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This is another piece about #kaspa and why you should accumulate as much as possible. I think people don't realize yet the tangible progress that $kas had from the launch of the project. And who complains about the chart going sideways for a few months, that is called redistribution...

11,501 views • 1 year ago •via X (Twitter)

8 Comments

Shantee Chris's profile picture
Shantee Chris1 year ago

just DCA and chill

moxypixy-𐤊's profile picture
moxypixy-𐤊1 year ago

Excellent read, well done 🔥 Just one thing - kaspa is a blockDag😊

Mango 🥭💚's profile picture
Mango 🥭💚1 year ago

Amazong video brother

Quant Data's profile picture
Quant Data2 years ago

🚨 $TSLA is up over 10% again 🚨 Yesterday morning, we tweeted about multiple $4M+ OTM call spikes on $TSLA. TSLA rose $12+ yesterday and $21+ more today. Want to see trades like this? Try our 7 day free trial at:

Patrick Peace's profile picture
Patrick Peace1 year ago

Thank you for the stale chatGPT summary.

SatoshiBroker's profile picture
SatoshiBroker1 year ago

First of all that is not Chat GPT Second, adoption will come. Bitcoin adoption has grown over the years, not suddenly. Crypto is still very early and new for retail. Kaspa solves the Trillema of the blockchain and will be utilized in every aspect of life, as it`s the only project that can sustain high transaction speeds while staying decentralized and secure.

Onetenth 🍑's profile picture
Onetenth 🍑1 year ago

A few months? You mean a whole year

SatoshiBroker's profile picture
SatoshiBroker1 year ago

The longer the acumulation period the greater the pump

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37,051 views • 7 months ago

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83,516 views • 2 years ago

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11,448 views • 6 months ago

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120,344 views • 3 months ago

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62,939 views • 10 months ago

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29,171 views • 4 months ago

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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 views • 10 months ago

Exactly One Year Ago, Everything Changed. On November 26, 2023, I shared one of the biggest decisions of my life with you: acquiring the Punks on Bitcoin collection. It wasn’t just about a collection—it was about stepping into history, about believing in a future where Bitcoin isn’t just the world’s most powerful store of value, but its ultimate canvas for culture and innovation. When I look back, I’m reminded of that first piece: the hoodie alien. It wasn’t just an Inscription ; it was a symbol of what could be—a reminder that Bitcoin is more than blocks and nodes; it’s a story we’re writing together. Today, I’m not here to reflect on the past—I’m here to share where we’re going next. Because this past year wasn’t just about preserving what Punks on Bitcoin is. It was about reimagining what it could become. To mark this anniversary, we’re unveiling two milestones: 1️⃣ Our New Website – A reflection of our identity and vision. More than just a homepage, it’s a statement: sleek, elegant, and true to the ethos of Punks on Bitcoin. It’s where the past meets the future. 2️⃣ Our Virtual Showroom – This is where the experience becomes tangible. Immerse yourself in the world of Punks, interact with the art, and feel what it means to be part of this movement. In addition to these milestones, last October marked another significant moment in our journey. We organized our first 10k Ordinals Night during BTC Amsterdam—a night dedicated to celebrating this movement and its community. What began as a single evening holds the promise of becoming a recurring series, a tradition that brings us together to shape the future of Ordinals. But let’s be clear: these aren’t the endpoints. They’re just the beginning. Every decision we’ve made has been driven by one mission: to position Punks on Bitcoin among the most iconic and impactful projects in the Ordinals ecosystem. This journey is far from over. And if you’re here, reading this, you’re part of it too.

imper1um

10,935 views • 1 year ago