Hey bro, don’t hold back. I will not be upset… probably
I still believe in Bitcoin and I don’t care a lot about the fud. Every month, I will have more Bitcoin than one month before. Just for my wife’s mental sake, I keep a little bit more CHF, gold and some Swiss stocks (just because now we have a much larger amount in CHF as it was during the last bear market).
I keep an eye on the developments in the Bitcoin “industry” (mostly here in Lugano or wider in Switzerland and Europe, much less in the US), but reduced overall consumption of “news”.
So go ahead!
I’ll start sweating, when my favorite Bitcoin Twitter gods start…
Interesting thing is that MSTR is now close to be at net loss for their BTC holdings (bought since inception of MSTR buy Bitcoin strategy in 2020). I think now it’s tougher for them to raise capital and Chanos must have made a lot of money to their shorts on MSTR.
I understand they have cash reserves of ober 2Bn earmarked for paying their ongoing obligations of about 800M p.a (prefered share dividends, interests on debt). So it seems like they can hold out a cold crypto winter for quite a bit longer. No margin calls in their finance setup asfaik.
Im not saying they have a fun time now.. just saying that to my knowledge - they can sustain low prices for quite some time (unlike most other highly leveraged investors)
Right, did he now? I am not following. More important I believe that BTC will go up again in the future for no other reason than that people believe that it will go up (again). That and whales pumping and dumping. That said, I don’t really know that I have the guts to put 30k in BTC, my tolerance for playmoney is probably around 5k.
I mean strategy has >600’000 bought at an average of 74k. My understanding is there’s only 20m bitcoins and a large amount are lost. Surely there is going to be some crazy dynamic once they have to start selling…
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