Just put my entire trading portfolio into $STRC at $93.
Locked in a 12.3% effective yield and will enjoy the ~7.5% capital gain when it trades back to par within the next 60 days.
Crazy that the market is offering this to us again.
Bitcoin will be fine. Strategy will be fine.
Bitcoin is “easy” only after you’ve mentally downloaded cryptography, monetary history, central banking, self-custody, Austrian economics, game theory, energy markets, and 80% drawdowns.
Then people ask why adoption is slow.
Brother, the asset has the ultimate entrance exam.
Eggs are chicken periods
Milk is cow boob juice
Honey is bee vomit
Meat is part of a decaying corpse
Leather is skin of an animal you killed
Gelatin is boiled bones, hooves and flesh
Zoo’s and circuses are prison for animals
And no you won’t die if you give them up.
Bear market survival guide:
Turn off notifications, turn off your uncle, keep stacking, and remember that everyone who ever sold the bottom did it the week before they would have been right.
The market is a machine for transferring conviction from the impatient to the comatose.
Be the comatose.
Achieve a level of calm that worries your family.
Bitcoin will find a bottom around $60,000.
Michael Saylor will not get liquidated.
STRC will trade at $100 very soon.
The Clarity Act will mark the bottom.
Institutional adoption will accelerate.
You’ll forget there was ever a bear market.
Soon $200,000 Bitcoin will seem low.
Bitcoin has pierced the 200 Week Moving Average 6 times since 2016.
1 of those was in 2018.
1 of those was in 2020.
3 of those were in 2022-2023.
1 of those times is today.
You said you'd buy the dip.
The world is giving it to you on a silver platter:
More than half of all $BTC in circulation is now held at an unrealized loss.
10.5M BTC are underwater. Only 9.8M are in profit.
This crossover has coincided with every major bear market bottom in history.
BTC also just touched its 200-week moving average at $61,300, a level reached in every previous bear market cycle, though it broke below it for 9 months in 2022.
If $60k breaks, the next support is $54,000, the average cost basis of every coin in circulation.
History says we're near a bottom. History also says "near" can take a while.
Good evening.
I’m getting a lot of questions about whether my conviction has been impaired or my thesis has changed about Bitcoin with its recent price weakness. The answer is an emphatic no. Why? Because I like to keep it simple and focus on first principles. While other assets are enjoying the warmth of the hot ball of money, Bitcoin will simply continue to reflect the debasement of all government sponsored currencies over the long run. Nothing more. Nothing less. Hope this helps.
Have a great night.
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.