Bitcoin is now at $95,000 while the AI trade is imploding.
One of two things will happen – either Bitcoin goes to infinity and drags the AI trade along with it.
Or Bitcoin and the AI trade both explode at the same time.
What I am calling “End of year meltdown”.
Bitcoin is now at $95,000 while the AI trade is imploding.
One of two things will happen – either Bitcoin goes to infinity and drags the AI trade along with it.
Or Bitcoin and the AI trade both explode at the same time.
What I am calling "End of year meltdown". pic.twitter.com/b9xuORsAuW
— Mac10 (@SuburbanDrone) November 20, 2024
Judging by the comments and the cattle's level of excitement, a short bigger than Namibias GDP is approaching.
we're very close.
I smell the fear. t.co/h0MJt4GfM8
— The Great Martis (@great_martis) November 21, 2024
This ends in tears..
It’s not that I dislike the case fundamentally, but this is the kind of euphoria you need to fade pic.twitter.com/j9zKEDWkMl
— Andreas Steno Larsen (@AndreasSteno) November 21, 2024
Did $NVDA just ring the bell on "Peak A.I. Euphoria"?
It blew past estimates, made $35 BILLION in Q3 revenues, up a mind-blowing 2,600% vs Q3 2016…and yet the stock is down in afterhours
Did we just hit the point where nothing can justify the magic already priced into the… pic.twitter.com/p4FcwxmxHS
— Adam Taggart (@menlobear) November 20, 2024
JUST IN: 🇺🇸 Spot #Bitcoin ETFs surpass $100 BILLION in assets.
The greatest ETF launch in history! pic.twitter.com/Hf0ef6uZ4e
— Radar🚨 (@RadarHits) November 21, 2024
It’s a Ponzi. 0% notes inflate stock, profit goes to shareholders, not noteholders.
It is a Ponzi. I don’t know how long the government is going to allow it to go on, but it is a Ponzi.
0% convertible notes (to suckers at the bottom of the pyramid) to buy more BTC, which inflates stock price so the profit goes to the shareholders, not the noteholders.
They… t.co/5DF2v20AT1
— Uncle Milty’s Ghost (@his_eminence_j) November 21, 2024
2/
Investors lent money to MicroStrategy at ZERO percent interest.Investors get no payments until 2029.
But that's not even the craziest part here: pic.twitter.com/061jrz27ET
— ELI5 of TLDR (@explain_briefly) November 20, 2024
4/
BTC Value per Share: $139.60Current Bitcoin price: $94,800
Conversion price: $767
This means investors are effectively paying $520,234 per Bitcoin.
So why would "sMarT mOnEy" make such an "irrational" bet? pic.twitter.com/zal5HqK9fw
— ELI5 of TLDR (@explain_briefly) November 20, 2024
6/
Since MicroStrategy started accumulating Bitcoin:BTC backing per share: up by 565.5%
Which means the backing increases ~140% a year
That's… quite a lot pic.twitter.com/oT2RaKOkSr
— ELI5 of TLDR (@explain_briefly) November 20, 2024
8/
At the beginning of this year, institutional investors started getting into BTCSince January 2024, they accumulated 1,056,506 BTC
It's 105,650 BTC a month
But that's nothing compared to what we are ahead of: pic.twitter.com/I3zvOUx36r
— ELI5 of TLDR (@explain_briefly) November 20, 2024
10/
But MicroStrategy's strategy goes beyond just accumulation:Every new bond issuance:
– Increases Bitcoin holdings
– Boosts backing per share
– Compounds future returns
– Creates a flywheel effectThe 55% premium starts looking like nothing when you understand the mechanics.
— ELI5 of TLDR (@explain_briefly) November 20, 2024
12/
$0 interest payments until 2029 smells sus
55% premium looks expensive.
$520,234 per Bitcoin seems crazy.But with 140% annual backing growth, investors aren't paying a premium.
They're like buying tomorrow's Bitcoin at a massive discount
— ELI5 of TLDR (@explain_briefly) November 20, 2024
14/
It would be pure madness if other companies adopted MicroStrategy's strategyIt would be like OHM of this cycle, but legal and at institutional-grade@saylor, sir, you the biggest bull that even Satoshi would be proud of!
— ELI5 of TLDR (@explain_briefly) November 20, 2024
Watch for major trend breaches.
Semiconductor index leading the way. pic.twitter.com/jrKzM3maGh
— The Great Martis (@great_martis) November 20, 2024
$nvda is not $csco in 2000; it is worse than $csco on a p/s ratio pic.twitter.com/CnKfYp8tCf
— Michael J. Kramer (@MichaelMOTTCM) November 20, 2024
This is the greatest stock chart I've seen in my life.
Hang it in the Louvre.$MSTR pic.twitter.com/PRGHFGXgBG
— Brandon Beylo (@marketplunger1) November 20, 2024
Ah I found what MSTRs chart will eventually look like. pic.twitter.com/fCMebUsLo9
— Fox (@Foxyfoxyfoxy_) November 21, 2024
How can you look at $MSTR and think anything you learned in serious finance classes matters?
— Michael Antonelli (@BullandBaird) November 20, 2024
Perpetual milking defined 👇
"Saylor's strategy has involved using MicroStrategy's stock as a proxy for Bitcoin investment, often selling stock or raising debt to fund these Bitcoin purchases. This has been described as an "infinitely scalable" approach to capital allocation"… t.co/lhwK5b1mRF
— The Great Martis (@great_martis) November 21, 2024
Second biggest pile up of Ether shorts on record. Someone really did not want to see a break to the upside t.co/uumuPvIaMz pic.twitter.com/vtRYyb9CKW
— zerohedge (@zerohedge) November 20, 2024
A black-swan investor, Mark Spitznagel, says the stock market is heading for a historic sell-off, reiterating an uberbearish warning for investors who are getting comfortable with steady stock gains amid the frenzy over artificial intelligence.
In a recent interview with The Wall Street Journal, Spitznagel said the yearslong rally in the stock market amounted to the “greatest bubble in human history.”
But Spitznagel said the bubble — and the impact of its bursting — would be even more extreme this time around, as the government’s $34 trillion debt would make it more difficult for the Federal Reserve to turn the economy around in time to avoid a recession.
Views: 163