Saylor wants to buy $42 billion in BTC over the next 3 years. At current prices, that works out to ~577,160 BTC. Only ~492,750 BTC will be issued over the next 3 years.

BREAKING: MicroStrategy unveils its “21/21 Plan,” aiming to raise $42 billion over the next three years—$21 billion in equity and $21 billion in fixed income—to acquire more Bitcoin 👀

Florida Treasurer Jimmy Patronis makes history with letter endorsing a ‘Strategic Bitcoin Reserve’ - Pushes state pensions to add Bitcoin.

What if the last bull market cycle was muted bc of FTX, Celsius, Gemini, 3AC, cash-settled futures, and other shenanigans?

How to protect your #Bitcoin profits WITHOUT ever selling your #Bitcoin 1. Buy #Bitcoin @ say $73,000. 2. Let it appreciate to say $300,000. 3. Buy Puts on IBIT (when launched) at $300,000 with following math: Profit: $227,000. 10% of profits allocated to Puts: $22,700. 4. Scenario 1 - Bitcoin collapses down to 200W moving average - say $80,000. Watch the $22,700 in Puts ride up to $150,000 - $200,000 in profit. SELL the Puts and collect the cash. Scenario 2 - #Bitcoin hits S Curve and America announces Strategic National Reserve buying 1 Million Bitcoin and Bitcoin goes vertical to say $1m and stabilizes. You lose $22,700 in the Puts you bought. But your #Bitcoin is now worth $930,000. You're hedged both ways. AND YOU NEVER EVER NEED TO SELL YOUR BITCOIN. And it works in both ways if you hold ETFs or Cold Storage. You can always just buy Puts in a brokerage account while having the Bitcoin in your cold storage

If Tether was under investigation would people not try to swap USDT for BTC as fast as they could...?

Bitcoiners

In an SEC filing late this afternoon, Microsoft disclosed that "Assessment of Investing in Bitcoin" is currently proposed and will be a voting item for the shareholder meeting on December 10 (the filing notes that "the Board recommends a vote against this proposal"). The filing is here (see voting item #5): sec.gov/Archives/edgar…

Source Dennis Porter, BREAKING: The state of Pennsylvania has passed ‘Bitcoin Rights’ in the House by a sweeping majority. Both Republicans and Democrats united together to pass the bill. Pennsylvania is poised to be the most important state in the ‘24 election & this bill is poised to play a role👇

If each #Bitcoin was worth 166,666,666$USD the U.S. government would have no debt base on their bitcoin reserves. Something to think about...

🚨 13 YEARS AGO TODAY: The Economist called #Bitcoin a bubble at $2.50. Today, it's $67K. 🚀 **The Lesson here is do your own homework and formulate your own opinion.**

Doom loop! Not only are people not buying but shorting. Treasury will have to print to buy their own bonds monetizing their debt

Max Keiser I believe: - Money existed before the state - Bitcoin separates money from state - Bitcoin kills the state

Most proposals are to just stop the dept to GDP from rising past 120% but the artery is already bleeding interest payments! The way past civilizations have dealt with this is to inflate the debt away.

It took 221 years for the US to create the first $12 trillion of national debt. another $12 trillion of debt was added in the last 5 years.

Fix the money

Saylor: "People Voluntarily Turned in their Gold" in 1933. Reality: The penalties for non-compliance were severe: Fines: Individuals who failed to comply with the order faced a fine of up to $10,000 (equivalent to about $220,000 today, accounting for inflation). Imprisonment: Violators could also be subject to up to 10 years of imprisonment. Asset Seizure: In addition to fines and imprisonment, any gold that was hoarded or not surrendered could be seized by the government

Bitcoin went from 0 to 1% adoption in 15 years and the price went from less than $0.001 to over $70,000. 0 to 1% adoption and Bitcoin's value increased by over 70,000,000%. A $100 purchase would have turned into over $70 million. What do you think happens when we go from 1% to 5%? 10%? 25%? 50%? 100%? You're so early. Buy Bitcoin.

FUN FACT: Henry Ford actually predicted Bitcoin in 1921. He called it ‘Energy Currency.’ “Under the energy currency system the standard would be a certain amount of energy exerted for one hour that would be equal to USD 1. It’s simply a case of thinking and calculating in terms different from those laid down to us by the international banking group to which we have grown so accustomed that we think there is no other desirable standard.” “The essential evil of gold in its relation to war is the fact that it can be controlled. Break the control and you stop war.”

Wild!!