greater fool. There is no marginal buyer. HE WAS the marginal buyer, that took it from 60K to 120K, and now he's underwater, with capital markets likely shutting him out (no ammo) and left holding the bag with nowhere to turn for a bailout.
... and remember all this has happened with the backdrop of a rate cutting cycle. The most accomodative monetary policy environment possible you could hope for as a BTC holder.
Meanwhile millions of Retail Trader Wojacks globally are on their knees praying for a miracle for it to go up.
This is a modern day comical nihilist disaster / tragedy.
What a mess! 🤣
@mauritsneo Its so funny that you couldve fomo shorted btc the whole day and you wouldve made money but you are trying to time a relief bounce long position😭😭
@firewire7777@ZARUniversal@LunoGlobal@EasyEquities@sanlam Agreed, I love the technology ,I had an instance where i couldnt withdraw money from an exchange because of the min limit I then just transferred to another exchange using the blockchain and was able to get my money out in minutes♥️
@firewire7777@ZARUniversal@LunoGlobal@EasyEquities@sanlam Thx for this, I was researching more on stablecoins and saw that u are absolutely right . The biggest issuers like Tether and circle just buy Bonds and issue the full amount of the bond + the interest of the bond
@KeenanCarelse@ZARUniversal@LunoGlobal@EasyEquities@sanlam@grok Heres a real world use case for us South africans: Have u ever tried to send money to ur buddy on a weekend only for traditional banks to pause the transaction until the next business week? While now y can send and receive money on weekends and transfers take mins not days
@Dom_p_don@ZARUniversal@LunoGlobal@EasyEquities@sanlam They arent investing in anything its not a security, Its an infrastructure for payments , interbank transfers and settlements will take minutes instead of business days
@DonAfrikha@colinkganakga@talkcentss Bro most of these guys have no clue of what they are talking about , People are talking about investing in Stablecoins and calling it a memecoin lol😭😭