281 sats \ 16 replies \ @siggy47 1 Mar \ on: Saylor Moon bitcoin
Exactly right! I know you don't respond here, but I'm so happy to read this from you. I really believed your anti rent seeking and anti Cantillon principles would prevent you from endorsing this, or even enjoying it. I have been playing this game on a tiny scale myself for the past few years. One thing which is interesting, though I didn't exactly recall his rationale, is that Fred Kreuger believes microstrategy will somehow suffer relative to the ETFs because of its high debt level. His theory doesn't make sense to me, but I think he discusses it here:
https://fountain.fm/episode/eJvQeeAhLYYiu0e7RqUx
MSTR might suffer in the sense that people who were looking for bitcoin proxies in tradfi will just go straight to the etf now but I think MSTR will benefit from the fact that eventually they will get into the S and P 500 and get the persistent passive bid which will just allow Saylor to issue more shares and buy more bitcoin.
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Guess who is the biggest backer of MSTR?
Blackrock is the main one pumping money into MSTR. They work together, but not in Bitcoin interest....
When I see so many bitcoiners kissing Saylor ass, it makes me puke...
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Don't let them fool you with nice words about Bitcoin.
Both of them DO NOT WANT to destroy the fiat system.
They are big sharks swimming in the vast ocean of fiat... destroying it it will be their death.
What they want is again the same scheme banskters did in the past with gold: give me your gold and I will give you this nice paper IOU.... until people realized that there's no more gold in the vaults.
SAME SCAM over and over and people seems to fall again for it.
I am warning everybody: Saylor IS NOT OUR FRIEND. Be aware.
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Appreciate you Darth.
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It's true what you say but they (Blackrock) don't have a lot to say in the matter. People will use Bitcoin more and fiat less and they know it. Fiat will not be gone ( not in a hundred years) but the scale will shift so drastically that we will not recognize it. Saylor is our friend for NOW , it works for both sides, he provides free advertisement and we get BTC more worth (if you think fiat). No one can predict the future. As always, one should use its own brain and be situationally aware. One major thing I agree with is what Jack Dorsey said "You want something to thrive (tech or whatever) Use it!" We should use these sharks do to the heavy lifting, look at the speed how BTC ETF got to 10B, and ask every store you go to if they accept Bitcoin, that's how we win. ... IMHO of course.
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Just don't give them your sats
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Jaysus. MSTR starting to look like the ultimate meme stock.
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No fees unlike etf
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Success in this trade means a very different / rough / tumultuous world shifting with extreme volatility disrupting the fabric of a lot of society as we know it. Government, Real estate, banking, surveillance, education, insurance, AI, etc.
This is a very serious trade, do not take that responsibility lightly. This is also why @saylor appears so serious all the time, he understands the gravity of this situation, and he has game theoried the way to the proverbial black hole finish line. The gravity of $MSTR & #BTC will consume everything around it.
I, too, somehow feel MSTR is going to play a role in disrupting the system in tandem with BTC, although it's still a bit over my head.
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This effect will become stronger as MSTR's market cap grows and especially once it's bought passively through index funds tracking the S&P 500, Nasdaq-100 etc.
The stock attracts a premium over the value of their BTC holdings. They issue more shares, which dilutes the stock, but they buy more BTC with the proceeds and end up with more BTC per share. What TradFi is used to viewing as dilution, ends up being accretive.
Hedge funds are also shorting MSTR and hedging it with long BTC positions in the hope of earning risk-free money they see in the erasure of the premium (effectively delta-neutral on BTC + alpha in the premium). But demand exceeds supply, which is pushing the price higher and squeezing the shorts.
I have yet to wrap my head around what happens when BTC dips or enters a bear cycle (if that is ever to happen).
There are also stock buybacks, which I don't understand in this context, but those bullish guys on X think it would push it up even higher.
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Yes, its a structural btc pump.
The other part that doesn't get talked about enough is that the prevailing P/E of most mature companies is hovering around 25-35x. This range is enforced by algos, you basically have a bunch of algos that automatically use 30x as a 'floor' for P/E levels
This means if you can grow revenues by $1 - you get $30 of stock value appreciation automatically. So you dilute that and use that to buy more bitcoin.
For any company with revenue, this is basically a cheat code to infinitely inflate stock price.
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A 2 hour long X Space discussing this:
https://twitter.com/i/spaces/1DXxyjlQZlyKM?s=20
Imagine GME, but as it goes up for whatever reason (inflows of passive money, short squeezes etc.) it locks in the profits from the absurd moves up by buying more BTC. And you end up with GME that can't go down in BTC terms, and you can repeat that ad infinitum.
P.S. No need for zaps, you've zapped me enough!
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Check out @PunterJeff on X. @ryQuant is good too.
Jeff thinks MSTR will hit $250k in 2029.
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