1.0 BTC = $67,000
Average house price = $357,000
If you buy a house you’re spending 5.3 BTC
If Bitcoin goes to $1,000,000 that’s $5.3M
Do not f*ck this up.
What you don’t understand about $MSTR is that it is not just a software company that is denominating its treasury in #Bitcoin.
@Saylor has, effectively, turned it into a Hedge Fund that is performing a massive macroeconomic arbitrage trade, attempting to capture a multi-hundred-trillion-dollar mis-pricing of debt and equity markets by shorting them against #bitcoin.
Its future profitability therefore exceeds that of #bitcoin because it is not just capturing bitcoin’s price appreciating, but also capitalizing on a short trade of the entire fiat system.
He is doing what Buffett did with a small textile manufacturer-turned-insurance company called Berkshire Hathaway in 1965.
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Part 1/4 🧵👇
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