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This is the #1 way that I use to stack tons of extra, easy bitcoin. And I'm not even *buying* it. ~$8,000 worth in 1.5 years... not a joke. People really dismiss this combo, but it makes a huge difference if you use them consistently. 👇 Shout to FOLD...

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Guy Swann

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110,553 görüntüleme • 1 yıl önce •via X (Twitter)

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Guy Swann1 yıl önce

Obligatory referral links that all come with free sats 👇

Travala.com 🏨 ✈️ profil fotoğrafı
Travala.com 🏨 ✈️4 yıl önce

This one's for the Crypto Whales 📣 NEW exclusive & luxurious experiences have been added to Apply today & #TravelUnlikeAnyOther with your favorite cryptocurrency. #Bitcoin

SaltyBlonde profil fotoğrafı
SaltyBlonde1 yıl önce

@fold_app @theBTCco @Strike I use my @fold_app card for absolutely everything ~ especially to pay bills. I have over 14,300,000 SATs in rewards (about $13,000 fiat) . Pay my mortgages, get .5% SATs back ~ easiest hack of all time

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Doug Devine1 yıl önce

@fold_app @theBTCco @Strike I consider myself very informed (listen to you and others all the time) but I learned 3 things from this one vid: 1. privacy is enhanced using gift cards 2. tax basis is determined when you withdraw the reward sats 3. The Bitcoin Company-Strike trick You rock, dude!

Guy Swann profil fotoğrafı
Guy Swann1 yıl önce

@fold_app @theBTCco @Strike

₿TC-G🧡⚡️🟠 profil fotoğrafı
₿TC-G🧡⚡️🟠1 yıl önce

@fold_app @theBTCco @Strike It's not $8k but it's free sats I wouldn't have other wise . Appreciate it @fold_app 🫡

FOLD BITCOIN profil fotoğrafı
FOLD BITCOIN1 yıl önce

@TheGuySwann @theBTCco @Strike So...yes... haha

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SkeeryTerry1 yıl önce

@fold_app @theBTCco @Strike @Gemini credit card has been pretty awesome for me as well! No issues and once it’s piled up along with DCA, off to cold storage it goes. Highly recommended.

Guy Swann profil fotoğrafı
Guy Swann1 yıl önce

@fold_app @theBTCco @Strike @Gemini I haven't done their credit card, been waiting on @fold_app to get one 😈 But i'll probably be adding one in and doing the bill pay with @Strike and/or Fold when they have bill pay boosts, stacking them gets serious sats back.

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Ersats/z1 yıl önce

@fold_app @theBTCco @Strike Usually it’s more lucrative and more convenient to pay for everything with a 2-5% cash back rewards credit card and just buy BTC on Strike with the rewards.

Benzer Videolar

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!
1:57

So, does it matter that Bitcoin seems to be moving away from its cypherpunk roots? Bitcoin ETFs and Bitcoin Treasuries have taken BTC mainstream. So I asked Saifedean Ammous this very question. His answer might surprise you... 👀👇 "If you have very strong feelings about how people should and shouldn't use Bitcoin, you're in for a rough time." "To be honest, a lot of people project too much onto Bitcoin. Ultimately, it's just a bunch of software and anybody can use it in any way they want. Initially, it's a small subset of people that use it and then they start projecting their values onto it. And then over time, they expect it to continue to abide by that," Ammous said. "If it's a successful technology, it's going to be used by everybody. It's going to be used by small businesses, large businesses, governments, individuals. It's money. Everybody uses money. There are 8.5 billion people on Earth, they all use money and they're all going to continue to use money. And Bitcoin is just the best money." Ultimately, the protocol itself is immune to the financial instruments that TradFi has concocted. If people want to lend against their BTC or create complex financial products, that does not actually impact the underlying network. "The way that the protocol works is that it's completely blind to what you're doing with your coins on the Bitcoin blockchain there is no paper Bitcoin there's no such thing as paper Bitcoin there's only 21 million Bitcoin and every node makes sure of that every 10 minutes and then if somebody who has some of these Bitcoin on their private key decides to sell obligations or financial liabilities referring to that Bitcoin under any condition, that's their choice. It's outside of Bitcoin and it's outside of the realm of other Bitcoin users being able to say this is right or wrong and this should happen or shouldn't happen. People are going to do whatever they want with the Bitcoin, including selling access to it or exposure to it in all kinds of different ways. And if you don't like it, you don't buy it, you can stack your own Bitcoin." You can find the full interview for Cointelegraph in the 🧵. If you enjoyed this content, please like 🧡, retweet 🔁 and follow me 👋!

Gareth Jenkinson

34,417 görüntüleme • 9 ay önce

Is Saylor selling Bitcoin low only to buy it back higher with STRC? "Clearly selling Bitcoin is not a problem, and the fact that he's not buying is seemingly not a problem for the market either. But the thing I'm wondering now, and this remains open ended, is now that he's selling Bitcoin to buy STRC, what happens when STRC inevitably gets back to a hundred bucks and the old machine of using STRC to buy Bitcoin kicks back into motion?" "Are they actually going to be selling STRC to buy Bitcoin back at a higher price? Are we selling the lows on Bitcoin after buying the highs, only to buy that Bitcoin back higher with the very same instrument he's buying back? I'd say Michael Saylor here is in a bit of a pickle" "Having this not be the main narrative for crypto at the moment is really good news. Michael Saylor spent years turning dollars into Bitcoin. Now he's discovered there's a reverse button, and I don't love it"
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Is Saylor selling Bitcoin low only to buy it back higher with STRC? "Clearly selling Bitcoin is not a problem, and the fact that he's not buying is seemingly not a problem for the market either. But the thing I'm wondering now, and this remains open ended, is now that he's selling Bitcoin to buy STRC, what happens when STRC inevitably gets back to a hundred bucks and the old machine of using STRC to buy Bitcoin kicks back into motion?" "Are they actually going to be selling STRC to buy Bitcoin back at a higher price? Are we selling the lows on Bitcoin after buying the highs, only to buy that Bitcoin back higher with the very same instrument he's buying back? I'd say Michael Saylor here is in a bit of a pickle" "Having this not be the main narrative for crypto at the moment is really good news. Michael Saylor spent years turning dollars into Bitcoin. Now he's discovered there's a reverse button, and I don't love it"

The Wolf Of All Streets

36,187 görüntüleme • 20 gün önce

Bitcoin hit $110,000 this week. But what if I tell you the most important aspect of bitcoin is not about number go up? It goes way deeper than that…
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Bitcoin hit $110,000 this week. But what if I tell you the most important aspect of bitcoin is not about number go up? It goes way deeper than that…

isa⚡️

22,740 görüntüleme • 1 yıl önce

"That is way more traceable than cash, it makes absolutely no sense" Mert on the Bitcoin privacy myth that TV shows keep pushing "The concept of privacy is ironically implicitly assumed when you're talking about Bitcoin to anybody outside of the industry. If you ever watch a TV show like The Blacklist, the context in which Bitcoin comes around is generally some criminal asking another person for ransom" "Every time I watch something like that I'm like, what are you doing? That is way more traceable than cash, it makes absolutely no sense. It's this deep belief where you think, oh it's cryptographic money, obviously it must be private" "It's not even really understood that no, it's actually traceable. Digital gold, as the official Bitcoin account, which I'm not even sure who owns that on Twitter, literally says in their bio"
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"That is way more traceable than cash, it makes absolutely no sense" Mert on the Bitcoin privacy myth that TV shows keep pushing "The concept of privacy is ironically implicitly assumed when you're talking about Bitcoin to anybody outside of the industry. If you ever watch a TV show like The Blacklist, the context in which Bitcoin comes around is generally some criminal asking another person for ransom" "Every time I watch something like that I'm like, what are you doing? That is way more traceable than cash, it makes absolutely no sense. It's this deep belief where you think, oh it's cryptographic money, obviously it must be private" "It's not even really understood that no, it's actually traceable. Digital gold, as the official Bitcoin account, which I'm not even sure who owns that on Twitter, literally says in their bio"

Laura Shin

11,837 görüntüleme • 1 ay önce

this is the fastest way to stack more bitcoin and it isn’t a new income stream. do this and you'll get a fraction of bitcoin a year.
9:59

this is the fastest way to stack more bitcoin and it isn’t a new income stream. do this and you'll get a fraction of bitcoin a year.

isa⚡️

17,197 görüntüleme • 5 ay önce

"The dream was to build on Bitcoin" BRC2.0 makes it possible to build on Bitcoin. A massive shoutout to The Defiant for making this documentary 🫡
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"The dream was to build on Bitcoin" BRC2.0 makes it possible to build on Bitcoin. A massive shoutout to The Defiant for making this documentary 🫡

Best in Slot | BRC2.0 🧑‍🍳

46,135 görüntüleme • 6 ay önce

Harvey Levin says the latest letter sent to TMZ isn’t a ransom note but a demand for one bitcoin in exchange for the alleged kidnapper’s identity: “This letter that we got this morning is not a ransom letter. It is a letter saying that the person who wrote it knows the identity of the kidnapper, and for the price of one bitcoin, that person will disclose the information. The person gives a bitcoin address. We have checked it all day so far, and there is no bitcoin that has been deposited. If this is a hoax, it’s a crime. We’ve turned this over to the FBI and the sheriff’s department.”
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Harvey Levin says the latest letter sent to TMZ isn’t a ransom note but a demand for one bitcoin in exchange for the alleged kidnapper’s identity: “This letter that we got this morning is not a ransom letter. It is a letter saying that the person who wrote it knows the identity of the kidnapper, and for the price of one bitcoin, that person will disclose the information. The person gives a bitcoin address. We have checked it all day so far, and there is no bitcoin that has been deposited. If this is a hoax, it’s a crime. We’ve turned this over to the FBI and the sheriff’s department.”

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AVAX and ADA have underperformed Bitcoin consistently from 2023 until today. A coin that never outperforms Bitcoin, even in a bull run, is not a blue chip. It is just a slower way to hold Bitcoin.
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AVAX and ADA have underperformed Bitcoin consistently from 2023 until today. A coin that never outperforms Bitcoin, even in a bull run, is not a blue chip. It is just a slower way to hold Bitcoin.

VirtualBacon

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MICHAEL SAYLOR: NEVER SELL YOUR BITCOIN IS ADVICE FOR PLEBS, NOT FOR STRATEGY. “I GOT VERY VERY FAMOUS FOR SAYING YOU DO NOT SELL YOUR BITCOIN TO THE PLEBS… THAT IS NOT THE WAY YOU WOULD RUN A BITCOIN FINANCE COMPANY”
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MICHAEL SAYLOR: NEVER SELL YOUR BITCOIN IS ADVICE FOR PLEBS, NOT FOR STRATEGY. “I GOT VERY VERY FAMOUS FOR SAYING YOU DO NOT SELL YOUR BITCOIN TO THE PLEBS… THAT IS NOT THE WAY YOU WOULD RUN A BITCOIN FINANCE COMPANY”

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I've decided to step down as CEO of Twenty One. This wasn't an easy decision, but it was the right one. This experience brought tremendous clarity about who I am and what I want to build. My life's work remains Bitcoin. My Bitcoin company is STRIKE. The work continues.
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I've decided to step down as CEO of Twenty One. This wasn't an easy decision, but it was the right one. This experience brought tremendous clarity about who I am and what I want to build. My life's work remains Bitcoin. My Bitcoin company is STRIKE. The work continues.

Jack Mallers

2,067,788 görüntüleme • 1 ay önce

Bitcoin is oversold! At least according to Fairlead's Katie Stockton: "The good news for Bitcoin traders or investors is that we have a long-term oversold condition." "We're looking for stabilization. Ideally it does happen in this range." "I'm a Bitcoin bull... I'm not really on board with these four year cycles. We don't really have enough of them to feel confident in them but I'm always looking for signs of downside exhaustion for that opportunity."
2:00

Bitcoin is oversold! At least according to Fairlead's Katie Stockton: "The good news for Bitcoin traders or investors is that we have a long-term oversold condition." "We're looking for stabilization. Ideally it does happen in this range." "I'm a Bitcoin bull... I'm not really on board with these four year cycles. We don't really have enough of them to feel confident in them but I'm always looking for signs of downside exhaustion for that opportunity."

Altcoin Daily

78,338 görüntüleme • 2 ay önce

This is the former President of PayPal talking about using #Bitcoin to make the $7.5 Trillion DAILY Foreign Exchange Market a much more efficient & profitable place. He is talking about building what Strike is building and compared the current monetary rails to a fax machine. I also completely agree with him that #Bitcoin will not be the currency people use to buy goods and services, however, it is a great settlement layer where you can have USD effectively on #Bitcoin rails and do immediate settlements. This is the best explanation of a corporate application of #Bitcoin being used as an invisible service layer that I've heard. If you think the corporates "don't get it" and only Twitter Anon's can "get it" - you're a moron. These people are smart and can catch up quickly with manpower. To put it into perspective, if 25% of the Daily Foreign Exchange market was on #Bitcoin rails it means $1.875 Trillion of daily consistent demand for #Bitcoin. That would equate to a $225 Trillion #Bitcoin Market Cap - assuming BofA's Bull Market Multiple is right. This means - just 25% of this market alone coming onto the #Bitcoin Rails would add $10.5m onto the price of #Bitcoin. Thanks for finding the video!
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This is the former President of PayPal talking about using #Bitcoin to make the $7.5 Trillion DAILY Foreign Exchange Market a much more efficient & profitable place. He is talking about building what Strike is building and compared the current monetary rails to a fax machine. I also completely agree with him that #Bitcoin will not be the currency people use to buy goods and services, however, it is a great settlement layer where you can have USD effectively on #Bitcoin rails and do immediate settlements. This is the best explanation of a corporate application of #Bitcoin being used as an invisible service layer that I've heard. If you think the corporates "don't get it" and only Twitter Anon's can "get it" - you're a moron. These people are smart and can catch up quickly with manpower. To put it into perspective, if 25% of the Daily Foreign Exchange market was on #Bitcoin rails it means $1.875 Trillion of daily consistent demand for #Bitcoin. That would equate to a $225 Trillion #Bitcoin Market Cap - assuming BofA's Bull Market Multiple is right. This means - just 25% of this market alone coming onto the #Bitcoin Rails would add $10.5m onto the price of #Bitcoin. Thanks for finding the video!

BRITISH HODL ❤️‍🔥🐂❤️‍🔥

229,736 görüntüleme • 3 yıl önce

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.
11:54

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 görüntüleme • 11 ay önce

Bitcoin for the future. This holiday, share something that lasts. A small way to help someone you love begin their bitcoin journey. The Fold Bitcoin Gift Card ™️ lets you give up to $500 in bitcoin. Terms & Conditions Apply.
1:33

Bitcoin for the future. This holiday, share something that lasts. A small way to help someone you love begin their bitcoin journey. The Fold Bitcoin Gift Card ™️ lets you give up to $500 in bitcoin. Terms & Conditions Apply.

FOLD BITCOIN

16,234 görüntüleme • 8 ay önce

“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”
2:00

“I'm not a huge hater of the institutions. I wasn't a huge hater of altcoins. These institutional products are just kind of altcoins. People can go make their money. Go do your thing. But it's not Bitcoin. An ETF is not Bitcoin. With these centralized projects, you're not getting the core values of Bitcoin, the control, the censorship resistance, the privacy. You're putting it in a centralized wrapper, and if you put Bitcoin in a centralized wrapper, you lose everything that's good about it. It's not Bitcoin. It's just an affinity marketing thing. It's “Hey, you like Bitcoin, go buy my other project." Just like, "Hey you like bitcoin? Go buy my altcoin." It's not the same thing, and I think in many ways it's a step backwards. I don't hate these people, but they certainly shouldn't be celebrated. It's not forwarding our industry if we do treasury strategies, if we do ETFs, we cheer for BlackRock and Cantor. That's a step backwards. It's not something to be cheerful for. It's not a victory, in my opinion. A victory is having more people have direct ownership of real Bitcoin. We now have millions of people who've been onboarded into this fake paper thing that's a claim on a claim on a claim of something that has Bitcoin in the words, but it's not actually Bitcoin. They are never actually holding a wallet like many of us did back in 2012 where somebody sent us that first dollar and you say, "Wow, this is cool. I didn't need to give my ID and I'm able to control and hold this sound money for the first time." You now have a whole generation of millions of people that don't have that. They have some junk fiat product sitting like sludge on their centralized brokerage account at the centralized clearing firm, traded on a centralized exchange, with a centralized transfer agent, and a centralized custodian, and they have to trust six levels of people on a claim for something that has the word ‘Bitcoin’ in it. It's not a victory. It's not a step forward. I don't think it's something that should be celebrated at all.”

Bruce Fenton

23,882 görüntüleme • 8 ay önce

"Liquidium is a great use of the technology that we've built." — Pierre Here's how Liquidium | Bitcoin Loans makes use of the ICP tech stack: Chain Fusion works subtly in the background but delivers something critical - truly native Bitcoin lending that eliminates the risks of existing systems. No bridges. No wrapped tokens. Just Bitcoin DeFi, done right.
0:28

"Liquidium is a great use of the technology that we've built." — Pierre Here's how Liquidium | Bitcoin Loans makes use of the ICP tech stack: Chain Fusion works subtly in the background but delivers something critical - truly native Bitcoin lending that eliminates the risks of existing systems. No bridges. No wrapped tokens. Just Bitcoin DeFi, done right.

DFINITY Foundation

10,635 görüntüleme • 5 ay önce

THE USA IS GOING TO BUY BITCOIN... BUT NOT IN THE WAY YOU THINK. IMAGINE TREASURY BONDS... BACKED BY BITCOIN. INSTITUTIONS AND NATIONS WILL GET EXPOSED TO $BTC WITH LOWER RISKS, BUT GREATER POTENTIAL UPSIDE. THIS COULD BE HUGE FOR BITCOIN DEMAND!!! WATCH THE FULL VIDEO NOW👇👇👇
0:45

THE USA IS GOING TO BUY BITCOIN... BUT NOT IN THE WAY YOU THINK. IMAGINE TREASURY BONDS... BACKED BY BITCOIN. INSTITUTIONS AND NATIONS WILL GET EXPOSED TO $BTC WITH LOWER RISKS, BUT GREATER POTENTIAL UPSIDE. THIS COULD BE HUGE FOR BITCOIN DEMAND!!! WATCH THE FULL VIDEO NOW👇👇👇

Kyle Chassé 🐸

24,145 görüntüleme • 1 yıl önce

If you buy 1 bitcoin on an exchange (or buy 1 bitcoin directly to cold storage at Unchained), you're not actually buying 1 bitcoin. You're buying 100,000,000 bitcoins. Values in bitcoin are something called 64-bit integers, where 1 coin is represented within Bitcoin Core, the bitcoin software, as 100,000,000 units. Satoshi didn’t suggest we can name these smaller units something else. He suggested we call it bitcoin. Similar to a stock split. The smallest unit is still called a share of Apple, Amazon, or another company, but previous shareholders might receive 2 shares for 1, 8 shares for 1 or even more. So 1 bitcoin really equals 100,000,000 bitcoins.
1:58

If you buy 1 bitcoin on an exchange (or buy 1 bitcoin directly to cold storage at Unchained), you're not actually buying 1 bitcoin. You're buying 100,000,000 bitcoins. Values in bitcoin are something called 64-bit integers, where 1 coin is represented within Bitcoin Core, the bitcoin software, as 100,000,000 units. Satoshi didn’t suggest we can name these smaller units something else. He suggested we call it bitcoin. Similar to a stock split. The smallest unit is still called a share of Apple, Amazon, or another company, but previous shareholders might receive 2 shares for 1, 8 shares for 1 or even more. So 1 bitcoin really equals 100,000,000 bitcoins.

Joe Burnett, MSBA

291,300 görüntüleme • 1 yıl önce