Just got off the phone with a trader who works at one of the largest OTC desks. He said just in the last couple days things have gone “completely ballistic”. He says buyers are desperately trying to add in large blocks and they are having trouble sourcing enough supply. BULLISH!!
Last cycle there was only one Microstrategy. Now suddenly there are dozens of micro Strategies. I’m worried about the defensibility and unique competitive positioning so I may take additional 13-15x profits on my position and rotate to infrastructure operators with unique assets.
I just received an email from X saying my account has been excessively bull posting about Bitcoin and that it is at risk of a shadow ban. Please like and retweet if you disagree and want me to continue to post about Bitcoin and proxies.
Anyone who’s been around longer than a few months knows that the miners drive and lead the Bitcoin cycle. Until the miners take the wheel from levered beta companies, there will be no parabolic advance. We may be at that pivotal moment now. Watching closely.
This is the bear’s last stand. They will need to use low liquidity to try to take BTC down below $103,000 in the next 1-3 hours. If they can’t do it, it’s game over. That’s it and we’ll see $107,000+ early this week. Simple game once you get to this spot. The bears are gassed.
BREAKING: The Chinese trade delegation repeatedly asked Bessent for more information on the American Strategic Bitcoin Reserve strategy, including rumored gold sales to fund BTC purchases, but Bessent refused to engage and redirected conversation to trade issues. 🇺🇸🇨🇳
If you haven’t already, you might want to turn on notifications for my account. I’m about to break some massive news items that are going to push Bitcoin in to the stratosphere over the next few weeks. Just watch.
The Bitcoin protocol only achieves long term success with a large and profitable private mining business. The idea that sovereigns will replace privates is asinine and nonsensical. If sovereigns control the global hashrate, congrats you’ve recreated the fiat system. Think harder.
Two months ago, I said the bull cycle was in the middle stages, but I was wrong. Bitcoin is seeing massive inflows via ETFs, corporates, wealth management, and sovereigns. We are at worst early/mid cycle. I was not bullish enough and I am deeply sorry. Let’s move forward together