Cincy's avatar
Cincy
Cincy@verified-nostr.com
npub1q22d...zq27
i like bitcoin, memes, and other freedom tech
Cincy's avatar
cincy 1 year ago
could be a boomer take but I love the new Nostr Reads tab on Primal. Such a clean reading experience with 0 ads, I’d rather read all my news articles there than anywhere else.
Cincy's avatar
cincy 1 year ago
it’s ironic that one of the biggest beneficiaries of Bitcoin’s recent success is Vanguard. Vanguard has been publicly critical to those allocating to #Bitcoin and the recently launched ETFs, however they are the second largest shareholder of MicroStrategy #MSTR through their swath of index ETFs. As Bitcoin’s price has risen, MicroStrategy’s treasury has also risen and the market has begun to speculate what that treasury could look like 5, 10, 15 years into a Michael Saylor financial engineering regime. As the treasury multiple has risen, Saylor has taken advantage of that premium and bought more Bitcoin and increased MSTR’s BTC per share. This has sizably shrinks the amount of available Bitcoin on the market and raises the price. (MicroStrategy has been able to accelerate BTC purchases, achieving 40%+ BTC yield YTD during a halving year) As MicroStrategy’s share price continues to rise aggressively, the amount of passive fees Vanguard scrapes off their ETFs rises as well. It’s incredible that the Bitcoin network is so powerful that even those that try to oppose it are benefitting from it. we are still very very early in this journey
Cincy's avatar
cincy 1 year ago
is the market waking up to the Saylor/MSTR snowball effect? his NAV keeps slowly creeping up, enabling more BTC purchases, moving BTC up, making his NAV creep higher.. feels like more normies are figuring this out
Cincy's avatar
cincy 1 year ago
what was a very conservative MSTR allocation has now turned into the largest individual holding in my taxable brokerage lol. god bless BTC and god bless Michael Saylor
Cincy's avatar
cincy 1 year ago
my dad has been a no coiner and for years has put up with me trying to orange pill him. This goes back to #bitcoin sub 15k. today, using @River he finally got off 0! super happy for him and hopefully more family members will follow. I guess price is the biggest driver of conviction after all.
Cincy's avatar
cincy 1 year ago
so this turned out to be a really good decision lol. one of the biggest white pills I took was that buying a house is within anyone’s reach if you work hard and save money in a currency that doesn’t steal from you View quoted note →
Cincy's avatar
cincy 1 year ago
can someone in the Trump admin convince him to revoke KYC and would they have the power to get it done?
Cincy's avatar
cincy 1 year ago
so you’re telling me Cardi B couldn’t swing the vote for kommiela?
Cincy's avatar
cincy 1 year ago
FUCK KAMALA HARRIS #FREESPEECH