Michael Saylor:
#Bitcoin
'Gold Rush' 2024-2034: The era of mass adoption is here.
I had the chance to sit down with
@Saylor
to discuss the success of the spot Bitcoin ETFs, why our money is toxic, the ideal form of government, building companies on the network and why Bitcoin is
@BitcoinNewsCom
@PlebSignalBTC
Those are mining rewards from 2010 being unloaded now. Reward was 50BTC in 2010. Some dude probably mined those on a $999 Packard-Bell Pentium 3 400MHz from Wal-Mart.
@BritishHodl
@coinbase
For sure. The trading only halts on up, even though volume spikes happen in both directions. Also, that’s not how system overloads manifest.
100% certain this is Coinbase being a bad actor.
Everyone should get far away from anything Coinbase. I don’t care if we go through
@IIICapital
Bitcoin is the weirdest asset. It’s completely obvious to some while others just aren’t equipped with the right sensors or circuitry or whatever. It’s like a Black Mirror episode.
@LynAldenContact
Here in Hawaii we are basically Japan’s neighbor, and we have lots of Japanese folks here.
Hawaii folks are vacationing like crazy in Japan because it’s so cheap for us rn.
@dotkrueger
Hard to imagine SEC asking for refiling to include “cash creates” adjustments and then deny. ETF approval is assured. Denial would make SEC lose last remaining credibility plus will open SEC to damages lawsuits.
@dotkrueger
Bitcoin is deceptive: it looks simple and easy, but it’s nuanced and elegant and has its fingers into every damn thing.
It’s like when man discovered the circle. Some saw a wheel and decided they had the whole circle thing figured out. Others saw trigonometry and irrational
@BioLayne
I would add: Learn to say “no”
We are raised to be nice and please everyone with “yes”
but that ends up pushing young folks into bad positions.
@dotkrueger
That dude is awesome.
Mining reward was 50BTC in 2010…those are all mining rewards.
Bro mined 50BTC per block on his $999 Wal-Mart Packard-Bell PC, held these 1,000 BTC for 14 years, and is now finally selling.
I honestly hope he stacked this dump with leveraged-short bets
@BTC_Archive
I am embarrassed for Jamie Dimon today. That was just painful to watch.
JPM Board of Directors surely speeding up succession plans after today’s fiasco.
@theRealKiyosaki
Yes, Bitcoin will continue marching up to $millions.
$Bitcoin is an engineered financial weapon…beating the crap out of rocks and paper.
@BitcoinNewsCom
OMG what’s with all the gaslighting lately? This isn’t even a little bit true. Just look at the fake SEC announcement from a few weeks back …there was EXACTLY an immediate increase in
#Bitcoin
price.
@KirkMcCall68
Transistors —> CPU and graphics cards. Ok I see how transistors and a logic circuit operate. Do it a bunch of times and that becomes an iPhone? Ummmm…
@TesCalendar1
After getting used to a Tesla, please consider renting that other EV for a month before you commit. I figured “how much different/worse could it be?” I tried for three months…it was just so disappointing. Sold at big lo$$ and bought another Model Y.
@WallStreetSilv
$33 for my two kids at McD. Pretty hilarious. I also bought ribeyes for this weekend, and those are about the same price. Ribeyes steak dinner at home is the same price as McDonalds…weird.
@KerrisdaleCap
News flash: MSTR is a monopoly.
MSTR is the de facto liquidity provider for any Bitcoin scaling solution.
Nobody can ever catch MSTR (ETFs can’t deploy their stacks of Bitcoin for things like scaling Bitcoin and solving the spam problem).
@BritishHodl
There are other legitimate use cases for self-custody:
1) Messy divorce leverage
2) Lawsuit or potential for lawsuit
3) Feeling of superiority, OG-ness.
4) Reduce appeal of any 6102 copycat action.
5) Proof of HODL commitment
6) Zero chance of paper Bitcoin shenanigans
@VisionaryVoid
@fasc1nate
Dude was amazing. I remember when the Thriller video was released; the whole world stood still for the premiere and then the whole world talked about it for days. It was a weird video TBH, but the song itself and the dancing were just awesome.
@FarsideUK
Daaaaannnnnngggg that’s crazy.
$599Million dumped on the market and we just absorbed it without anyone even noticing. They probably pushed ATH back by about 18hrs with that stunt, though, so there IS that.
Bullish AF 🚀
@BitcoinVanguard
I like FBTC because Fidelity understands Bitcoin and figured it out years ago. Also one less participant involved as compared to others (Coinbase/Gemini).
@BTC_for_Freedom
If $850B tries to chase available BTC then price will exceed $5million per BTC by quite a bit. Maxis are unshakable. HODL is real. “Supply Shock” is about to be a thing, and minds will melt when retail and institutions start FOMOing.
@btcSalvation
Brilliant! Email security has been unsolved for 30 years, and costs $10’s of billions of losses annually.
Corporate IT Security budgets are basically unlimited.
When every corporate email user pays a tithing to $MSTR for their orange checkmark in Outlook, guess what those
@MoheganBTC
-Pre-Election Rate cuts
-marketing teams at BR/Fidelity pushing their HNWI into % allocation
-supply shock hits
-Billionaires jump in and tell an exchange “I’ll buy every sat you have available under $65k”
-BR/Fid figure it out and start pre-loading BTC holdings
@rajatsonifnance
Bitcoin’s hard-coded issuance limit is the whole point. Dilution is never gonna happen because you can’t convince everyone to throw their wealth away simultaneously.
@BenJustman
I don’t think you’ve used it.
Try it…fast, cheap, no delays, low-stress, works every time.
It has a place. Not saying it’s superior to anything, just that it’s the Honda Civic of POW crypto.
@MDBitcoin
Apple has $192billion dollars which are being inflated away at 10% and debased daily. If they hedge and put $19billion into
#Bitcoin
that single decision would drive price to $500k
@BitPaine
Meh. The old bad actors were just replaced with new bad actors. Bad actors will always be in money. You really think Larry Fink and Joe Dimon are any better than SBF and Mashinsky? I wish I hadn’t lost my a$$ in Celsius.
@knutsvanholm
This is where the nation-state level of game theory takes hold. It’s akin to a nation’s military banning gunpowder…it only means your enemies who adopt the technology will wipe the floor with you in short order.
The dollar isn’t being threatened by Bitcoin; the dollar got
@rajatsonifnance
lol
“Too powerful” is right.
Bitcoin is engineered to drain every other asset class. The rest of the stores of value that we tried were all just crap.
@BTCosmonaut
Just get off zero.
You’re not gonna stop saving nor retire at any point in the next two decades, so it’s of minimal value to pick a number here.
@TheBTCTherapist
Bitcoin is the greatest test of our lives.
I don’t even think it’s about work, even if work is one way to get there.
Bitcoin is a deception: it looks so damn simple, but in reality has its hooks into every damn corner of everything.
And the gf was not wrong about “cult”
$MSTR on X could make GME on Reddit look like child’s play (see the setup for Apr 30, below).
$10,101 per share is probably optimistic but the logic is pretty simple to follow.
This week might be the time to go irresponsibly longER $MSTR
~$350 - $400 EPS estimate for $MSTR at end of Q1 2024, *if FASB adopted,
#Bitcoin
gains in Q1 are added to NET INCOME / Retained Earnings.
Earnings call on the horizon!
@BitcoinVanguard
It’s better than nothing. Individuals generally don’t think long term, and this 401(k) thing probably saved millions from a worse retirement.
@BitcoinNewsCom
$43k is real. Best performing asset of the 2023 is real. Passed up Berkshire and Meta in market capitalization…also real. Not sure what anyone is worried about with Bitcoin, but it’s here to stay and is just going to keep marching past whatever it is you think is valuable.
@MitchellHODL
@saylor
Those guys are playing the fiat/Bitcoin/stock market on easy mode and amassed 1% of the world’s money. If/when they get a banking license or deploy that 190k Bitcoin as L2 or as a CBDC, watch out. MSTR is in a position to become a sort of “global reserve bank” where the bank
@dotkrueger
@LawrenceLepard
I am a believer in the supply shock idea, and when it hits then the multiplier skyrockets. People’s willingness to sell will need its own models, and these models will need a rewrite once trustworthy lending becomes available with bitcoin as collateral.
When folks can borrow
@dotkrueger
…or maybe
Apple
Tesla
Google
MSFT
Saudi Aramco, Qatar, et al
Musk himself (or any of billionaires worldwide)
Nations
I have no doubt we will see it. The math, game theory and the march of time will erode any remaining resistance. It’s also a self-reinforcing cycle…once
@BitcoinNewsCom
What adult responds positively to this? If I don’t like Bitcoin then I can simply not buy the ETF. And If I like Bitcoin then I leave Vanguard forever.
I suppose the Peter Schiffs and E Warrens of the world might think it’s praiseworthy, but unless you have that “tilting at
@dotkrueger
An Apple or X or Google could do this in one step. BTC:$ wallet app, proof of Bitcoin and $ reserves, and withdrawal anytime (BTC with fee). Tie in with Visa/MC. Apple is closest here and only lacks the BTC tie-in.
@supplyshocks
I don’t see this happening. Supply shock runs MSTR to the moon. MSTR has way more to gain from supply shock than from loaning Bitcoin out for interest or whatever.
If anything, MSTR can rehypothecate and maybe even issue certificates.
MSTR can be the global reserve bank if