It has to do with the bull market cycle at this stage equivalent to 2020 Q4 halving year and 2016 Q4 halving year, you can check the historical chart and what the bitcoin price did for the next 12 months afterwards On a related subject, the pre-election low 1 week before election is never breached lower again, ever
So basically not falling below 40k ever ever ever ever again and 50k is nearly impossible, so basically it's free money then. No risk and all reward. Wowwww
It's only my opinion based on the past behavior of bitcoin bull market cycles Can you explain what you mean by it's free money? a bitcoin costs over $67k each
Free money being that you can buy bitcoin at 67k or any related bitcoin etf and not have to worry about it ever dropping below 40k or even 50k for that matter, that it will only rise rise and rise...meaning there is little to no risk on the downside as only upside is guaranteed for the the future.
bitcoin just went up to $69k... it's not free money and what you say is true only if you believe my opinion and you believe in the bitcoin asset but this is also true of any investment, let's say you own or believe in the nvda stock or real estate, you also think those investments will keep going up and not go down 40-50% and you also think it's free money, guaranteed, no risk on the downside
All these puts you were selling on MSTZ, mate... it seems to me that you would have done much better had you been buying them instead
No worries. I'll take the assignments collect the credits and sell calls. Company earnings will catch up with the stock. Everyone thinks it's genius now but a 50 billion dollar market cap and zero earnings will eventually knock the stock down.
There's more to mstr than just earnings from the software business NAV, mNAV, book value... bitcoin price forward looking for the next year but if you don't believe in bitcoin.... it won't make a difference to change your opinion of mstr
So they are going to sell stock with zero growth and zero profits to the public to buy more bitcoin...... I'm telling you eveey single worthless company needs to do this right now so they can reap the benefits of a surging forever bitcoin. ....I will question this every single hour knowing that if this is the way to print free unlimitef money why isn't anyone else doing it..... "MicroStrategy plans $21 billion stock sale through agents" https://www.investing.com/news/comp...illion-stock-sale-through-agents-93CH-3692464
Not only that, they are also going to sell $21 billion convertible debt to buy more bitcoin Microsoft will have a vote December 10(?) to buy bitcoin for their treasury There's a post on bitcoin price thread pointing to a Reddit post discussion of lawsuit against the board of directors for not meeting their fiduciary duty of increasing shareholder value by adding bitcoin to their treasuries I have not looked into it, but that's what I saw when I skimmed through it tl;dr, your question may become a lawsuit if the board of directors at the public companies do not add bitcoin Let's keep an eye on the Microsoft vote in December,