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The case is settled. Bitcoin Yield > Total Bitcoin. I have been arguing this for almost two years. It has now been validated by the Strategy team itself. This should have been obvious from the beginning for anyone with common sense. Bitcoin Per Share is the #1 KPI. Be... show more

Chris Millas

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27,270 просмотров • 1 месяц назад •via X (Twitter)

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Making Sense Of Strategy What is happening with $MSTR? If you’ve been following me on X for any meaningful length of time, you will know that I have been attempting to calibrate people’s expectations of the stock's performance for the best part of 2025. Here I have synthesised all of my thoughts and distilled them into a single video. If you prefer YouTube, you can watch it here: If you prefer written format, continue reading. The first thing we need to understand is what Strategy is and why people invest in it. Strategy At the highest level, Strategy is leveraged Bitcoin. That’s it. Strategy leverages debt to acquire more Bitcoin. Therefore, the main reason you invest in Strategy is because you want to outperform Bitcoin. The only thing better than Bitcoin is more Bitcoin. The second thing we need to understand is mNAV. mNAV Generally speaking for a pure-play Bitcoin Treasury Company like Strategy, mNAV is a reflection of the market's expectation of future Bitcoin Yield. Bitcoin Yield comes with diminishing returns because each additional Bitcoin purchase contributes less to Bitcoin Per Share. Thus, the larger your Bitcoin stack, the harder it becomes to generate Bitcoin Yield and by extension the harder it becomes to outperform Bitcoin. This is why on a Bitcoin Standard, over a long enough time horizon, mNAV trends towards 1 since the maximum amount of Bitcoin you can own is 21M. With all this in mind, why is Strategy trading where it is and why is it trading at such a low mNAV? There are a few reasons. 1. Strategy Is A Different Company In 2025 Firstly, Strategy is a totally different company in 2025 to the one it was in 2020. For context, believe it or not, the company only introduced Bitcoin Yield and Bitcoin Per Share in the July 2024 Q2 Earnings Call and so it was only after that that they began optimising for those metrics. In my view, that is also when Michael Saylor truly started to understand the opportunity that was in front of him, which is why in October 2024 we saw Strategy announce the 21/21 plan which became the catalyst for the parabolic run we saw in November 2024 where $MSTR went on to briefly hit an all-time-high of around $550. Since people are comparing $MSTR this cycle to the $MSTR of last cycle when it briefly traded at an mNAV of over 8x, it is distorting their expectations. Again, Strategy is a totally different company today with a totally different set of dynamics. 2. New Industry Secondly, we need to recognise that the Bitcoin Treasury Company industry is entirely new which means that the market has been forced to learn and adapt in real-time. With Strategy being the first and by far the largest Bitcoin Treasury Company, it has gained a disproportionate amount of attention and as a result it has attracted a disproportionate amount of speculative capital along the way while everyone has been trying to figure out how to value it. Consequently, in my view, the move we saw in November 2024 was an over-correction to the upside — which by the way coincided with Bitcoin’s parabolic run following Donald Trump’s election win — and what we’re now seeing is an over-correction to the downside. 3. Bitcoin Yield Thirdly, as I mentioned at the beginning, Bitcoin Treasury Companies are currently valued based on how much Bitcoin Yield they are expected to generate in the future. At the time of recording, Strategy currently holds precisely 637,460 Bitcoin — that’s over 3% of the total Bitcoin supply — which means that it is much, much harder to generate meaningful Bitcoin Yield, which again is why we’re seeing the mNAV compress. However, there is a caveat here. There is another metric that Strategy have introduced which is Bitcoin $ Gain. Bitcoin $ Gain is defined as the $ value of newly acquired Bitcoin within any period. Strategy — and I don’t blame them — have been attempting to encourage the market to interpret Bitcoin $ Gain as “earnings” and to value the company based on how much earnings it is expected to generate in the future. For full disclosure, I personally dislike Bitcoin $ Gain as a valuation metric. I think framing it as “earnings” is misleading and disingenuous. I understand why it has been introduced because it speaks the language of Wall Street. However, traditional earnings are final. Bitcoin $ Gain is not because it is forever subject to the price of Bitcoin. Therefore, for Bitcoin $ Gain to be embraced by Wall Street, the market must collectively agree that Bitcoin is going up forever. I remain very sceptical of that happening — especially in the short-to-medium term. However, I am also not attached to my beliefs and so if Wall Street does decide to embrace Bitcoin $ Gain as its primary valuation metric, then $MSTR is likely undervalued by a factor of 5-10x. If not, then $MSTR is likely undervalued by a factor of 1-2x. If you’re not content with the latter being the worst case scenario, then the stock probably isn’t for you. 4. Preferred Products Fourthly, the Strategy thesis right now revolves entirely around the success of its preferred products. Remember, Michael Saylor wants Strategy to become the Amazon of the fixed income market. Thus, we’re not talking about a small innovation here — we are talking about completely transforming global finance. This means that the process of generating awareness and educating the market that will ultimately drive demand for these products is going to take years — not months — which is why you need to have a long time-horizon. Presently, the market is completely discounting the success of Strategy’s preferred products. What it’s not factoring in however is that the capital markets are desperate for yield right now. Thus, when — not if — but when, they eventually wake up to Bitcoin, how do you think they’re going to get that yield? Who is going to be the entity that is offering Bitcoin-backed credit instruments at scale? The answer is obviously Strategy, but again, this is a 5-to-10 year and beyond story. So with all that said, if you’re reading this right now, what should you do? Valuing Strategy There are 3 steps you need to take: 1. Firstly, you need to define your time horizon. In other words, how long do you intend on holding the stock for? 2. Secondly, you need to estimate either — depending on your preferred metric — how much Bitcoin Yield or how much Bitcoin $ Gain you expect Strategy to generate during that period and then calculate how much you expect $MSTR to outperform Bitcoin based on those values. 3. Thirdly, ask yourself whether you’d be satisfied with the level of outperformance you have calculated? In other words, is the trade-off worth it? Or would you be better off investing in either spot Bitcoin, an alternative Bitcoin Treasury Company or a Bitcoin ETF. If you’re satisfied with the level of outperformance that you’ve calculated, then $MSTR it probably a good choice of investment for you. If you're not satisfied, then $MSTR is probably a bad choice of investment for you. I personally believe that $MSTR will outperform Bitcoin by a minimum factor of 1-2x over the next 5/10 years and potentially much more if Bitcoin $ Gain becomes the primary metric by which it is valued, but again, I remain sceptical of that happening. Regardless, the best is yet to come.

Making Sense Of Strategy What is happening with $MSTR? If you’ve been following me on X for any meaningful length of time, you will know that I have been attempting to calibrate people’s expectations of the stock's performance for the best part of 2025. Here I have synthesised all of my thoughts and distilled them into a single video. If you prefer YouTube, you can watch it here: If you prefer written format, continue reading. The first thing we need to understand is what Strategy is and why people invest in it. Strategy At the highest level, Strategy is leveraged Bitcoin. That’s it. Strategy leverages debt to acquire more Bitcoin. Therefore, the main reason you invest in Strategy is because you want to outperform Bitcoin. The only thing better than Bitcoin is more Bitcoin. The second thing we need to understand is mNAV. mNAV Generally speaking for a pure-play Bitcoin Treasury Company like Strategy, mNAV is a reflection of the market's expectation of future Bitcoin Yield. Bitcoin Yield comes with diminishing returns because each additional Bitcoin purchase contributes less to Bitcoin Per Share. Thus, the larger your Bitcoin stack, the harder it becomes to generate Bitcoin Yield and by extension the harder it becomes to outperform Bitcoin. This is why on a Bitcoin Standard, over a long enough time horizon, mNAV trends towards 1 since the maximum amount of Bitcoin you can own is 21M. With all this in mind, why is Strategy trading where it is and why is it trading at such a low mNAV? There are a few reasons. 1. Strategy Is A Different Company In 2025 Firstly, Strategy is a totally different company in 2025 to the one it was in 2020. For context, believe it or not, the company only introduced Bitcoin Yield and Bitcoin Per Share in the July 2024 Q2 Earnings Call and so it was only after that that they began optimising for those metrics. In my view, that is also when Michael Saylor truly started to understand the opportunity that was in front of him, which is why in October 2024 we saw Strategy announce the 21/21 plan which became the catalyst for the parabolic run we saw in November 2024 where $MSTR went on to briefly hit an all-time-high of around $550. Since people are comparing $MSTR this cycle to the $MSTR of last cycle when it briefly traded at an mNAV of over 8x, it is distorting their expectations. Again, Strategy is a totally different company today with a totally different set of dynamics. 2. New Industry Secondly, we need to recognise that the Bitcoin Treasury Company industry is entirely new which means that the market has been forced to learn and adapt in real-time. With Strategy being the first and by far the largest Bitcoin Treasury Company, it has gained a disproportionate amount of attention and as a result it has attracted a disproportionate amount of speculative capital along the way while everyone has been trying to figure out how to value it. Consequently, in my view, the move we saw in November 2024 was an over-correction to the upside — which by the way coincided with Bitcoin’s parabolic run following Donald Trump’s election win — and what we’re now seeing is an over-correction to the downside. 3. Bitcoin Yield Thirdly, as I mentioned at the beginning, Bitcoin Treasury Companies are currently valued based on how much Bitcoin Yield they are expected to generate in the future. At the time of recording, Strategy currently holds precisely 637,460 Bitcoin — that’s over 3% of the total Bitcoin supply — which means that it is much, much harder to generate meaningful Bitcoin Yield, which again is why we’re seeing the mNAV compress. However, there is a caveat here. There is another metric that Strategy have introduced which is Bitcoin $ Gain. Bitcoin $ Gain is defined as the $ value of newly acquired Bitcoin within any period. Strategy — and I don’t blame them — have been attempting to encourage the market to interpret Bitcoin $ Gain as “earnings” and to value the company based on how much earnings it is expected to generate in the future. For full disclosure, I personally dislike Bitcoin $ Gain as a valuation metric. I think framing it as “earnings” is misleading and disingenuous. I understand why it has been introduced because it speaks the language of Wall Street. However, traditional earnings are final. Bitcoin $ Gain is not because it is forever subject to the price of Bitcoin. Therefore, for Bitcoin $ Gain to be embraced by Wall Street, the market must collectively agree that Bitcoin is going up forever. I remain very sceptical of that happening — especially in the short-to-medium term. However, I am also not attached to my beliefs and so if Wall Street does decide to embrace Bitcoin $ Gain as its primary valuation metric, then $MSTR is likely undervalued by a factor of 5-10x. If not, then $MSTR is likely undervalued by a factor of 1-2x. If you’re not content with the latter being the worst case scenario, then the stock probably isn’t for you. 4. Preferred Products Fourthly, the Strategy thesis right now revolves entirely around the success of its preferred products. Remember, Michael Saylor wants Strategy to become the Amazon of the fixed income market. Thus, we’re not talking about a small innovation here — we are talking about completely transforming global finance. This means that the process of generating awareness and educating the market that will ultimately drive demand for these products is going to take years — not months — which is why you need to have a long time-horizon. Presently, the market is completely discounting the success of Strategy’s preferred products. What it’s not factoring in however is that the capital markets are desperate for yield right now. Thus, when — not if — but when, they eventually wake up to Bitcoin, how do you think they’re going to get that yield? Who is going to be the entity that is offering Bitcoin-backed credit instruments at scale? The answer is obviously Strategy, but again, this is a 5-to-10 year and beyond story. So with all that said, if you’re reading this right now, what should you do? Valuing Strategy There are 3 steps you need to take: 1. Firstly, you need to define your time horizon. In other words, how long do you intend on holding the stock for? 2. Secondly, you need to estimate either — depending on your preferred metric — how much Bitcoin Yield or how much Bitcoin $ Gain you expect Strategy to generate during that period and then calculate how much you expect $MSTR to outperform Bitcoin based on those values. 3. Thirdly, ask yourself whether you’d be satisfied with the level of outperformance you have calculated? In other words, is the trade-off worth it? Or would you be better off investing in either spot Bitcoin, an alternative Bitcoin Treasury Company or a Bitcoin ETF. If you’re satisfied with the level of outperformance that you’ve calculated, then $MSTR it probably a good choice of investment for you. If you're not satisfied, then $MSTR is probably a bad choice of investment for you. I personally believe that $MSTR will outperform Bitcoin by a minimum factor of 1-2x over the next 5/10 years and potentially much more if Bitcoin $ Gain becomes the primary metric by which it is valued, but again, I remain sceptical of that happening. Regardless, the best is yet to come.

Chris Millas

36,835 просмотров • 9 месяцев назад

VanEck CEO Jan van Eck on CNBC: “There’s something else going on within the Bitcoin community that non-crypto people need to know about. And that is: ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally broken. We don’t right now, but you always have to look at the underlying technology and the crypto. What the Bitcoin community has been asking itself is: Is there enough encryption in Bitcoin, because quantum computing is coming? And secondly: Is there enough privacy in Bitcoin? And so a lot of Bitcoin OGs or maxis have been looking at Zcash. Zcash is a token. It’s sort of related to Bitcoin with a lot more privacy. The kind of garbage that we got about Bitcoin four years ago was: ‘It’s used for all bad illicit behavior.’ But now everyone kind of realizes that when you move money around on the Bitcoin blockchain, you can see it. You can see it move from one wallet to another. And a lot of people are looking for more privacy.”

VanEck CEO Jan van Eck on CNBC: “There’s something else going on within the Bitcoin community that non-crypto people need to know about. And that is: ultimately, VanEck has been around before Bitcoin. We will walk away from Bitcoin if we think the thesis is fundamentally broken. We don’t right now, but you always have to look at the underlying technology and the crypto. What the Bitcoin community has been asking itself is: Is there enough encryption in Bitcoin, because quantum computing is coming? And secondly: Is there enough privacy in Bitcoin? And so a lot of Bitcoin OGs or maxis have been looking at Zcash. Zcash is a token. It’s sort of related to Bitcoin with a lot more privacy. The kind of garbage that we got about Bitcoin four years ago was: ‘It’s used for all bad illicit behavior.’ But now everyone kind of realizes that when you move money around on the Bitcoin blockchain, you can see it. You can see it move from one wallet to another. And a lot of people are looking for more privacy.”

Arjun Khemani

568,617 просмотров • 7 месяцев назад

The Bitcoin ETFs have been a massive success. 🔥 Now, Wall Street is gearing up for the next phase: Bitcoin Staking ETFs. It’s time to put Bitcoin to work. 🔶

The Bitcoin ETFs have been a massive success. 🔥 Now, Wall Street is gearing up for the next phase: Bitcoin Staking ETFs. It’s time to put Bitcoin to work. 🔶

Core DAO 🔶

28,069 просмотров • 1 год назад

Strive (ASST) is set up to absolutely moon. The catapult has been loaded. ASST holders might have this question: What happens to common equity if Bitcoin rises and the balance sheet either stays static or keeps accumulating through SATA issuance? Using CEBE math, I modeled two scenarios with Bitcoin going from roughly $68.5k to $126k. Scenario 1: Static balance sheet No new Bitcoin. No new SATA. No additional capital formation. Just the existing balance sheet riding Bitcoin higher. In that scenario, ASST goes from roughly $15.86 to $37.24. That is still a very strong outcome, because the company’s existing Bitcoin exposure appreciates and CEBE per share rises as fixed senior claims shrink in BTC terms. At $126k Bitcoin, CEBE reaches roughly 17,488 sats per share. $37.24 stock price with the multiple staying flat and zero new Bitcoin purchased :) Scenario 2: $200 million of SATA issued every month Same Bitcoin path. Same starting point. But Strive adds $200 million of SATA every month and uses it to acquire more Bitcoin. In this scenario, the stock goes from roughly $15.86 to $54.21. CEBE rises to roughly 25,456 sats per share. The Bitcoin stack grows from about 19,000 BTC to roughly 45,900 BTC. This is where the mechanism gets violent. The static balance sheet benefits from Bitcoin appreciation. The SATA issuance scenario benefits from Bitcoin appreciation plus monthly balance sheet expansion. That means the common equity is not simply waiting for Bitcoin to go up. It is watching the company potentially compound its Bitcoin exposure while the denominator gets partially protected by the capital structure. At the end of the model: Static case: $37.24 stock price SATA monthly case: $54.21 stock price Difference: +$16.97 per share Relative uplift: about 45.6% If SATA issuance is done at attractive terms and deployed into Bitcoin, the common wins big after Bitcoin moons. That is the whole game. This is amplified Bitcoin. And if the market starts pricing that correctly, the stock does not merely track Bitcoin. It can re-rate around the speed and quality of true Bitcoin-per-share growth:

Strive (ASST) is set up to absolutely moon. The catapult has been loaded. ASST holders might have this question: What happens to common equity if Bitcoin rises and the balance sheet either stays static or keeps accumulating through SATA issuance? Using CEBE math, I modeled two scenarios with Bitcoin going from roughly $68.5k to $126k. Scenario 1: Static balance sheet No new Bitcoin. No new SATA. No additional capital formation. Just the existing balance sheet riding Bitcoin higher. In that scenario, ASST goes from roughly $15.86 to $37.24. That is still a very strong outcome, because the company’s existing Bitcoin exposure appreciates and CEBE per share rises as fixed senior claims shrink in BTC terms. At $126k Bitcoin, CEBE reaches roughly 17,488 sats per share. $37.24 stock price with the multiple staying flat and zero new Bitcoin purchased :) Scenario 2: $200 million of SATA issued every month Same Bitcoin path. Same starting point. But Strive adds $200 million of SATA every month and uses it to acquire more Bitcoin. In this scenario, the stock goes from roughly $15.86 to $54.21. CEBE rises to roughly 25,456 sats per share. The Bitcoin stack grows from about 19,000 BTC to roughly 45,900 BTC. This is where the mechanism gets violent. The static balance sheet benefits from Bitcoin appreciation. The SATA issuance scenario benefits from Bitcoin appreciation plus monthly balance sheet expansion. That means the common equity is not simply waiting for Bitcoin to go up. It is watching the company potentially compound its Bitcoin exposure while the denominator gets partially protected by the capital structure. At the end of the model: Static case: $37.24 stock price SATA monthly case: $54.21 stock price Difference: +$16.97 per share Relative uplift: about 45.6% If SATA issuance is done at attractive terms and deployed into Bitcoin, the common wins big after Bitcoin moons. That is the whole game. This is amplified Bitcoin. And if the market starts pricing that correctly, the stock does not merely track Bitcoin. It can re-rate around the speed and quality of true Bitcoin-per-share growth:

Adam Livingston

14,385 просмотров • 1 месяц назад

With Ordinals and Bitcoin L2s, 2023 has been the best year for Bitcoin.

With Ordinals and Bitcoin L2s, 2023 has been the best year for Bitcoin.

muneeb.btc

58,862 просмотров • 2 лет назад

Bitcoin is money. It's the greatest monetary invention in the history of mankind. Michael Saylor has been the best spokesman for Bitcoin we could have. But Bitcoin does not need Bitcoin Treasury Companies, Blackrock, or governments to succeed. They need Bitcoin. Full stop.

Bitcoin is money. It's the greatest monetary invention in the history of mankind. Michael Saylor has been the best spokesman for Bitcoin we could have. But Bitcoin does not need Bitcoin Treasury Companies, Blackrock, or governments to succeed. They need Bitcoin. Full stop.

George Bodine

14,047 просмотров • 9 месяцев назад

JUST IN: 🇺🇸 Bitcoin is now at the price it should have been in 2021 if the SEC did not reject spot #Bitcoin ETFs and hold back the industry - Anthony Scaramucci

JUST IN: 🇺🇸 Bitcoin is now at the price it should have been in 2021 if the SEC did not reject spot #Bitcoin ETFs and hold back the industry - Anthony Scaramucci

Bitcoin Archive

320,760 просмотров • 1 год назад

"Bitcoin is oversold. It's been artificially lumped in with software stocks for no good reason." Lyn Alden (Lyn Alden) on why the crash hit Bitcoin harder than it should have: "The washout from the Treasury company mNAVs was painful. The quantum FUD had to be explored. The four-year cycle had to be tested. But I think the majority of the pain is behind us." "Gold went from undervalued to fairly valued fast, the market rightsized it. It's not a bubble, but it's somewhat euphoric right now." "Sentiment on Bitcoin is unfairly negative, to say the least." "Gun to my head, if I had to bet Bitcoin or gold over the next two to three years, I'd bet Bitcoin. I own both. I've always owned both. But if I had to pick, it's Bitcoin." Translation: the crash lumped Bitcoin in with the AI software selloff it has nothing to do with. Gold ran its move and is now near fair value. Bitcoin got sold on sentiment, not fundamentals, which is exactly the setup that reverses when risk appetite returns.

"Bitcoin is oversold. It's been artificially lumped in with software stocks for no good reason." Lyn Alden (Lyn Alden) on why the crash hit Bitcoin harder than it should have: "The washout from the Treasury company mNAVs was painful. The quantum FUD had to be explored. The four-year cycle had to be tested. But I think the majority of the pain is behind us." "Gold went from undervalued to fairly valued fast, the market rightsized it. It's not a bubble, but it's somewhat euphoric right now." "Sentiment on Bitcoin is unfairly negative, to say the least." "Gun to my head, if I had to bet Bitcoin or gold over the next two to three years, I'd bet Bitcoin. I own both. I've always owned both. But if I had to pick, it's Bitcoin." Translation: the crash lumped Bitcoin in with the AI software selloff it has nothing to do with. Gold ran its move and is now near fair value. Bitcoin got sold on sentiment, not fundamentals, which is exactly the setup that reverses when risk appetite returns.

Michaël van de Poppe

127,417 просмотров • 19 дней назад

🚨 Capitol Hill needs more Bitcoiners! 🚨 Bitcoin Policy Institute has launched our Congressional Fellows Program. If you have ever been interested working on Bitcoin Policy, now is the time to start. Please share this broadly and follow for more updates — it’s crucial we find the best Bitcoiners for the job. More details at the link below. 👇

🚨 Capitol Hill needs more Bitcoiners! 🚨 Bitcoin Policy Institute has launched our Congressional Fellows Program. If you have ever been interested working on Bitcoin Policy, now is the time to start. Please share this broadly and follow for more updates — it’s crucial we find the best Bitcoiners for the job. More details at the link below. 👇

Conner Brown

51,922 просмотров • 8 месяцев назад

"We have outperformed Bitcoin by 50% in the last six years. And we have outperformed every company in the MAG7 except for NVIDIA" Strategy CEO Phong Le on what the market is getting wrong about Strategy "If you believe in Bitcoin, we are amplified Bitcoin"

"We have outperformed Bitcoin by 50% in the last six years. And we have outperformed every company in the MAG7 except for NVIDIA" Strategy CEO Phong Le on what the market is getting wrong about Strategy "If you believe in Bitcoin, we are amplified Bitcoin"

The Wolf Of All Streets

19,301 просмотров • 25 дней назад

🎉 “Decoding Bitcoin” is now live This has been my main focus for the past few months → A platform with tons of interactive demos and exercises to learn Bitcoin Link in thread

🎉 “Decoding Bitcoin” is now live This has been my main focus for the past few months → A platform with tons of interactive demos and exercises to learn Bitcoin Link in thread

Bitcoin Illustrated

62,678 просмотров • 1 год назад

He started shorting #Bitcoin at $12. Bitcoiners have been dealing with this for over 15 years... At Thanksgiving, remember Satoshi's approach: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

He started shorting #Bitcoin at $12. Bitcoiners have been dealing with this for over 15 years... At Thanksgiving, remember Satoshi's approach: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

Bitcoin

159,284 просмотров • 1 год назад

You'd be surprised (or maybe not) by how common this sentiment seems to be in Israeli society. You know who isn't surprised? The people who have been dehumanized and systematically erased for 75 years before the most obvious manifestation of genocide showed itself to the world.

You'd be surprised (or maybe not) by how common this sentiment seems to be in Israeli society. You know who isn't surprised? The people who have been dehumanized and systematically erased for 75 years before the most obvious manifestation of genocide showed itself to the world.

Dr. Omar Suleiman

24,902 просмотров • 9 месяцев назад

Last year, governments and institutions bought close to 1 million Bitcoin. Retail sold almost 700,000! This is game theory playing out in real time. Understand this right now. While everyone is arguing about who is right and wrong about "the bottom".... Strategy now holds over 800,000 Bitcoin, more than BlackRock's ETF. Wallets with 1,000+ BTC have been quietly accumulating for months. And wallets under 10 BTC have been SELLING! WHALES COULD NOT CARE ANY LESS ABOUT WHERE THE BOTTOM IS. This is what happens every cycle, but the scale of it this cycle is massive. There's been a purposeful repositioning while sentiment sits at the absolute floor. Below in in this video, I quickly walk through the game theory of what's playing out in crypto right now. Big players keep accumulating, retail keeps bailing at the exact bottom, and volatility itself has been used as a tool to shake out the smaller wallets. Whales have time and capital. Retail can play the same game...but only if the time horizon stretches past the next weekly or monthly candle. Focus!

Last year, governments and institutions bought close to 1 million Bitcoin. Retail sold almost 700,000! This is game theory playing out in real time. Understand this right now. While everyone is arguing about who is right and wrong about "the bottom".... Strategy now holds over 800,000 Bitcoin, more than BlackRock's ETF. Wallets with 1,000+ BTC have been quietly accumulating for months. And wallets under 10 BTC have been SELLING! WHALES COULD NOT CARE ANY LESS ABOUT WHERE THE BOTTOM IS. This is what happens every cycle, but the scale of it this cycle is massive. There's been a purposeful repositioning while sentiment sits at the absolute floor. Below in in this video, I quickly walk through the game theory of what's playing out in crypto right now. Big players keep accumulating, retail keeps bailing at the exact bottom, and volatility itself has been used as a tool to shake out the smaller wallets. Whales have time and capital. Retail can play the same game...but only if the time horizon stretches past the next weekly or monthly candle. Focus!

Dan Gambardello

21,874 просмотров • 2 месяцев назад

Finally they're saying it...but it's not Bitcoin and never was.(Remember guys like him are the same ones that have been shouting Bitcoin and Ethereum for years. Why is he just now admitting he's known this all along?)

Finally they're saying it...but it's not Bitcoin and never was.(Remember guys like him are the same ones that have been shouting Bitcoin and Ethereum for years. Why is he just now admitting he's known this all along?)

Digital Asset Investor

895,524 просмотров • 3 лет назад

Google says quantum will break Bitcoin in 9 minutes. They need 500,000 qubits. They have 72. Your bank OTP, UPI, Aadhaar all of that is more vulnerable than Bitcoin. Closed systems, legacy code, zero transparency. Bitcoin is open source. The whole world audits it. It has been preparing for quantum for years. 17 years of FUD. Bitcoin is still here. Don’t sell. That’s exactly what this headline wants you to do. #Bitcoin #QuantumFUD #QuantumvsBitcoin #QuantumComputer #BitcoinFacts

Google says quantum will break Bitcoin in 9 minutes. They need 500,000 qubits. They have 72. Your bank OTP, UPI, Aadhaar all of that is more vulnerable than Bitcoin. Closed systems, legacy code, zero transparency. Bitcoin is open source. The whole world audits it. It has been preparing for quantum for years. 17 years of FUD. Bitcoin is still here. Don’t sell. That’s exactly what this headline wants you to do. #Bitcoin #QuantumFUD #QuantumvsBitcoin #QuantumComputer #BitcoinFacts

CryptoWala

180,998 просмотров • 3 месяцев назад

We have been excitedly waiting the announcement of Fractal Bitcoin Mainet. Now it is time for its builders to contribute to the Ecosystem 🚀 We are excited to share with you the first preview of the Nodino Fractal Telegram Game 🦖👾

We have been excitedly waiting the announcement of Fractal Bitcoin Mainet. Now it is time for its builders to contribute to the Ecosystem 🚀 We are excited to share with you the first preview of the Nodino Fractal Telegram Game 🦖👾

nodinoBtc

19,750 просмотров • 1 год назад