cryptoviet.eth

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[Phong Le @phongle]

Bitcoin is Freedom

I spent the last few weeks in my motherland, Vietnam. The country has transformed since my family escaped in 1978. It is more prosperous, energetic, and ambitious than the Vietnam I left behind. A young population, rising investment, and global aspiration have created extraordinary momentum.

And yet one thing remains clear. For many in Vietnam, the ultimate dream is still America. And if they cannot make it to America, they want to wear American brands, eat American food, listen to American music, and exude American confidence.

My trip to Vietnam reminded me of this, and the World Cup has made it visible on a global stage. America remains not only a country people admire, but a place people still want to reach, represent, and belong to.

The United States remains the land of the free, the Wild Wild West, and the home of the American Dream. Walmart and Waffle House. Boston and Austin. Silicon Valley and Wall Street. A country where people can still rise from welfare to extraordinary success through hard work, ingenuity, risk taking, and some luck.

My family experienced that promise directly. We arrived in America as refugees, sponsored by a Catholic church in Syracuse, New York. We received public assistance, food stamps, and free school lunches. My father worked three jobs. We lived frugally and dealt with poverty and racism. America was not easy, but it was open. It gave us a system where effort, education, entrepreneurship, and perseverance could compound.

This is America. The world still aspires to be like us.
What has made America successful over the last 250 years is not accidental. It is a principled Constitution, geographic scale, abundant resources, and a culture of liberty, capitalism, entrepreneurship, and reinvention. Other nations try to replicate the recipe, but often waver. Interventionism, bureaucracy, corruption, and ego get in the way.

Which brings me to Bitcoin.

Bitcoin is the United States of money. It aspires to do for money what the American Constitution aspired to do for government: create a system governed by transparent rules rather than the discretion of individuals. Built on a principled white paper, digitally enforced scarcity, and proof of work, Bitcoin is digital capital governed by code, energy, and consensus.

But beyond that, Bitcoin is hope.

It provides hope for those who have worked hard for their money and want to protect it from monetary inflation. It provides hope for those born in countries without reliable rule of law or economic freedoms. It provides hope for anyone seeking protection, opportunity, and a form of property that does not depend on geography, politics, or permission.

I was born in the year of America’s bicentennial. Fifty years later, the future of American dominance is being questioned. I have no question. The United States of America is the greatest country in the world.

My life is proof of what America makes possible. I left Vietnam as a refugee, grew up poor in America, built a career through education and hard work, and now have a wonderful wife and three children. That is the American Dream to me. It is not just wealth. It is freedom, family, opportunity, and the ability to determine your own future.

That is also why Bitcoin resonated with me. I found Bitcoin because it reflected the same principles that shaped my life: clear rules, individual sovereignty, property rights, resilience, open competition, and long-term conviction.

America gave my family freedom through a country. Bitcoin offers individuals monetary freedom through a network. One opened the door for me. The other opens a door for anyone, anywhere, to protect the fruits of their labor.

That is why Bitcoin is freedom.

[Phong Le @phongle]

As $STRC approaches its first birthday, its market continues to deepen and mature.

[cryptoviet.eth @cryptoviet_eth]

@Tuyen_Crypto10 toàn mấy ông nhận tiền fud rồi pr cho cái dịch vụ cash out tự nhận là hợp pháp thôi

[cryptoviet.eth @cryptoviet_eth]

@Yusei_ETH sao của mình nó tính 300k 12% chứ ko phải 300 nhỉ

[cryptoviet.eth @cryptoviet_eth]

@0xAshveil @minh_tuan88 vay tiền bằng STRC rồi pha loãng cổ phiếu MSTR, âm thầm rút tiền của crypto một cách hợp pháp

[cryptoviet.eth @cryptoviet_eth]

@saylor fuck you scammer

[cryptoviet.eth @cryptoviet_eth]

@saylor @Strategy where is #STRC

[Parker @TheOtherParker_]

Jfc, why is $STRC crashing still.

Especially with $BTC up, cash reserves at Strategy growing $100M/wk, bi-monthly dividends now in place, and $SATA trading really well.

I think someone (or a group) is shorting. We'll call them "Jane Soros" (JS). We won't know for sure until the short interest report comes out around the end of the month, and even then, we may not fully know if (a) the short is closed intra-period and (b) the short used derivatives.

$STRC is an especially attractive stock to short, because it has a soft-peg of $100, but that only exists in the minds of the roughly $8B in retail capital holding it. There's no formal mechanism to push the price to $100. Increased dividends help, but it's not a forcing function, the market still needs to bid.

Shorts make all of their money when they convince the other side of the market to capitulate. When shorts push the price down, every order that they fill against is a share that they will need to buyback later, likely at a higher price. So, the only way they make money is if they convince the other side to capitulate at the bottom, giving the short the exit liquidity they need to cover (buyback the shares).

This is why shorts have a field day in crypto in general, because it's heavily retail dominated and easy to move emotions around (or stop hunt or liquidate).

The situation is especially bad with STRC though, because there's the expectation that it'll trade mostly at $100, so even a 5% deviation from that appears catastrophic to the narrative and can cause people to capitulate.

Additionally, there are multiple crypto projects, including @apyx_fi , that are built on top, which could create a cascade of selling if people start to bail there.

STRC is also the perfect instrument to short because (a) the cost to short is effectively zero if timed correctly and (b) the Strategy ATM provides a cap on losses.

So, let's take a look at the JS strategy here:
1. Start to build the short position immediately after ex-dividend on May 15 - an especially good ex-dividend because it occurred on a Friday with lower liquidity, so easier to start to push the price. This would be a slow build though, not a huge short immediately.
2. Continue building the short position over the following weeks - the outright cost to borrow STRC is about 60bps (0.6%).
3. BTC rolling over creates the catalyst/fear condition to really push this, accelerate the selling.
4. Continue selling until June 5, and then start to cover into the close (we saw the June 5 close bounce). Cover more on June 8 as ex-dividend approaches.
5. After the bi-monthly vote passes and ex-dividend approaching doesn't seem to be completely resolving the price back to $100, reaccelerate the selling.
6. Make a risk/return calculation that continuing to short through ex-dividend and paying the ~1% is worth the potential profits of pushing the price down to $90 and covering there as more retail capitulates.
7. Cover before the end of the month when Strategy likely announces a dividend increase and employs additional tools to help push the price back to $100.

This risk is always capped at average_short_price - $100, because everyone knows that $100 is the ceiling. With normal shorts, losses could be infinite, so shorting is a very risky game, but that is not the case here. So, if average short price is say $97, and JS can cover at $90, then JS could make $7 on $3 of risk. >100% risk/reward on a 2-4 wk trade. Not too shabby.

$SATA is much more insulated from this because (a) the daily dividends make it MUCH more expensive to short, because JS would have to pay the dividends as part of the cost to short every day instead of closing out the position intra-dividend-period. SATA is also much more expensive to short outright, currently 460 bps (4.6%) instead of the 60 bps for STRC. So, the daily short cost for SATA is 1760 bps (17.6%) annualized while the daily short cost for STRC is 60 bps annualized.

So, how does Strategy fix this situation? First, move to daily dividends - this meaningfully increases the cost to short. Second, raise the dividend to increase the cost to short. Third, continue rebuilding the cash buffer to shore up confidence and bring retail demand back. Fourth, consider announcing a change in ATM strategy to allow the price to go above $100 - this meaningfully changes the risk calculus for the shorts.

The ultimate goal is to create a product that is maximally difficult to manipulate by the shorts. I have full faith that @saylor and team can resolve this situation in time. I am also certain they are keenly aware of these dynamics.

So, if you're holding STRC, just have a little patience. Collect the dividends, scoop a little more if you want, and go touch grass.

Panic selling is what the shorts want you to do, because that's their only way out.

[cryptoviet.eth @cryptoviet_eth]

@BiXunSn18049920 @sherryonchain @binance mã này là của vinfast ipo bên mỹ lâu rồi, ko phải mã vic vingroup của chứng việt

[cryptoviet.eth @cryptoviet_eth]

@HakResearch mình thấy nhiều ví tầm trung đã unstake susdat chấp nhận lỗ 4% , khả năng là sau đó họ sẽ buy btc để bù vào khoản lỗ thay vì đợi strc về peg 100

[cryptoviet.eth @cryptoviet_eth]

@Quocco98 giống mình, tự dưng có tick xanh gần đây mặc dù ko mua, trước đó cũng có mua hồi tháng 2 xong huỷ rồi

[cryptoviet.eth @cryptoviet_eth]

@MengLayer @saturn_credit @kevinlhr00 Oh, thanks. X automatically translated it into my language, so I couldn't see the link at the end of post 😂

[Saturn Foundation @saturn_credit]

Gravity Points Allocation: Season 1

To accelerate $STRC expansion in DeFi, the Saturn Foundation may allocate up to 5% of the initial token supply to Season 1 participants.

Conditioned on the launch of the Saturn governance token.

[Michael Saylor @saylor]

$MSTR announces Q1 2026 results:
- 818,334 $BTC held
- 9.4% BTC Yield achieved YTD 2026
- $STRC scaled to $8.5 billion in 9 months
- Largest US equity issuer, raised $11.6 billion YTD 2026
https://t.co/0vrqUsTGCM

[cryptoviet.eth @cryptoviet_eth]

@worldlibertyfi fuck you wlfi

[cryptoviet.eth @cryptoviet_eth]

I find @saturn_credit really interesting. No one has built a project like this before. It could become a new narrative in crypto. TVL is growing very fast. I’m just holding sUSDat to earn a 10% yield.

If you’re joining, make sure to use my referral code SAT-1E1879A3. Everyone gets extra bonus points that way.

[cryptoviet.eth @cryptoviet_eth]

@0x8686 @Ryker_Crypto @bachkhoabnb sao dám tiết lộ bí mật quốc gia

[cryptoviet.eth @cryptoviet_eth]

@HakResearch earn trên aave an toàn quá nên nó ko buff point cho đâu, còn nhét vô tụi kia nhìn dapp nào cũng lỏ ko sớm thì muộn cũng có chuyện