Porter Stansbury put it so succinctly in his latest book. Marxism has been systematically foisted upon the schools, police and culture in America since the early 2000s. Europe followed the exact same blueprint. Europe and the US are absolutely cooked. Most painful thing is it’s all being destroyed with full intention.
@halstonvalencia Hedge funds shorting STRC is not helping its value, but it’s still backed by a boat load of assets. For those with conviction. this is a very juicy, relatively safe 13% yield… Icing on the cake for a swathe of cold storage BTC.
This is just a lack of demand on STRC, punters selling to move into SATA, BITA, etc. Saylor is paying less, and the market is not respecting the collateral offered by MSTR. Should move quickly back to par if Saylor raises the rate to current assumed rate, 13% ish. 86 should be the floor, otherwsie yield would be greater than SATA.
There are plenty of ex-whales currently out, who subscribe to the four year cycle theory. Also some wash trading from Binance, the company has a fundamental motivation for BTC and crypto to survive and will assist on the way up, again according to fhe 4YC. But nobody believes this.
Cardone clearly has a boat load of cash to deploy and is oraying for $50k… True Bitcoiners appreciate when sats are on sale! Realistically, the price is manipulated by wash trading, mainly Binance, so yes I think we’re heading down further. Nothing like hard BTC in cold storage bought at the low.
@PeterSchiff This dump will be over when the clarity act gets voted down. Dimon is behind this dump to convince senators that crypto will cause the previous fiat system to implode…
@martypartymusic Anyone who owes Jamie Dimon a favour is dumping this right now - senators will be easily persuaded to vote it down when it’s imploding like this… CZ is paying off his pardon by doing his bit, as requested by Dimon… In your own words, they will fight like dogs.
@dotkrueger Give us a break, Fred, this is nothing to sow tub Saylor… Senate returns from recess with the Clarity Act at the top of the agenda… Anyone who owes Jamie Dimon a favour is dumping this rigbt now…”Senator, just look at crypto, it can’t be trusted, look how it blows up..”
When the entire global financial system is being rewired for net zero (your words in 2021), it’s hardly surprising none of the system makes sense to anyone. It’s only when you study the debt-based, fiat system you realise it’s just a scam stacked against everyone except a few elites.