Price back in support channel, but beware - was an end of market BS pump. #Bitcoin
Spherecell
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Spherecell
Price back in support channel, but beware - was an end of market BS pump. #Bitcoin
Twice strongly rejected off resistance. Bearish.
Support turned resistance ๐ !
#Bitcoin
Support turned resistance. ๐ !
Support turning into resistance ? Let's find out.
#BitcoinBitcoin will absorb everything's monetary premium until we can buy whatever we want for its marginal cost of production.
#Bitcoin
Saylor just announced $42B in new buying power.
Here's the machine:
โ Sell STRC preferred stock ($1)
โ Buy BTC ($1)
โ Leverage rises
โ Sell MSTR common stock ($2)
โ Buy more BTC ($2)
โ Leverage resets
Net result: $1 raised = $3 of BTC purchased.
The MSTR ATM isn't just a fundraise.
It's the pressure valve that lets the STRC machine run forever.
#Bitcoin #MSTR
Get a kindle lol.
Bitcoin will absorb everything's monetary premium until we can buy whatever we want for its marginal cost of production.