I'm invested in both BTC and TSLA. I used to trade MSTR until it sunk. BTC is a financial instrument subject to enormous political pressures. It can go to the moon or fail on a few decisions. To me it's a speculative bet. TSLA is something entirely different.
Do not blame crypto for your stupidity Your blind faith in TSLA will cost you You should sell TSLA @ $222 (over 30% off 52-wk high) and buy MSTR @ $475 (52-wk high) This not hindsight, but we all know you won't TSLA's "assets" (inventory of cars) are going down in value as they keep driving down the price. MSTR's "assets" (bitcoins) will keep going up in price going to the halvening in 6 months, less inflation, more scarce I love Tesla car, won't mind buying one again, but sold a 2021 Model Y for $41k (premium wheels, premium seats and color, 3rd row, long range) bought for $65k before moving out of the country early this year Today that same car will sell for less than $30k because TSLA keeps driving down the prices of new ones This makes all the current owners of TSLA vehicles unhappy. A car is the 2nd most valuable asset for most people and that pseudo-money (asset) value keeps getting decimated by TSLA Potential buyers see this, and will keep waiting for price to keep going down before buying Inflation is high, high-paid jobs being replaced by AI, these affect the buyers of Tesla cars Next year, you will say woulda coulds shoulda again
Don't want to hijack Baron's thread so I'll be brief and refrain from talking TSLA here again. I agree with you about lowering prices, both from your perspective and also because I think it's too early to sink the competition. It's still an EV vs ICE war, not EV vs EV. Unfortunately I don't run the company!
Why would you do 5 years when MSTR was not involved with bitcoin, then? Stop being dishonest and do 3 years when MSTR started with bitcoin It's good you promise not to discuss this again in the future... because I'd hate to point it out to you in the next 1-2 years how MSTR will destroy TSLA reference price Tesla $222 MSTR $475
(The Daily Upside) CRYPTOCURRENCY Crypto Exchange Bullish Buys Crypto News Site CoinDesk Do conflicts of interest exist on the blockchain? On Monday, cryptocurrency news publication CoinDesk was acquired in an all-cash deal by Bullish, a crypto exchange run by former NYSE president Tom Farley. If you’re a little surprised that a crypto company bought one of the biggest crypto journalism businesses in town, don’t be. Keeping it in the family is the crypto way, just ask the Bankman-Frieds. We’re sure the new owners will be chips off the old blockchain. One Happy Family Bullish isn’t CoinDesk’s first owner with deep structural ties to its coverage subjects, either. Prior to Monday’s sale, the site was owned by a cryptocurrency-focused VC firm called Digital Currency Group (DCG). Meanwhile, crypto news outlet The Block revealed at the end of last year that it had been the beneficiary of $27 million in loans from, you guessed it, Sam Bankman-Fried. Unfortunately for many in the crypto-journalism industry, that meant reporting juicy stories was often akin to drinking from a poison chalice. It was CoinDesk, after all, that published the first story about the creative company accounting at FTX, which turned out to be the first pebble in the avalanche that shook the branches of the entire crypto-economy — including CoinDesk’s own parent company: • Genesis, the lending subsidiary of DCG, had funds tied up with FTX and subsequently filed for bankruptcy in January. In September, Genesis hit DCG with a lawsuit in an attempt to claw back $620 million in loans. • Just a month later both Genesis and DCG were named as defendants alongside Winklevii-owned Gemini in a lawsuit filed by New York City Attorney General Letitia James, who argued that the firms had misled investors to the tune of $1 billion. CoinDesk announced that in light of its new ownership, it will be establishing a committee to safeguard editorial independence. The committee will be chaired by former editor-in-chief of The Wall Street Journal Matt Murray. Worth’s Words: The crypto market has experienced a bit of a reprieve lately, something CoinDesk CEO Kevin Worth mentioned in his statement about the company’s acquisition by Bullish. “With renewed momentum in the crypto economy as well as investment from Bullish, we look forward to capitalizing on the many opportunities ahead for product development and expansion,” said Worth. With all that unpleasantness behind it, the crypto market can finally take off in earnest… right? - Isobel Asher Hamilton
We have stayed above 30k on BTC, but we still need to establish support above 30k for the highest probability of that move to 100k during the next 2 years.
Any thoughts on why Cathie Wood has reduced her holding in Grayscale? I wasnt aware that ARK had no physical BTC holding so Grayscale,I think,would be their only exposure. I find it hard to believe she has begun to doubt.Could she be going to cash to jump in on one of the looming ETF's?
I haven't looked into the reasoning why, but from my understanding, according to her rules... she's at times forced by rule to sell off 10% (or more?) at intervals. This has some criticisms, as to why you would invest in her fund, instead of simply purchasing Bitcoin/Tesla outright if you're such a believer. Because if those two assets continue to grow as predicted, you wouldn't want to be selling fractions of it off.