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Mike Alfred Profile
Mike Alfred

@mikealfred

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Engaged value investor and board director. Recovering tech entrepreneur. Ultramarathon runner with four 100 mile finishes.

Joined December 2009
Don't wanna be here? Send us removal request.
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@mikealfred
Mike Alfred
6 months
The FOMC press conference is over, Jerome is offstage, and the markets are not following the familiar script of dumping through the close. This is the turning point. Yields will fall, the dollar will top, and Bitcoin and equities will rip through year end. Watch and enjoy!
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@mikealfred
Mike Alfred
1 year
REMOVE YOUR FUNDS FROM BINANCE IMMEDIATELY. THIS IS NOT A TEST OR JOKE.
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@mikealfred
Mike Alfred
3 years
Paying off your mortgage used to be a badge of honor. Now it's a sign that you don't understand how money printing and asset price inflation works.
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@mikealfred
Mike Alfred
2 years
Solana is broken. Ethereum gas fees are so high that it's essentially unusable. Cardano is going to zero. Meanwhile, #Bitcoin issues a new block every 10 minutes like clockwork. This isn't rocket science, folks.
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@mikealfred
Mike Alfred
2 years
I talked to 15 billionaires last week. Every one of them asked about #Bitcoin Not a single one asked about Cardano, Ripple, Hex, Doge, or NFTs
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@mikealfred
Mike Alfred
3 years
A lot of large and important institutions bought #bitcoin over the summer. They will announce their purchases between September 7 and November 19. Enjoy the fireworks.
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@mikealfred
Mike Alfred
2 years
I have purchased an additional 10.6 bitcoins for ~$500,000 in cash at an average price of ~$47,330 per #bitcoin . Thanks @saylor for the inspiration and Happy New Year to all!
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@mikealfred
Mike Alfred
2 years
Your options: 1. Buy now and watch #Bitcoin nuke to $13,000 instantly 2. Wait to buy and watch BTC skyrocket straight to $69,000 Choose wisely.
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@mikealfred
Mike Alfred
2 years
RIP to all the traders who thought they could use charts to understand #Bitcoin
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@mikealfred
Mike Alfred
4 months
I called Merrill and Vanguard and told both companies that I’m pulling all of my money from all accounts. The rep at each company connected me with a senior account manager and in both cases that person apologized profusely for management’s lack of vision, admitted they owned…
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@mikealfred
Mike Alfred
2 years
BREAKING: The head of the FBI's new cryptocurrency unit says the agency won't even bother seizing Cardano from criminals since it's going to zero on its own.
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@mikealfred
Mike Alfred
2 years
When #Bitcoin hits $1,000,000, there will still be people waiting to buy at $28,000.
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@mikealfred
Mike Alfred
2 years
Canada just turned #Bitcoin in to protest money. They just fucked themselves and it's hilarious.
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@mikealfred
Mike Alfred
2 years
When Apple or Amazon announces they've added #Bitcoin to the balance sheet, Bitcoin will go up $20,000 in a single 1 minute candle. Do not get caught offsides.
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@mikealfred
Mike Alfred
1 year
If SBF is prosecuted in the US he will likely flip and provide incriminating information on Tether, Bitfinex, and Binance to the authorities in order to receive a lesser sentence. This information has the potential to demolish what remains of the crypto industry. Hold on tight.
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@mikealfred
Mike Alfred
3 years
I’ve reduced my Ethereum exposure to nearly zero. I just don’t see it as a productive asset class anymore. All the brainpower has shifted to #Bitcoin . Ethereans can only talk about Defi, NFTs, and speculation. Feels boring, unproductive and has no economic rationale. Fool’s coin.
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@mikealfred
Mike Alfred
6 months
Now that CZ and Binance have been removed from the field, the SEC can approve the spot ETF and Blackrock, Fidelity, Invesco and other large players can take over. This is how the game is played.
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@mikealfred
Mike Alfred
3 years
Just spent 15 minutes talking about #bitcoin one on one with the CEO of Charles Schwab. I'm telling you guys. If you're not bullish yet, you should be.
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@mikealfred
Mike Alfred
3 years
If #bitcoin goes to $3,000 again, I will definitely be a buyer. It's much easier to buy a lot of #bitcoin when you're no longer married.
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@mikealfred
Mike Alfred
2 years
So we all agree that this #Bitcoin price correction is a coordinated attempt to wreck El Salvador and stop other countries from adopting BTC as legal tender?
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@mikealfred
Mike Alfred
2 years
With the money Elon Musk spent to buy Twitter shares, he could have given every American family $2,000,000, a house in Bel Air, 2 Bentleys, lifetime Netflix subscription, and still had enough left over to save all endangered animals and cancel all student and medical debt.
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@mikealfred
Mike Alfred
2 years
Nobody, absolutely nobody, including the DOJ, SEC, CIA, FBI, and IRS, can stop you from using #Bitcoin . That is literally the point.
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@mikealfred
Mike Alfred
2 years
If you're holding 1 #Bitcoin right now and also have the fortitude to hold until 2035, you will be one of the wealthiest people in the world.
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@mikealfred
Mike Alfred
2 years
#Bitcoin is not done liquidating large players. They will take it down to a level that will cause the maximum damage to the most overexposed players like Celsius and then suddenly it will bounce and go higher once those firms are completely obliterated. A story as old as time.
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@mikealfred
Mike Alfred
2 years
Ethereum is too expensive, Solana is broken, Cardano doesn't even exist. It's a shit show out here in crypto. Thankfully all the talent and interest is flooding in to #Bitcoin now.
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@mikealfred
Mike Alfred
2 years
Sold the rest of my Ethereum today for #Bitcoin . Just can't justify owning a broken protocol. Nobody I know uses Ethereum IRL. All the people that I knew that used it, are now using Solana for Defi, NFTs, and speculation. Not sure what other use Ethereum can possibly have?
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@mikealfred
Mike Alfred
2 years
When 1 #Bitcoin costs $400,000, there will still be traders who insist we must retest $10,000.
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@mikealfred
Mike Alfred
2 years
JPMorgan: We have no idea how high #Bitcoin will go so we randomly chose $150,000 because it sounds ambitious but not unreasonable.
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@mikealfred
Mike Alfred
3 years
China tried to kill #bitcoin and it didn't die. Let that sink in and then act accordingly.
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@mikealfred
Mike Alfred
2 years
If you’re under 25 you should probably have 75% of your net worth in #Bitcoin
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@mikealfred
Mike Alfred
2 years
#Bitcoin is going to be legal tender in at least one US State by the end of 2022. Texas, Arizona, California, and Michigan are all in the running. The price could easily gap to all time highs on the first announcement and the shorts are terrified.
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@mikealfred
Mike Alfred
2 years
Is anyone still here and buying #Bitcoin ?
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@mikealfred
Mike Alfred
2 years
I got Warren Buffett on the phone for a few minutes this afternoon and offered to help him understand #Bitcoin . He asked me to fax some materials on how the business model works.
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@mikealfred
Mike Alfred
2 years
If Russia attacks Ukraine and the Fed raises rates 17x, #Bitcoin is going to $1,000,000 by 2030. If Russia doesn't attack Ukraine and the Fed gets cold feet after a couple quarter point hikes, #Bitcoin is going to $1,000,000 by 2030.
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@mikealfred
Mike Alfred
2 years
Thank god for red states like Texas and Arizona. We need them more than ever. #Bitcoin
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@mikealfred
Mike Alfred
2 years
I have sold all of my Ethereum for #Bitcoin . Proof of work is the future.
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@mikealfred
Mike Alfred
1 year
The DOJ is preparing criminal indictments against Binance. Nexo was raided by 300 police officers this morning. Gemini and Genesis were sued by the SEC a few minutes ago. Metropolitan Bank pulled support for Crypto .com this week. And people are celebrating a pump for ants 🤣
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@mikealfred
Mike Alfred
2 years
If you're holding 2 #Bitcoin right now and also have the fortitude to hold until 2035, you will be welcome at my citadel anytime and won't have to work a day for the rest of your life.
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@mikealfred
Mike Alfred
2 years
When Blackrock predictably buys up all the #Bitcoin you dump under $20,000, don't come crying to me when BTC hits $200,000.
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@mikealfred
Mike Alfred
1 year
More than 70% of Binance's reserves are in BNB, BUSD, and Tether. This is a literal disaster waiting to happen. What's going to light the match?
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@mikealfred
Mike Alfred
2 years
It's amazing that #Bitcoin is available for sale at $40,000. People are literally selling an asset that has a 94.5% chance of hitting $400,000 at least once by 2026. Insane when you really think about it.
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@mikealfred
Mike Alfred
2 years
Holding as little as 1.2 $BTC can be life changing in 6-10 years!
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@mikealfred
Mike Alfred
2 years
Facebook is down 53% year to date. Paypal is down 64% year to date. Netflix is down 70% year to date. Shopify is down 77.5% year to date. Carvana is down 91.5% year to date. And you're sitting here with a straight face trying to tell me that #Bitcoin is the problem? 🤣
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@mikealfred
Mike Alfred
2 months
We’re at $56,800 Bitcoin and the retail crowd is eerily quiet. People must be too busy with their kids, day jobs, and Instagrams. I didn’t receive a single inbound text from a nocoiner friend this week so far. Search traffic is anemic. All the action is driven by corporates,…
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@mikealfred
Mike Alfred
2 years
After holding ETH since 2020, today I cashed out. It’s not for me anymore. In between the obscene gas fees, loss of ETH through failed transactions and even the problems with moving to POS …even Vitalik now sounds depressed. I’m done. I’m all in on #Bitcoin $BTC
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@mikealfred
Mike Alfred
3 years
1 #Bitcoin will be worth $1,000,000 in under 10 years.
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@mikealfred
Mike Alfred
1 year
Heavy selling pressure on BNB but someone is working really hard to hold the price up. I wonder who that could be. Would have to be someone who needs the BNB token to have value in order to stay solvent. Nobody immediately comes to mind.
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@mikealfred
Mike Alfred
2 years
If you think $44,000 is a lot for 1 #Bitcoin just wait until it trades for $444,000.
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@mikealfred
Mike Alfred
3 years
I have spoken with executives from nearly every top 10 asset manager over the last 30 days. Every firm is thinking about and working on #Bitcoin and Bitcoin-adjacent ideas.
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@mikealfred
Mike Alfred
2 years
If everyone already understood #Bitcoin it would cost at least $5,000,000 to buy one. Be thankful.
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@mikealfred
Mike Alfred
2 years
If you didn't buy #Bitcoin last Monday for $32,900, that's OK because you can buy it today for $40,600.
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@mikealfred
Mike Alfred
2 years
The bear market is over. Close your shorts, shut down your war rooms. Get long and stay long. We are going up. #Bitcoin
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@mikealfred
Mike Alfred
2 years
Hex is a blatant Ponzi scheme, Celsius is an unregulated fractional reserve bank with no FDIC insurance, Solana is a centralized database that constantly breaks, and Cardano took years to deliver a Blockchain with little significant utility or differentiation. This is crypto.
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@mikealfred
Mike Alfred
2 years
Nearly everyone has heard of #Bitcoin . Less than 1% of people understand its long term implications. Reminds me of the internet in 1996.
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@mikealfred
Mike Alfred
2 years
BREAKING: Some bank that ignored #Bitcoin for years suddenly has an informed opinion.
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@mikealfred
Mike Alfred
2 years
Ethereum & #Bitcoin will age differently.
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@mikealfred
Mike Alfred
2 years
I don't think these trolls understand yet. If #Bitcoin goes back to $100, I'd buy at least 10,000 more.
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@mikealfred
Mike Alfred
2 years
If you sold #Bitcoin because of a headline or a chart, you had no idea what you owned.
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@mikealfred
Mike Alfred
1 year
Elon Musk paid $44B for a social media app that has no advertisers. Sequoia and Tiger Global paid $32B for a crypto exchange that has no net assets. Ethereum buyers are paying $1,200 for a token that has no future. What else?
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@mikealfred
Mike Alfred
2 years
The year is 2035. #Bitcoin has plummeted from $7,200,000 to $4,950,000. Commentators on CNBC and Twitter are talking about how BTC is a poor store of value.
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@mikealfred
Mike Alfred
2 years
If #Bitcoin doesn't hit $5,000,000 by 2040, I will delete my account.
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@mikealfred
Mike Alfred
2 years
Not holding #Bitcoin will go down as the worst mistake in the history of saving and investing.
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@mikealfred
Mike Alfred
3 years
Adjusted EBITDA GAAP EPS
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@mikealfred
Mike Alfred
2 years
#Bitcoin could triple but I probably won't care much until we break the critical $650,000 level.
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@mikealfred
Mike Alfred
7 months
Ethereum looks sick. The world computer and ultrasound money narratives have failed. Defi and NFTs have largely been abandoned. Vitalik and other insiders are looting the protocol and transactions are easily censored by governments. It’s a disaster. Today I am selling my ETH.
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@mikealfred
Mike Alfred
2 years
I rented until I was 38. Made my first million at 28. Optionality and liquidity are underrated.
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@mikealfred
Mike Alfred
3 years
Institutional investors are quietly buying now. They will wait to announce their investments until #Bitcoin is back at all time highs in the fall. Don't be the person buying their announcements. Buy now and front-run the smartest money on the planet.
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@mikealfred
Mike Alfred
2 years
Facebook down another 2% today after losing 26%+ yesterday. Dow and S&P in the red. #Bitcoin +7% The prophecy has been fulfilled. Behold the decoupling.
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@mikealfred
Mike Alfred
2 years
I just got off a Zoom with a top 5 executive at one of the largest asset managers in the world. They are moving aggressively to add #Bitcoin exposure in 2022. I can't imagine being bearish right now.
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@mikealfred
Mike Alfred
2 years
They're never going to stop printing US dollars so the price of #Bitcoin is never going to stop going up.
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@mikealfred
Mike Alfred
7 months
Blackrock, Fidelity, Invesco and other major spot Bitcoin ETF issuers are probably going to need several million Bitcoin to satisfy consumer demand over the next 24 months. Where are they going to find that much physical BTC without driving the price to $200,000+?
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@mikealfred
Mike Alfred
2 years
The most important aspect of holding #Bitcoin is not giving a fuck
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@mikealfred
Mike Alfred
5 months
LOL. Somebody market sold more than $1.5B in Bitcoin and the market is down less than 5%. There is so much demand. Keep those fat finger sells coming!!! Too funny 😂🤣
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@mikealfred
Mike Alfred
2 years
BREAKING: Michael @Saylor says if FASB fixed accounting treatment, FDIC updated rules for banks, and SEC approved a spot #Bitcoin ETF that the price of Bitcoin would surge "10 fold"
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@mikealfred
Mike Alfred
2 years
On the day #Bitcoin breaks $1,000,000 for the first time, how many people do you think will show up here to complain that they paid $38,200 instead of $35,800?
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@mikealfred
Mike Alfred
2 years
No matter what is going on in your life at the moment... take a deep breath and accept the fact that #Bitcoin is eventually going to be worth $300,000.
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@mikealfred
Mike Alfred
1 year
Why is Binance making customers wait 12 hours to take their coins off the exchange? I thought they could handle any volume of withdrawals.
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@mikealfred
Mike Alfred
2 years
I have 4 words for you: #Bitcoin is going to pump 🚀
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@mikealfred
Mike Alfred
2 years
At 20 you want a job, at 25 you want a career, at 30 you're hopefully smart enough to realize that neither will necessarily make you financially independent.
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@mikealfred
Mike Alfred
4 months
Bitwise has confirmed they have $100M+ of investor commitments for tomorrow on day 1. I'm certain Blackrock is hoping for $3-4B. Invesco/Galaxy will also come out swinging. That's a lot of corn. Hope the exchanges are ready.
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@mikealfred
Mike Alfred
2 years
A little #Bitcoin celebration with the plebs.
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@mikealfred
Mike Alfred
2 years
I remember when 1 #Bitcoin was $410 and people said it was too expensive. Now 1 #Bitcoin is $41,000 and it's way too cheap.
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@mikealfred
Mike Alfred
1 year
I'm calling it now. Bitcoin's market cap will surpass the combined market caps of Apple, Microsoft, Alphabet, Amazon, and Meta.
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@mikealfred
Mike Alfred
2 years
I bought Berkshire shares in 2007 and went to Omaha in 2010 for the shareholder meeting. I've always admired Buffet's value orientation. But after hearing his #Bitcoin rant today I am slashing my stake. Berkshire won't outperform with a CEO & board that fears societal change.
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@mikealfred
Mike Alfred
2 years
I'm just saying.. if u dont own #Bitcoin .. but u own a jpeg of a monkey.. perhaps sell the monkey jpeg and purchase some #Bitcoin
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@mikealfred
Mike Alfred
3 years
If you still think that governments can stop or kill #bitcoin , you probably need to keep studying.
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@mikealfred
Mike Alfred
1 year
What do you think happens next?
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@mikealfred
Mike Alfred
2 years
I've been following Ethereum closely. Vitalik and the early insiders continue to change the rules and modify the code. Now some are threatening to abandon the project altogether in the face of government intervention. I'm not waiting any longer. Today, I am selling all my ETH.
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@mikealfred
Mike Alfred
6 months
I’m becoming increasingly concerned that Bitcoin is about to experience an extreme systematic supply crisis. The supply on exchanges is dropping precipitously, long term holders won’t sell, ETFs are coming, and supply issuance gets cut in half in April. Truly insane and scary.
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@mikealfred
Mike Alfred
2 years
Last night Hex collapsed. Today, it's Celsius. CEL has fallen over 25% in the last 24 hours to 50 cents. The all time high was $8. There are increasing rumblings about insolvency. If I was a user, I would withdraw all my #Bitcoin ASAP. Don't wait until they close withdrawals.
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@mikealfred
Mike Alfred
1 year
Bitcoin hanging by a thread. Tether starting to depeg. Binance facing criminal indictments. Crypto .com, Nexo, and Kucoin are likely insolvent already. Things are about to get crazy. Be prepared.
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@mikealfred
Mike Alfred
2 years
Look, it's really simple. Once this #Bitcoin mini panic is over, the price will go back up. Tens of billions of dollars of new capital is going in to mining, software, and infrastructure over the next 12 months. Adoption continues and the plebs and tutes are stacking and hodling.
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@mikealfred
Mike Alfred
1 month
BREAKING: I have been contacted by several large banks to buy Bitcoin directly from my personal treasury. The supply shock is real.
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@mikealfred
Mike Alfred
5 months
Coinbase and Microstrategy will open +10-15% tomorrow Some of the #Bitcoin miners will open over +20% Tomorrow will be an absolute bloodbath for the bears. Unfortunately there will also be bankruptcies and suicides. Quite a thing to be a witness to history as it’s being made.
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@mikealfred
Mike Alfred
7 months
BREAKING: CATHIE WOODS’ ARK SPOT BITCOIN ETF IS NOW LISTED ON THE DTCC WEBSITE WITH TICKER AND CUSIP
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@mikealfred
Mike Alfred
1 year
If Binance implodes, it will almost certainly happen simultaneously with the de-pegging of Tether. The recent massive USDC/USDT trades are a warning. Be prepared.
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@mikealfred
Mike Alfred
3 years
If you didn't buy #bitcoin last month for $43,000, that's OK because you can buy it today for $63,000.
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@mikealfred
Mike Alfred
2 years
Is anyone else concerned that Tyler and Cameron Winklevoss appear to have quit crypto to tour full time this summer with their rock band Mars Junction? Their Twitter bios have completely scrubbed all mention of Gemini and Winklevoss Capital.
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@mikealfred
Mike Alfred
4 months
If the ETF is approved today, Blackrock, Fidelity, Invesco, and Bitwise will literally be in the Bitcoin spot markets bidding for billions of dollars of corn TOMORROW. I’m getting the sense that most people are simply not prepared for this and it will be glorious.
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@mikealfred
Mike Alfred
3 months
At 25: I want a mansion. a Lamborghini, and a model girlfriend. At 35: All I want is a quiet life, enough money to be comfortable, and a good spouse. Very Common.
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@mikealfred
Mike Alfred
1 year
Coinbase's debt is trading near 60 cents on the dollar despite the fact that it has enough cash to buy back all outstanding debt and still have billions on the balance sheet. This discount reflects both short term fear and long term doubt about the sustainability of crypto itself
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