Trump and Elon will compete on who can accumulate the most B

Trump and Elon will compete on who can accumulate the most Bitcoin. 
It’s the only way to pay off the national debt and save Tesla.
Everyone is going to win.

#BTC

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BitcoinPierre

@BitcoinPierre

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Gold coin is 2,600 years old. Bitcoin is 16 years old.

The bulk of future bitcoin treasury company leverage is more likely to be in retail equity investor margin + derivatives than actually inside the companies. Meaning that liquidations would cause forced selling of equity, not of BTC. This would be a structural change from the past where leverage was on BTC directly, equities would be a shock absorber and dampen BTC volatility. Current consensus narrative is the opposite.

Given yesterday’s performance, the probability of BTC ever going back below $100k has decreased.

The bitcoin price is volatile. The bitcoin system is stable.

If you think Bitcoin Treasury Companies are over-leveraged, you really should take a look at the US Treasury.

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