Weak stack … come on Abu Dhabi … do better. View quoted note →
BoomTown
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scarcity requires trade-offs.
This is the way … but best to do it during the bear market. View quoted note →
“Long your longs!” David Bailey 1/18/2025 View quoted note →
(Objectively) Worst. Bull. Run. Ever. (Still.) View quoted note →
NGU is necessary to bitcoin’s success.
Sorry, I don’t make the rules.
What happens when Saudi Arabia’s 80+ year old conventional oil production goes on decline? We “suddenly” lose ~1M bbls/day … the supply shock to global markets will be real. The oil industry will hustle to build capacity to compensate but meaningful replacement supply will take 3-5 years to come online. And it will be from more expensive sources (oil sands, extreme deep water, very tight shale oil, etc.).
Existing oil production (even that already on decline) will become much, much more valuable.
Time in the market vs. timing the market. View quoted note →
(Objectively) Worst. Bull. Run. Ever. View quoted note →
@Marty Bent is so excited for Bretton Woods 2.0 … it’s gonna be fun to listen to him as it comes to pass.
I am a MSTR shareholder calling for proof of reserves. View quoted note →
Imagine being @Michael Saylor - a bitcoin maxi - and trusting these clowns at Coinbase with your bitcoin. The literal value of your entire company is partially stored with a facilitator of shitcoins. This will end well.
As a MSTR shareholder, I believe MSTR should be using a bitcoin only custodian - like Unchained or Onramp - in addition to Fidelity. View quoted note →
The ETFs have bought ~2.5x the new issuance of bitcoin since their inception.
MicroStrategy (alone) claims to have bought ALL the new issuance of bitcoin over the last year.
“…But but but ‘profit taking’…” is keeping the supply shock from occurring?
No … Coinbase - enabled by others - is fractional custodying bitcoin. We have huge amounts of paper bitcoin suppressing the price.
They’re literally going to flood the market with shitcoins, buy shitcoins, advocate holding shitcoins so that a fraction of the capital that should make it into bitcoin goes into bitcoin.
I am a MSTR shareholder calling for proof of reserves.