Mitchell 🇺🇸🚀

Jesus is King 👑 | 🏋️‍♂️🥩☀️🌊 📈| Author ✍🏻 “The Conservative Case for Bitcoin” 🇺🇸

[Mitchell Askew @MitchellAskew]

I asked @saylor if @MicroStrategy has any plans to publish on-chain proof of reserves

His answer will SHOCK you

“It’s a bad idea.”

- Security Risk
- Irrelevant without also having Big 4-audited liabilities

Check it out 👇

[Mitchell Askew @MitchellAskew]

It’s actually crazy that the average person’s entire net worth is comprised entirely of rotting lumber and drywall, government IOUs, and equity in like 7 companies

[Mitchell Askew @MitchellAskew]

$500m ATM from @Hut8Corp in order to grow their strategic Bitcoin reserve

Are you paying attention?

The @saylor playbook is the new meta.

Use all available tools to acquire as much BTC as possible.

[Blockware @BlockwareTeam]

This is the most important trend in finance.

BTC on the balance sheet is going from "fringe" to "must have."

When the new Financial Accounting Standards Board (FASB) Bitcoin rule goes into effect on December 15th,

the floodgates of corporate Bitcoin adoption will open. 🚀

[Mitchell Askew @MitchellAskew]

Anybody talking about "retail isn't here yet" is clueless

Retail brokies won't be taking #Bitcoin to

- $500k
- $1m
- $10m

Nation-state stockpiles & capital rotation from fixed income is what takes BTC to the stratosphere

Degen days are over

75% drawdowns days are over

[Mitchell Askew @MitchellAskew]

2025:

- More interest rate cuts
- More companies buying Bitcoin
- More institutional investors buying Bitcoin
- More nation states buying Bitcoin
- More long-term HODL'ers being created
- More capital rotation from fixed income

How can you not be hyper-bullish?

[Mitchell Askew @MitchellAskew]

Driving through a newly build suburb in a high growth red state

5 units for sale on one street

Mostly retirees dumping their 2nd property

Nobody is bearish enough on Real Estate

The switch from physical capital (🏠) to digital capital (BTC) is happening right before our eyes

[Mitchell Askew @MitchellAskew]

I can’t get over this lol

Most insane chart in financial history

$MSTR

[Mitchell Askew @MitchellAskew]

I highly doubt a bull market driven by **nation states adding Bitcoin to their strategic reserves**

…will end with a 75% correction

This time is different

This is hyperbitcoinization

[Mitchell Askew @MitchellAskew]

Bro the US is really about to have a

STRATEGIC BITCOIN RESERVE

with 100,000s of thousands of coins

And normies have no idea 🤣

[Mitchell Askew @MitchellAskew]

Unvaxxed
Voted Trump
All in on bitcoin

[Mitchell Askew @MitchellAskew]

“I lost it in a boating accident”

probably won’t a sufficient answer if the IRS knocks on your door

[Mitchell Askew @MitchellAskew]

Spend 4 years aggressively accumulating as much BTC as possible and your life will change dramatically

[Mitchell Askew @MitchellAskew]

Saylor is willing to stomach criticism from the maxi's in order to make Bitcoin "less sketchy"

and provide cover for institutions to deploy capital into BTC and pump our bags

Legend

[Mitchell Askew @MitchellAskew]

Pretty soon,

newcomers will be looking at people who bought #BTC here — post FTX collapse

the same way the class of 2021 looks at people who were around to smash buy the Covid Crash to $3,000

[Blockware @BlockwareTeam]

🚨🔥Bitcoin - Q4 Market Update 🔥🚨

Our Q4 2024 Market Update provides insights into the consequences of multi-trillion dollar annual fiscal deficits.

While disastrous for the everyday person, these deficits are undoubtedly creating bullish tailwinds for Bitcoin and other ‘risk on’ assets.

If you aren't bullish on BTC now, you definitely will be after reading this report

https://t.co/QACCEUGtjA

[Mitchell Askew @MitchellAskew]

Fresh Crabs 🦀

God is good 🙏🏻

[Mitchell Askew @MitchellAskew]

Soon 775,000

[Mitchell 🇺🇸🚀 @mitchellhodl__]

@Not_A_Human333 we share similar interest in crypto?

[Mitchell Askew @MitchellAskew]

Lot's of talk about $MSTR having a high NAV multiple (~2.6x)

It's much higher for some of the public mining stocks

Here are the top 15 miners by market cap:

$PHX.AE: 8.98
$FUFU: 6.44
$WULF: 5.15
$HUT: 3.82
$CIFR: 2.39
$BTDR: 2.34
$MARA: 2.1
$IREN: 1.85
$BITF: 1.78
$CLSK: 1.72
$BTBT: 1.64
$HIVE: 1.37
$RIOT: 1.05
$CAN: 0.75

(based on data from the most recent filings)

($CORZ excluded because they currently have negative net-assets due to bankruptcy problems)

The average is ~2.9x -- but it's quite top heavy with only four companies above this.

Canaan stands out for having a NAV multiple under 1 -- likely due to >$100m in operating losses across Q1 & Q2 of this year