How are publicly traded miners staying solvent right now? Absolutely nuts how the hashrate is dislocating from the price. So many legacy PPA contracts have to be getting close to being (or already are) unprofitable.

Rough day for CEP … nice bounce back candidate. Hard to bet against @jack mallers and Tether on this one.

Japan should sell $100B of their US Treasuries and buy Bitcoin. Would be an important step to addressing their demographics catastrophe.

Bad news: For this bull market, the only catalyst that (likely) matters for an epic rip is the US Federal government’s bitcoin bill. If it passes, then game on to the mid six figures. If it doesn’t, we might be peaking in the high 100k and then entering into another flailing few years as the narrative seeks to coalesce. Good news: It seems like this administration knows that it needs bitcoin to catalyze an economic turnaround. Things aren’t going very good with continuing with the status quo.

@preston @HODL @less when is the 2Q mastermind episode?

MSTR is likely to announce a $6B+ profit for1Q25 … earnings call is May 1. The photo is what Google AI says analysts are expecting. 👀 🍿

Is this the quarter that Saylor and MSTR post their ridiculous bitcoin gains using the newly approved accounting technique? Through April 1, ~500,000 Bitcoin bought at an average purchase price of ~$65k/btc … price on March 31 was $81k/btc. Will they post a $8B quarterly profit for 1Q25? How will Wall Street react? Will they get into the S&P500?

How much should we trust Saylor? That’s the question top of my mind tonight…

Tether is the 7th largest holder of US treasuries. XXI is going to be a beast.

Capitalism works.

Holy crap this XXI might be the step that catalyzes the $1M Bitcoin bull run. True bitcoiners that we know will bitcoin the right way. Let’s see what Saylor does in response. Game on.

Bad news: the 4-year bitcoin cycle is dead Good news: the prevailing momentum will always be up.

How long until the first bitcoiner pope?