most new money entering “bitcoin treasury companies” this cycle instead of actual bitcoin will probably extend the bull and then extend the subsequent bear as many unwind
stay humble and stack sats
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New money, new hope
Bull markets breed tourists. Only the humble stay for the whole ride.
I don’t understand what these bitcoin treasury companies do?
There is product. And if there is, it’s the most Fiat product possible.
Pass.
No*
It’s likely to work in the short to medium term, but I don’t see it lasting over time. This is for baby boomers, and they’ll soon be gone. Younger people prefer self-custody.
BOOMERS PANIC SELLING IBIT WILL BE FUN TOO
pretty sure we will hit a level of degeneracy not thought possible well before that but not going to try to trade it either way
yaaas
cnbc gonna be lit
The question is where is the degeneracy coming from. If it comes from retail then the past will repeat. If it comes from institutions and nation states, it’s a whole new ball game.
I still think it will be underwhelming pumps followed by 30% corrections until we hit $1M
I'm getting dot-com vibes on a larger scale but still very early. Some companies will make it though but picking them will be difficult.
This is true.
Noobs buying MSTR.
Shitcoiners buy Ledger.
Bitcoiners buy COLDCARD.
Shame most ultra noob bitcoin brokerages and storage solutions are fumbling the opportunity to advertise OUTSIDE bitcoin and grow the pie.
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how exactly do you see the more popular ones going bad? (Strategy, Metaplanet, Semler, XXI)
or do you just mean the flows itself will extend price moves
Good
Send it
Then send it to the stackers
Bitcoiners think of the ecosystem as wallets, mints, L2s, exchanges, etc…. Tradfi thinks of the ecosystem as equities, options, derivatives, lending, etc…. We are watching these ecosystems on a collision course. Will be very interesting to see the results. I’m writing this on NOSTR, so don’t have to explain which horse I’m betting on.
🍿
They are openly bragging about their leverage. It requires extreme discipline and very low leverage. 95% of them will not be able to resist the urge to move out farther on the risk curve to juice returns. 2021 DeFi will look like an auto loan compared to what these guys are doing.
I’m starting a Stablecoin Treasury Company. We will outperform normal stablecoins via leverage. Ticker listing at PNZI starting next week. Let me know if you want in on the seed round.
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💯
No sir. We are in the start of a 40yr secular bull market for bitcoin. There are kids being born today who will never know what a bear is.
Yeah but the great thing about this time is you can skip all that and just buy the protocol, instead of pets.com
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Fuck. This feels so true
People will learn.
Those who do will teach their children.
lmfao
Feeling this deep within my loins rn
When did you stop screaming every note? Last I remember you only yelled angrily into your notes
#notasupercycle
"many of these businesses will inevitably be forced to dump their stacks one day as the fast capital that buys them now realizes they'd be better off simply holding cold-stored Bitcoin"
👀 👇
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Usual scheme 😉
Real Talk… Humble Stacking
And for many, it will turn out that they didn't have any Bitcoin at all.
LOVE YOU MAN!
ENJOY THE NOISE
This is scary.
The unwinds will be brutal.
💯 🎯
Yep: bubble inflate. bubble pop. For HODL'ers: 1 BTC will still = 1 BTC.
At least they will be fast
Treasury fads fuel false hope, then fallout. Stack sats and dodge the mess. ⛏️
Don’t you dare say SUPERCYCLE!!!
THE UNWIND WILL BE GLORIOUS FOR THE HUMBLE BUT DEVASTATING TO THE SUITS
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Corporations move on a different timescale compared to retail.
Likely increasing the pro cyclical effect miners have had (buying in bull and selling in bears)