Perma bulls love narratives they can discuss on Spaces for hrs.
4 Year Cycle no longer exists
Super Cycle
Hardest asset
Scarcity
M2 money supply
Nation States buying
Black Window keeps it simple
Levels, Candles, Resistance, Support, Hotzones
Cycle is just long enough for permabulls to repeat the same mistakes.
There are so many young, unqualified people in the crypto industry giving financial advice. They think they are smart just because they bought into Bitcoin early and made some money. But they are also too young to know the old saying, "don't confuse brains with a bull market."
$MSTR launching not just 1 but 4 preferred equities is probably the dumbest thing they could have done
And the only reason they did that is because the company lied about their 21 billion 3 year ATM program which they executed in 3 months. Buying all the BTC above $100k basically.
Some of the worst capital allocation I have ever seen.
Entertaining to the say the least.
$MSTR - STRATEGY'S BITCOIN U-TURN:WSJ
For years, Michael Saylor urged investors to never sell bitcoin—famously saying, “Sell a kidney if you must, but keep the bitcoin.” Now, his company, Strategy, is preparing to sell part of its bitcoin holdings to remain solvent. The irony is hard to miss: Saylor still appears to have both kidneys.