People call it luck.
In 2017, I sold my house for 100 Bitcoin.
Since then, Bitcoin has crashed more times than I can count.
The difference wasn't luck.
The difference was not selling.
#Bitcoin#HODL#TheBitcoinFamily
When I gave this speech in October 2022, Bitcoin traded near $20,000, Strategy held 130,000 BTC worth about $2.6 billion, and $MSTR was ~$24 split-adjusted. Weeks later, after Bitcoin fell below $16,000, our debt exceeded the combined value of our BTC and cash reserves by ~$300 million, and $MSTR fell into the $13 range by year-end.
We stayed focused, strengthened the company, and executed our strategy. Since then, Strategy has raised over $60 billion of additional capital and invested it in Bitcoin, adding more than 716,000 BTC. Today, our BTC and USD reserves exceed debt by ~$48 billion. Thank you to everyone who believed, endured, and took the long view.
@CryptoCX1@midjourney Don’t think it’s US. I think it’s a whole body CT while immersed in water that takes about 60 seconds and is supposedly radiation free.
Strategy has acquired 1,550 BTC for $101 million to increase our $BTC Reserve to ₿845,256. We have also increased our USD Reserve by $100 million to $1.0 billion. $MSTR $STRC https://t.co/1Zf1AVsP1H
Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.
BREAKING: Four-Star LB Toa Satele has Committed to Oregon, he tells me for @Rivals
The 6’3 225 LB from Mililani, HI chose the Ducks over Texas, Cal, and Notre Dame
He’s the No. 4 LB in the 2027 Rivals Industry Rankings
“Just to be able, is a blessing”
https://t.co/mWmhWbHatq
Let me trace the timeline here because nobody's connecting it.
Step 1: Scrape the entire internet. Every book, every article, every conversation, every piece of art, every forum post. Do it without asking. Do it without paying.
Step 2: Train a model on all of it. Call it "artificial intelligence."
Step 3: Go to BlackRock's Infrastructure Summit and announce: "We see a future where intelligence is a utility, like electricity or water, and people buy it from us on a meter."
Step 3 is where you sell people's own knowledge back to them. On a meter.
They took the collective output of human thought, compressed it into a model, and now they want to charge you by the token to access a version of what you and everyone you know already created.
One Reddit user put it perfectly: "They stole all this data from us, the people, our life's work, creativity, art, by devouring the internet and blowing through all copyright laws. Now they want to sell it back to us in the form of a utility."
Imagine if someone photocopied every book in the public library, burned the library down, and then opened a subscription service for the copies.
That's the metered intelligence business model.
And they're pitching it to infrastructure investors as though they invented water.
Back in late 2020, I spoke with Michael Saylor and asked him why Bitcoin destroys every other store of value.
His answer will change how you think about money forever:
There is $250 trillion in global assets and every single one of them has the same fundamental problem when you look closely enough.
Your real estate is immobile, illiquid, and taxed annually without exception and half of all commercial real estate is structurally impaired from COVID with at least a decade of uncertainty still ahead.
Your bonds only work when interest rates keep falling and that game has a mathematical floor because the moment rates go negative everyone pulls their money out simultaneously and the entire mechanism that made bonds attractive for four decades inverts overnight.
Your equities get taxed at every single layer of existence:
> revenue gets taxed as sales tax
> cash flows get taxed as income tax
> expenses get taxed as payroll tax
> trade gets taxed as tariffs
(plus regulatory risk sits on top of all of it)
And when the price rises by a factor of ten it does not become safer, it becomes more dangerous because it is delaminating from its fundamentals and any disappointment from that point causes catastrophic volatility.
Here is what most people never understand about money:
Every traditional store of value you own is a vertebrate and if you are a vertebrate you can be killed with a needle because there is a headquarters, a jurisdiction, a regulator, a court that can reach in and end it.
Bitcoin is a swarm of hornets with no headquarters to raid, no jurisdiction to exploit, no CEO to arrest, and no regulatory throat to cut because there is no throat.
Your money should be a single celled organism, the base layer of the ecosystem, not a vertebrate with a backbone that can be decapitated the moment it becomes inconvenient to the wrong government.
Bitcoin is the only asset that structurally solves the problem every other asset you own creates:
@BTC_for_Freedom I care about BOTH. The whole “sports make the masses numb” is stupid. These idiots out here will still be idiots if you stop the sports.
Held Bitcoin for 11 years 🟠
- Watched it go from pennies to six figures
- Watched every "expert" call the top a hundred times
- Watched my portfolio go from 4 figs to 7 figs
Still here. Still positioned. Still right.
H I G H E R.