Michaela Scholte

"Always live to diva one more day."-Me

[Joe Burnett, MSBA @IIICapital]

Published this thread at $3,500 BTC in January 2019 when Bitcoin appeared to be on its death bed.

Today, November 2022, Bitcoin again appears to be on the verge of death to many outsiders.

Interestingly, its USD exchange rate is 4.7x higher.

[Joe Burnett, MSBA @IIICapital]

Digital Credit is going to reprice the entire fixed income market.

[Joe Burnett, MSBA @IIICapital]

Most of my wealth is in magic internet money, a business intelligence company that fell ~99% during the dot com bubble, a small healthcare technology company, and a Japanese hotel company.

And I sleep great at night.

[Joe Burnett, MSBA @IIICapital]

https://t.co/jHixPXQusK

[Joe Burnett, MSBA @IIICapital]

Every time I reread this, it reminds me that a majority of high-quality assets need to keep rising forever, and that I don’t have enough bitcoin.

[Joe Burnett, MSBA @IIICapital]

What's better than bitcoin?

More bitcoin.

Increasing BTC per share (BTC Yield) is the metric.

Issuing Digital Credit enables accretive bitcoin acquisitions, while short-term stock price volatility (large premiums or discounts) can further amplify transaction accretion.

[Joe Burnett, MSBA @IIICapital]

Digital Credit can be issued to acquire bitcoin (high mNAV) or acquire shares (low mNAV). Both can generate a positive BTC Yield.

Interestingly, the further a stock trades from 1x mNAV (above or below), the greater the potential for accretive transactions.

[Joe Burnett, MSBA @IIICapital]

"Candles have been used for thousands of years. It's ridiculous to think electricity could replace candles as the primary form of lightning."

Gold -> Bitcoin.

Same energy.

[Joe Burnett, MSBA @IIICapital]

The problem with trying to store $30 trillion in gold is humanity will always figure out a way to make more of it.

In fact, about two-thirds of all gold has been extracted since 1950.

For long term savings, it's best to use perfectly scarce money.

21,000,000 BTC.

[Joe Burnett, MSBA @IIICapital]

Learn more about estimated above ground gold stock from the World Gold Council: https://t.co/VUz3iGeHHF

[Joe Burnett, MSBA @IIICapital]

Gold is screaming, so why isn’t bitcoin? with @JoeConsorti

- Why gold is up 62% in 2025
- Global monetary reordering is starting
- Analyzing interest rates in previous cycles
- Why bitcoin’s next breakout could be explosive

[Joe Burnett, MSBA @IIICapital]

Watch, listen, and subscribe:

Apple → https://t.co/qRAYhGdrp7
Spotify → https://t.co/sCLK1mXtnD
YouTube → https://t.co/rUb7sVFEXM

[Joe Burnett, MSBA @IIICapital]

In the grand scheme of history, bitcoin adoption is happening incredibly fast.

[Joe Burnett, MSBA @IIICapital]

I just want to go on the record to say that I think MSTR may become the largest company in the world, perhaps soon.

[Joe Burnett, MSBA @IIICapital]

Bitcoin.

[Joe Burnett, MSBA @IIICapital]

Once the OGs are done selling, we fly.

[Joe Burnett, MSBA @IIICapital]

This gold and silver price action is eerie.

[Joe Burnett, MSBA @IIICapital]

Gold now ~$30.2T ✅

[Joe Burnett, MSBA @IIICapital]

"Our best estimates suggest that around 216,265 tonnes of gold have been mined throughout history. Interestingly, about two-thirds of this gold has been extracted since 1950. This massive increase in production has been due to advancements in mining technology and the discovery of new gold deposits."

https://t.co/ZyqfFkIH5W

[Joe Burnett, MSBA @IIICapital]

Regional banks need to pivot to transparent, simple, low risk, 5x overcollateralized Digital Credit.