I recognize April 19, as I have multiple contracts expiring that day. And yes, that includes many Bitcoin miners, as well as other crypto related securities, and even options on spot Bitcoin/Ethereum ETFs. Shit is really going to get interesting that day...
Mr. paolo has to step up his game and print more Tethers, else not only will the block rewards halve, but price also.
Might be trying to avenge my lack of long exposure, who knows I have nothing against people making money, and i congratulate you on your amazing microstrategy trade. There is a lot to admire about it. It's hard enough to get it right, but then even much so harder to have the conviction and actually hold through it and sit on your hands. And i am not against crypto, i used to be pro-crypto when prices were low and against crypto when prices were high. It is only just recently have i figured out that it could be an (almost) literal ponzi scheme. Just like you wouldn't recommend someone to invest in a ponzi scheme (in spite of people making money in the ponzi at the moment), the same way i wouldn't advise cryptocurrencies as a long term investment. Yes you might buy and the price goes up higher, but a ponzi scheme eventually collapses and you lose money. Bitcoin will continue to work and i think there are many use cases for it's technology, but the valuations are heavily distorted to the upside; assuming tether is an unbacked ponzi scheme. Therefore making bitcoins price a "ponzi by proxy". Who knows where the top is if they can just print more Tethers and mark up the price. At some point the supply will come in and eventually the house of tethers will collapse.
Fiat is a ponzi, Bitcoin is not a ponzi You can continue to hate on Bitcoin, but it will get more difficult to argue your position as Larry Fink, Fidelity, Blackrock, Bitwise, Morgan Stanley are the ones doing the marketing work Do you how the situational roles have reversed? 5+ years ago, these same Wall Street people were on your side saying Bitcoin is worthless and you rode their coattails and us Bitcoiners did not have credibility, we're just a bunch of anonymous people
You know, I've never done spreads in my life. Though if I had to, MSTR could have been a candidate. The problem is I don't believe I have enough 'prediction' powers to generate alpha on that security. So I'm mostly going to keep sitting on the sidelines for now.