MicroStrategy will either be known for one of the smartest investment decisions ever or they will go bankrupt with it. Either way, they will be in the history books. - With the past weeks news of Micheal Saylor‘s MicroStrategy having another buying round for Bitcoin over the past two months ... See More and their total tally of BTC in their custody now standing at $4.52B and owning a total of 152k BTC by now, which is actually just 0.7% of the whole Supply. Still it is probably their WHOLE strategy to just invest and hodl Bitcoin.

Now the question as always is whether this will actually work out, of course Micheal Saylor is 24/7 on Twitter talking of how great Bitcoin is and how it will go up nearly infinitely. Now we all obviously also don‘t know whether they even have any exit strategy and the fact that they are using up their own company stock to buy up BTC, won‘t bode well for themselves as company.

Now we have two option in front of us, either they win this completely and they are viewed as one of the best investment decisions in to the future, where MicroStrategy could potentially be a $1T+ company.

Let‘s look at the numbers:

152k BTC on a $69k price (ATH) = $10.4B in asset value

152k BTC on a $100k price = $15.2B

$500k BTC (gold market cap) = $76B (higher than the combined market value of Coinbase and Twitter)

And for Micheal Saylor:

$5M BTC ($100T market cap) = $760B (at this point MicroStrategy would be by far the biggest company we ever saw)

Those are indeed some hopium-filled numbers and as MicroStrategies market vlaue is by now entirely correlated to Bitcoin, their company could grow to atrocious heights. But that is a big if, either way MicroStrategy will go down as a company making one of the boldest YOLOs ever.

AI-generated fake news sparks rumors of Gary Gensler’s resignation

Online gamblers raked in thousands on bets against the Titanic sub crew’s survival

Bitcoin whales and sharks double down on BTC accumulation as the asset closes June at $30,469

The Silver Lining: What Kept You Going in the World of Crypto? - Good morning Crypto friends!

Crypto has been a journey full of ups and downs, surprises at every corner, joy and despair hand in hand. Yet, even when things get tough, even during the most challenging periods, we persist.

I'd ... See More love to hear your thoughts about what kept you involved in crypto during the long downturns. What encouraged you to keep holding those bags?

Was it your faith in the technology? The community behind it? The inability to admit defeat and lose money because "you can't lose money if you don't sell"?

I'm genuinely interested in hearing your stories. After all, it's our spirit and resilience that make this community so fun and entertaining (although sometimes negative, but that's every community). Even despite the ups and downs, I still find myself enjoying being part of this community and talking to you all. It's overall been a very accepting place and I've met some pretty cool people on here!

So please share what kept you here, what continues to motivate your journey in the unpredictable world of crypto? I appreciate you all!

Trillions of Dollars Could Flow Into Altcoin Markets As Crypto Flashes ‘Gorgeous’ Chart: Macro Guru Raoul Pal - The Daily Hodl

Bitcoin Surges 83.8% in H1 2023, Outperforming Global Assets

Pre-Halving Effect; Litecoin (LTC) Soars, & Bitcoin Cash (BCH) Records Double-Digit Gains | CoinMarketCap

Cameron Winklevoss Calls SEC Refusal to Approve Bitcoin ETFs a Disaster for US Investors

Gensler resigning is fake news. - I know pretty much everyone is excited about the crypto alert that Gensler was forced to resign from an internal investigation. The source is anonymous and is probably made up for clicks.

Don’t get your hopes up on this and hopefully we will get ... See More some confirmation either way from the agency. Careful what you wish for as well. You could get a more hard liner at the head of the agency if the rumor is proven true.

Again, this is just a rumor about Gensler resigning. There’s no real confirmation on this. You can hate on him all you want, but he’s probably not leaving until there’s a new administration that feels like he should be replaced.

SEC Wants Four Months To Make A Recommendation On Coinbase’s Call For Crypto Clarity

Crypto's not a weapon against the rich and powerful, it's just one of their few toys we normal people are allowed to play with. - Maybe in its inception crypto was a tool that could have given normal people some kind of power against rich people and the government, but ... See More that is long gone now. Billionaires and the state now control crypto. Crypto is majorly owned by whales, and whatever chance of the little guys wresting control of it is forever gone now.

However, crypto still remains one of the only tools of high-risk high-reward investment that normal people can partake in, without requiring a minimum entry price or anything like that. Crypto is for everyone, and it can theoretically make everyone rich under the right circumstances.

Crypto is not our toy as we dreamed, it has been seized by the rich, but for once we have not lost complete access to it. It is a tool we can both use, for better or for worse.

But just remember that can change. We are not the ones in control here, unfortunately. If there exists a tool that can help normal people gain power over the elite, crypto is not it. That is just a delusion.

IRS Orders Kraken to Disclose User Information in Ongoing Battle

Russian Secret Service Arrests Citizens for Donating Crypto to Ukraine, Highlighting the Dangers of Transparency

I am still baffled how unrealistic it is that some speculation price driven memecoins without any use case are thriving in the top 20, but some legitimately good projects cannot even enter the top 100. How are those coins even surviving for so long? - Like, really, we are talking ... See More about authorities and governments not taking crypto in a more serious manner. But how can authorities take us seriously when we have useless speculation price driven memecoins in top 20?

How are these coins even surviving for so long? Is it just the hype? Do people get addicted to memecoins? Do they see $0.00000001 price of a token thinking it will reach $1?

Meanwhile some really good projects that actually thought about usecase are struggling to enter even in top 100 or even top 200.

In a perfect world if we desire to gain positive attention and credibility from non crypto people and thus governments, it becomes crucial for us as a community, to shift our focus towards supporting and highlighting projects that genuinely contribute to the development and adoption of blockchain technology. At least I thought so. Most of the time it is only about money and hype.

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