When everyone is telling you that you are so smart for buying #bitcoin at $73,000 and insulting you for doing the opposite. You might be entering into a good contrarian trade.
That said, as I told Mike Maloney in an interview decade ago, $BTC can turn into a massive pump job.
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 14, 2024
The first goal for the Czech National Bank is 100-200 tonnes, per its new CB chief.
The CB continues to favor gold over its large euro debt holdings accumulated in the many years prior with the country’s strong export market. https://t.co/TgwcyR58eL
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 14, 2024
Gold’s Record-Setting Pace Is Exuberantly Rational
(Bloomberg)While a surge of buying from China is likely behind the recent rally, some of the more conventional factors that typically propel the yellow metal are starting to fall into line.https://t.co/g0QJkjyBlE
— Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) March 14, 2024
MicroStrategy $MSTR holds 205k #bitcoin worth $15.2 bn at $74k/coin. Let's be charitable and say the software business is worth 5x revenue, or $2.5 bn, even though it is a loss making business. The stock trades at a 71% premium.
Why does this premium exist? Because arb traders… pic.twitter.com/7tXurc2x0o
— Kashyap Sriram (@kashyap286) March 13, 2024