Bitcoin is the greatest, single asset and purest form of capital the world has ever seen. Buy Bitcoin. Don't sell the Bitcoin. #Bitcoin $MSTR @Strategy
BREAKING: SpaceX plans to sell approximately 555.6 million shares at $135 per share in its upcoming IPO, according to new SEC filings.
At that price, the offering would raise $75 billion, making it the largest IPO in history by a wide margin.
This would value SpaceX at $1.77 trillion.
The 4 Rules of Bitcoin
Rule #1: when the price goes up you hodl
Rule #2: when the price goes down you buy
Rule #3: when the price goes down a lot you puke your guts out and buy more
Rule #4: when the price goes up a lot you tell everyone to have fun staying poor
Bitcoin just kissing the 200 WMA.
Yesterday we hit $61,442.70, which actually pierced below the 200WMA by about 0.61%.
Bottom 9% of historical valuation, and historically this zone has produced median 12-month returns above 120% and median 24-month returns above 320%.
Buying more here.
Whenever you see Bitcoin's price drop, check the power law chart.
Bitcoin's price currently sits at around $66,000 per coin.
The support level (that Bitcoin has never dipped under), is c.$58,600.
It's linear value (ie the green line), suggests Bitcoin should be around $165k per coin today.
The resistance line, that it surpassed in 2014, hit in 2018 and got 70% of the way to hitting it in 2021, is $581k today.
This tells me one thing: Bitcoin is undervalued, underappreciated & misunderstood.
For those that understand what it is, this is an opportunity.
This is like $5k in 2020, or $16k in 2022.
What would you give for an opportunity to buy at $16k again?
We'll be speaking of $60k in the same way in 2029.
There are calls that Bitcoin is dead. That this is the start of Bitcoin going to zero. That its going to drop to $40k before miraculously returning to an ATH.
All predictions made by people who are using emotion, rather than historical data & math.
Bitcoin as incredibly oversold at these prices.
It wont stay like this forever. Those hoping it fails are going to be in the wrong side of history.
I'm buying more.
I don’t think Bitcoin is selling off because of MSTR
I think it’s being tapped to fund the market’s upcoming hot ball of money trades: SpaceX, Anthropic, whatever else everyone suddenly “has to own”
This means in the future, the correlation breakdown will itself become the fuel
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.
TREASURY SECRETARY SCOTT BESSENT SAYS HE LOOKS FORWARD TO THE CLARITY ACT PASSING THIS SUMMER AND THE U.S. IS MAKING “NEW GROUND” WITH THE STRATEGIC BITCOIN RESERVE.
Big month @Coinbase:
- First company bringing global crypto perps + options to the US in a compliant way
- Official USDC treasury deployer for @HyperliquidX
- Gold & silver perps now live outside the US (coming to the US soon)
- Partnered with Standard Chartered to expand global fiat access for institutional clients
+ more in the article below:
JUST IN: 🇺🇸 Treasury Secretary Scott Bessent says he's looking forward to working with lawmakers on the Strategic Bitcoin Reserve 👀
"We are proceeding with all deliberate speed. And we are making sure...we use best practices and things will be durable for the future" 🚀
$GOOG's proposed $80B capital raise includes a $15B convertible preferred and a $40B ATM. Financing tools popularized by $MSTR to acquire Bitcoin are now being used by a Mag 7 company to build AI. AI and Bitcoin are the digital rails of the future.
“We will have a crash.”
That was the guarantee on national TV from a prominent financial journalist who just spent 8 years researching 1929 for a book by the same name. Yes, 8 years.
Maybe he is right or maybe he is selling books.
Or maybe after studying the greatest crash in market history for nearly a decade, every market starts to look like 1929.
That is exactly why investors should be using AI.
Not to predict the future perfectly, but to study the realities of crashes and bubbles without bias: how they actually formed, how they actually ended, what technical signals showed up, what was different each time, and how much fear was driven by narrative instead of data.
This week’s video is about why subscription driven bear porn only hurts you, the psychology behind bubble calls, and how to use technical analysis and AI to take control of your own view instead of letting fear narratives control you.
Watch here:https://t.co/4XW2tAxWXv
Aging is arguably the root cause of most major diseases (loss of function in our cells). Four years ago, we made a bet that aging was treatable, and NewLimit was born.
NewLimit now has a prototype drug that reverses the age of some human cells (restores function they had when they were younger), and a clinical trial scheduled for next year (with more drug candidates in the pipeline).
Grateful to Founders Fund, Thrive, Greenoaks, and the rest of the investors for this latest round. @jacobkimmel and the team are just getting started.