Gm Gm, woke up to green candles. What a beautiful alarm. | bigmagicdao på Binance Square

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Gm Gm, woke up to green candles. What a beautiful alarm.

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Woke up and the trade’s already printing…

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Naka’s PIPE investors got in at $1.12 with no lockup—455M shares. At $20, they’re sitting on a 20x. But with average daily volume around $2M, there’s $10B in potential sell pressure waiting to dump. Post-merge, things are going to get ugly. Imaging the dummy buys at $20…

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Looking for next “MicroStrategy” in Nasdaq and NYSE is simply retarded , as the new clone will simply be high-leverage plays without real organic demand. Fixed-income investors in the U.S. already have exposure to MicroStrategy, which offers sufficient yield. It’s unlikely for them to take on higher-risk alternatives. If these new clones can’t continuously secure fresh capital to fund future Bitcoin purchases, there’s no reason for them to trade at an mNAV premium. In the best-case scenario, most will trade slightly above 1x like $MARA does now or more likely, at a discount. Rekt.

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Untapped demand for Bitcoin exposure is coming..

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The only real risk with Bitcoin is thinking there’s a risk, so you didn’t buy, or didn’t buy enough.

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