Software developer and investor.
Bitcoin is the greatest brand of all.
#BITCOIN price drivers:
1. Inflation
2. Adoption
3. Utilities - L2, 3, 4, 5 applications
4. Oceans of institutions & nation states money is coming
5. Bitcoin will demonetize gold, bonds, stocks & real estate
6. Bitcoin ETF
7. FASB accounting for bitcoin
8. Bitcoin will eat all shitcoins
Everything I said here is not financial advice, please do your own research.
Bhutan mined $780 million in #Bitcoin using renewable hydropower, becoming the world's 4th-largest government Bitcoin holder. More countries are coming soon, we are just getting started.
This is perhaps the most important component of this $MSTR convertible offering. They will be clearing the balance sheet of the Secured Notes which cost ~$30.6M annually in interest expense.
“MicroStrategy intends to use the net proceeds from this offering to redeem all $500.0 million outstanding aggregate principal amount of MicroStrategy’s 6.125% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and to use any balance of the net proceeds to acquire additional bitcoin and for general corporate purposes.”
There are two things about #Bitcoin that new investors need to internalize:
1️⃣ The fiat price of Bitcoin will be volatile.
2️⃣ The fiat price of Bitcoin will always increase.
Once you understand those two things, the journey is simple.
- Samson Mow
The S&P 500 added $1.8 TRILLION in market cap last week, posting its best week of 2024.
This comes just days after the index added nearly $5 TRILLION in market cap between August 5th and August 30th.
There will come a time people will add $5 TRILLION market cap into #bitcoin instead of S&P 500. Plan accordingly.