The real genius is Saylor made $MSTR the product with appeal for EVERYONE.
Do you like #Bitcoin? Buy MSTR stock.
Do you wish you could borrow money at less than 1% and buy Biticoin, but you don't have access? Buy MSTR stock, let them keep doing it for you.
Do you hate #BTC? Short MSTR stock.
Do you like Bitcoin, but lack confidence in the MSTR strategy? Buy Bitcoin, short MSTR.
Don't care about Bitcoin, but like volatility? Trade MSTR options.
Like options pricing inefficiencies? Trade MSTR options spreads.
Convertible Arbitrager? Short MSTR and buy the convertible bond.
Fixed income investor? Buy the MSTR bonds.
Want to buy Bitcoin at all time highs, but minimize your downside? Buy the bond in MSTR which basically has 10:1 collateral.
Finance giga brain? Combine all these options and create your own product.
If you love Bitcoin, you root for them to buy as much Bitcoin as possible and wanting them to succeed.
If you hate Bitcoin, you are rooting for them to buy as much Bitcoin as possible but hoping it fails.
Now add in the rabid supporters buying up the low float shares.
Now add in @PunterJeff's impact of SP500 inclusion and the passive flows.
You have a universally appealing asset with diminishing share availability trading billions in volume a day.
Buckle up, none of us are ready for what comes..
The Saylor $MSTR playbook as described by Saylor himself:
- Sell the 100 vol asset (shares).
- Buy the 75 vol asset (#BTC).
- Lever up the 75 vol asset to recreate a 100 vol asset.
This creates a volatile balance sheet, which creates a volatile stock. The volatile stock creates the demand in the options market, which in turn creates the opportunities to borrow money at under 1% for 6 years to buy more #Bitcoin.
I don’t think people have truly appreciated the level of strategy that Saylor has displayed. It also shows that the stock is going to swing wildly BY DESIGN to keep the cycle going.
So be calm on the dips and listen to his recent interview over and over. The level of brilliance and financial market comprehension on display here is truly awe inspiring.
#Bitcoin never has to be the on the street medium of exchange as long as continues to be the pristine store of value against fiat currencies it has proven to be.
🇦🇷 An Argentinian man found his grandmother's savings 18 years after her death. See image.
The bills you see aren't even in circulation today. In 2006 2 pesos were worth $0.64. Now, they are worth $0.0023, a minor fraction of a single penny.
After a lifetime of so much effort, her total savings are now worth practically nothing.
This is why we #bitcoin . #stackharder
@olvelez007#Bitcoin never has to be the on the street medium of exchange as long as continues to be the pristine store of value against fiat currencies it has proven to be.
Since our emergence from bankruptcy two weeks ago, Celsius has notified hundreds of thousands of creditors around the world that their cryptocurrency claim distribution has been made available to them via our distribution partners, PayPal/Venmo and Coinbase. Currently, over $2B worth of BTC and ETH has been redeemed by eligible creditors. More can be found in the recent notice filed on the court docket: https://t.co/p91yHPZ6MT
Over a year & a half ago, I lost 3.1 BTC & 11.6 ETH to @CelsiusNetwork (~$195,000 at today's prices). This week, I finally received my payout of .55 BTC & 11.6 ETH (~50,000). Chatting about depression, loss, why I started using social media & this weird saga. 🥲
I saw somewhere that only 5-25% of church tithes go towards helping the needy? 😳 Don't be a broke tither! Give 10% AND at least make sure you do the right things with the 90% you have left. 💰💼 #neverstoplearning#SaveYourself
It appears there is a *second* Log4J vulnerability that requires another patch.
First CVE from last week: https://t.co/jqXGSWhhla
New CVE today: https://t.co/F1QDXFkDfw
I want to thank our CIO @Sarasti for once again pushing the envelope and agreeing to be @CityofMiami’s first-ever employee to take a portion of their paycheck in #Bitcoin