Gm nostr fam ☕️ ☀️ Intentionally accepting bitcoin, a new, magical, volatile internet money as *your* money is such a wild concept. Y’all are a bunch of crazy psychopaths and I love you. We’re going to win.

I was sad that my college football team got rekt. Then I disappeared into the mountains for a few hours and enjoyed the autumn weather and colors. Sad feelings disappeared. Don’t overthink it.

To the Colorado bitcoiners in my social network: Bitcoiner ski trip this season? Let me know! Let’s shred some powder and talk about building a brighter future!

Proof of touching grass Get outside, get some fresh air, get some sunlight.

Gm nostr fam ☕️ ☀️ Dec. 2023, FASB unanimously voted to give bitcoin fair value accounting treatment as opposed to indefinite, intangible accounting treatment. This officially goes into effect Jan. 2025. Implications: MicroStrategy will be allowed to accurately report their earnings *and* marked to market Bitcoin holdings, both of which will “suddenly” reveal to Wall St. that MSTR is a $40B company generating $10B on profit per annum. If you look at how most tech companies are valued, they’re valued at 20-30x earnings (P/E ratio). That would imply a $200-$300B valuation for MicroStrategy at current performance and BTC price. With MSTR currently valued at $40B, this is a 5-7.5x increase in value. Further, by Nov 29 it’s looking like they’ll be included into $QQQ (NASDAQ 100 ETF) and it’s almost certain they’ll be included into $SPY (S&P500 ETF) in 2025, meaning they’ll receive billions of dollars passively as a result of their inclusion to the two most popular ETFs. Don’t overthink it.

100 pushups a day until $0.1M Hard body, hardest money ever #bitcoin

100 pushups a day until $0.1M Hard body; hardest money ever #bitcoin

100 pushups a day until $0.1M Hard body; hardest money ever #bitcoin

Gm nostr fam ☕️ ☀️ It is truly hard to fathom the paradigm shift that is occurring. Traditional finance wisdom that’s worked for the previous 60-year paradigm is no longer sound. Berkshire Hathaway, led by Warren Buffett, has more T-Bills than the Federal Reserve, but Treasury yields are increasingly adequate. This current paradigm is all about hard money, and Bitcoin is the hardest money ever. Don’t overthink it.

100 pushups a day until $0.1M Hard body; hardest money ever #bitcoin

Gm nostr fam ☕️ ☀️ Bitcoin is an idea whose time has come. Don’t overthink it.

Gm nostr fam ☕️ ☀️ Bitcoin is the most powerful asset on earth, and most people don’t know the first thing about it. Go outside, get some fresh air, touch some grass, maybe even watch some college football. We’re going to win; just don’t overthink it.

100 pushups a day until $0.1M Hard body, hardest body ever #bitcoin

Gm nostr fam ☕️ ☀️ If you have substantial exposure to Bitcoin, these next two years will test you unlike any other. There will be days and weeks where your net worth will wildly fluctuate, and those fluctuations may shake your confidence. Get away from the screen, go get some sunlight, and touch some grass. Don’t overthink it.

Keep in mind that CPI is still declining, September’s print came in just 10bps higher than expectations. Monetary authorities will probably read this as validation that they’ve done a good job, that CPI is returning to the 2% target, and that further rate cuts are warranted. In short, bullish.

100 pushups a day until $0.1M Hard body; hardest money ever #bitcoin

Gm nostr fam ☕️ ☀️ CPI is a synthetic, manipulated pseudo-metric that almost has no relation to reality. I know it, you know it, almost everyone knows it. Yet 10bps in either direction will result in market euphoria or panic. Peak clown world. Buy bitcoin; don’t overthink it.

100 pushups a day until $0.1M Hard body; hardest money ever #bitcoin

Gm nostr fam ☕️ ☀️ I sent my graduate finance professor @Lyn Alden's recent article, “A New Look at Corporate Treasury Strategy”. He disregarded her conclusion because Bitcoin is too volatile. Sure, it may work in practice, but does it work *in theory?* Don’t overthink it.

Lyn Alden

A New Look at Corporate Treasury Strategy

Published: August 2024 In the modern era of corporate finance, the balance sheet of a corporation has trended toward being less important relative ...

Bitcoin Twitter is turning into MicroStrategy Twitter likely because of MSTR’s recent outperformance. MSTR is a leveraged Bitcoin position, but don’t mistake it for the real thing. Don’t get too wrapped up in chasing fiat that you lose focus; we’re creating a Bitcoin world. The goal is more Bitcoin, not more dollars. Don’t overthink it.