The Case for @Stacks: Yield and Income
Why you should own some 👀 $STX now. If you know what's coming.
By now you should understand the base value, and long term price action, of #Bitcoin and #Stacks.
Between ~$200 and $450 $STX this cycle, is my expectation right now.
If you have $STX tokens either on @StackingDao or #Stacking to earn #Bitcoin, then you'll be earning in FIAT safe, debasement safe, assets (#Stacks or #Bitcoin).
Let's take your 42k $STX tokens example with @StackingDao. Courtesy of @RDRCspaces.
At a conservative 4% (@StackingDao is ~6.35%) yield, that's 1,680 $STX a year. (well above the 1,500 mark).
At $200 per $STX, your ~4% yield is earning you $336,000 stacking compounded into $stSTX.
That's just the beginning. #ETH, #SOL and other chains bridged and #Nakamoto + $sBTC incoming to #Stacks.
@ALEXLabBTC 👀👀
Very soon we'll see the early investor stage rip, bringing institutional money to #BitcoinDeFi after #Nakamojo upgrade, and the #sBTC upgrade. That's this cycle. Initiate first face melting rally. You'll wish you didn't miss this.
You'll think you missed it like #Ethereum at $200 or $SOL at $12.
Then before you know it, alongside #Bitcoin, it's another face melting move with new businesses being built to cater to all users and generate real value with and on sound money. This comes when #Bitcoin flows to #BitcoinDeFi.
That can also happen this cycle (4 year, not just the bull cycle). #Bitcoin either continues in cycles (above valid) or we break and just go up, in which case where do you think #Stacks will go.
Not bullish enough. Don't underestimate #Bitcoin, #Stacks or $WELSH.
P.S. just for reference, #Stacks $STX at #Ethereum's marketcap is ~$300 right now, and ~$400 at #ETH's all time high.
P.P.S. Global #BitcoinETFs incoming unlocking more flow so more countries can hold #Bitcoin to protect themselves.
P.P.P.S.: Did I mention the #Halving? No? Ok, the #Halving will be a huge driver, along with price, for buyers. Especially #ETFs 📺🧠👀.
#Bitcoin #Stacks #BitcoinDeFi #BitcoinETF #BitcoinETFs #Halving #Halving2024
In the past years we have seen teams in the Bitcoin ecosystem fall by the wayside, give up, fail, rug and more.
@Stacks has the longevity factor and has the track record to match, distributing 4200+ BTC to $STX stakers
The market has been brutal but the project still has the direction and vision to scale and grow Bitcoin and that counts for a lot. There is the Labs entity, a competitive budget and passionate and talented people to execute this vision.
Self-custodial Bitcoin Staking is what brings the next wave of serious capital in. It's clearly where the market is headed.
The knock-on effects reach the whole ecosystem: more liquidity, volume and fees for existing users and builders, and a far more attractive entry point for newcomers. (I wrote in more detail about this recently on @tenero_io and have been talking about it a lot also).
Regarding the SIP and specifically the emissions side - temporarily returning to the original schedule strengthens miner bids and therefore yield, which is what bootstraps the launch.
Doing it this way keeps the endowment budget intact so Stacks Labs can hold current deals and plans in place, which is exactly what's needed for ecosystem growth. A lot goes on behind the scenes here that isn't seen publicly and activations with large scale partners don't just magically appear.
I'm personally supportive and believe this is a necessary change to take Stacks to the next level via Bitcoin Staking.
Ultimately the proof will be in the pudding and I say this as a long term Stacks holder.
Stackers: A new SIP draft (PoX-5) is live, proposing Bitcoin Staking on Stacks.
This is your opportunity to read, ask questions, and weigh in: https://t.co/QmuMqd6SW8
Join us here on Friday for SIP Office Hours to learn more from the authors and ask questions!
Excited to be sharing the first draft of the PoX-5 SIP, the proposal that introduces Bitcoin Staking to Stacks.
We invite feedback from the community and core contributors before it moves to a ratification vote.
Read the draft and share your thoughts:
https://t.co/VQzpwpHPv3
A SIP draft for Bitcoin Staking on Stacks is live on the forum.
Check it out 👇🏼 and give your feedback.
Very important. No matter who you are, your views can impact it.
$GOOG's proposed $80B capital raise includes a $15B convertible preferred and a $40B ATM. Financing tools popularized by $MSTR to acquire Bitcoin are now being used by a Mag 7 company to build AI. AI and Bitcoin are the digital rails of the future.
💥BREAKING:
🇺🇸 Trump: Iran has agreed to never possess a nuclear weapon.
He also believes a meeting with Ayatollah Khamenei could take place in the future.
🔥TRUMP: U.S. COULD LIFT IRAN BLOCKADE BY LABOR DAY
Trump says talks with Iran are ongoing and that it has agreed to not have a nuclear weapon, per podcast interview.
He added that Supreme Leader Mojtaba Khamenei is approving talks behind the scenes that a meeting could happen at some point.