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 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.Cryptocurrency
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 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.
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...