@_Checkmatey_@davmk1@adam3us I invested in $MSTR a year ago at 1.7mNAV… my cost basis is well below 1.0 mNAV now, and $MSTR has done exactly what they said they would do
@_Checkmatey_@davmk1@adam3us Fiat is Ponzi adjacent… if you’re saying Bitcoin > $MSTR I wouldn’t argue… if you’re comparing $MSTR to other fiat equities, I think your argument is way off… especially for long term holders. If you look at the definition of a Ponzi, $MSTR is closer to the opposite of a ponzi
Powell: "Bitcoin is not a store of value. It's too volatile"
Reality: Bitcoin is not only the best performing asset in history (and certainly in 2024), it has a HIGHER Sharpe ratio (risk-adjusted return) than the S&P, Treasuries and gold
MicroStrategy is powered by its #Bitcoin treasury operations. We sell volatility through our ATM offerings, strip BTC risk, volatility, and performance from our fixed-income securities, and transfer that performance to our $MSTR equity holders.
Level 5 of the Golden Ratio Multiplier is dual purpose this cycle, mid-top and cycle top.
#Bitcoin formed the mid-top at Level 5 in March 2024, and It seems likely to be hit again before the cycle is over.
The band has increased to $122,000, and it is still climbing.
The party is just getting started!
🔶WOW: BlackRock's #Bitcoin ETF just crossed the $30 billion mark in assets in just 293 days,
FASTEST GROWING ETF EVER!
Gold ETF took 1,790 days to break $30b.
- Bloomberg's @EricBalchunas
In these 20 seconds, I explain why the centralized system trying to control Bitcoin is bad.
If a decentralized spreadsheet is a serious threat to major systems, it shows how weak those systems are.
There are still 2 more phases left to go in the near-perfect #Bitcoin RSI Bollinger Band % Phases.
All cycle tops have come on the 5th move over the .99% value line, and only 3 have been completed.
This includes November 2021 which almost no indicator was able to call a cycle top.
Next is phase 4 when the true break of ATHs comes.
The cycle top is not here, and this long sideways period/correction we've seen is a product of the most powerful mid-cycle move ever.