Strategy (MSTR): Complete Vertigo
32 BTC Later... | Sentiment Failure | Systems Still Online
The B1tco1n Machine G0ing Under?
Things aren’t going as PLANNED!
MSTR 0.00%↑ the loose cannon that bought 250,000 Bitcoin in the past year just got struck by lightning after selling... 32 coins.
Thirty-two. Not 3,200. Not 32,000.
32 Bitcoins sold for tax purposes and STRC which somehow jeopardized the integrity of the entire network. Makes no sense.
I know I said in my last posts, “MSTR now powers Bitcoin”. And I meant it, figuratively. But I assumed the relationship worked both ways. But no...
MSTR buys Bitcoin? Meh.
MSTR holds Bitcoin? Eh.
MSTR sells Bitcoin? The entire thesis is doomed!
The Crypto Circus Never Ends…
Let’s just drop the anvil here.
The worst thing about Crypto and Bitcoin in particular is that there’s no universally accepted right or wrong since it’s “decentralized”.
Which basically means there’s no governing authority controlling the network. Sounds simple enough. Except everyone seems to have their own little interpretation of what that actually means.
The network is supposedly designed to withstand central banks, governments and global financial crises... But somehow struggles to endure when Michael Saylor sells the equivalent of a rounding error.
And when something like this happens, decentralization is always part of the equation: “I don’t know, man. It’s decentralized.”
But the very same people are simultaneously accusing Saylor of “centralizing” the network. So which is it?
Is Bitcoin the unstoppable decentralized monetary protocol capable of surviving governments... or is it one tax-related event away from total collapse?
Bitcoin isn’t Competing against Gold!
On Twitter/X there is endless discourse between the Gold-nuts and BTC-maxis about which of the assets reign supreme. Gold-nuts point out the flaws of Bitcoin being just fungible code and the other side mentioning Gold’s inflation etc.
In the early days of crypto the idea was that if you just built a better Bitcoin you could get rich and partially you were correct. ZCASH and LTC have both done okay but it’s never actually been close to surpassing Bitcoin…
Bitcoin has already won the war and I don’t think there is going to be a next one for its position. But the broader role of Bitcoin in the economy remains uncertain. Meanwhile Gold ironically maintains its position because of its flaws:
Heavy → hard to move and steal.
Limited by physics and can’t be hacked.
Recognized throughout time → BTC 17 years.
It’s the ultimate monetary backbone, stored mostly in central banks. That said, I just don’t see how this monetary asset can ever be used to the same extent Bitcoin can. Who is going to send 9 tons of Gold to someone?
If Venezuela for example had Gold it wouldn’t matter, their currency is just nuking and then giving up the Gold to kickstart the economy would just be an economic death sentence later.
Nobody Understands Bitcoin Anymore…
So that’s the problem with Gold, it’s just something you must have and can never spend. Most countries mostly use it as a shield from inflation and cases of emergencies.
Apart from that holding Gold as a means of pocket change is highly impractical.
Bitcoin is the most versatile potential monetary candidate available. Can be split 100,000,000 times and requires no banking permit. However no-one understands what moves its price anymore.
It feels ever more driven by sentiment rather than stimulus flows, and the MSTR sell crash proves it. I still believe heavily in Bitcoin but when something like this happens I become increasingly more doubtful.
MSTR hoards Bitcoin. Not the other way around and Bitcoin is undoubtedly the best store of value among coins? So if MSTR is the problem and its sentiment is what’s weighing down Bitcoin? What can we realistically do? It’s rigged.
What Choice Do We Have?
SpaceX is IPO-ing this friday at a 2 trillion valuation. Not expecting to make a real return before 2045, the amount of fiat going to be printed to fuel this interplanetary endeavour is just going to crush the average man.
Not forgetting OpenAI and Anthropic racing to the same targeting $1 trillion each.
The deflationary promise of technology can only go so far.
Grand Theft Auto 6 is expected to be a $100 dollar game. My dad still can’t afford to buy me a PS5, how is ordinary consumer pricing power ever supposed to compete with this level of asset inflation?
And we don’t even know whether we’re in a massive bubble or not…
Either way, the tech-bros and endless VCs are just going to absorb the fiat themselves.
So if it’s not Bitcoin? Then I think we’re truly out of options.
My Move?
If I was Saylor I would just start buying Gold as well.
No. Just kidding. There is no second best.
Remember most of us are here because we’re fighting the system thinking it’s rigged and now the system is fighting back in ways no one understands.
So is Bitcoin corrupted? I don’t know. But I still think it’s the best bet.
32 BTC gone… Only 843,706 remains… 😭
Maybe some great rotation just happened… When stuff like this happens I remember why I love cash machines like EVO and Google so much.
Anyway, I’m not selling. Because, I’m not a
TOURIST!
🛰 Signal LOST: End of transmission — INVADER out… 🤲💎
Disclaimer: This post is for informational and entertainment purposes only. It reflects personal opinions and is not intended as financial advice. Always do your own research before making investment decisions.
In love with that first picture! Good article too lol
shi just realized my image hallucinated horribly hehe 🧙♂️