bitcoins

[panthera]

NY Mellon is now the latest to capitulate.
https://www.fool.com/investing/2021...hoo-host&utm_medium=feed&utm_campaign=article

 

[panthera]

Just broke 50k. Onward and upward towards 100k.

 

[panthera]

MicroStrategy at it again. This time at a price point above 50k.
https://www.microstrategy.com/en/in...-offering-of-600m-of-convertible-senior-notes

 

[panthera]

Looks like they upsized the senior note offering to 900 million.
https://finance.yahoo.com/news/microstrategy-prices-900-million-debt-125951656.html

Also coinbase will IPO soon.
https://finance.yahoo.com/news/coinbase-readying-public-listing-gets-134221206.html
Alexis Ohanian and Serena are going to possibly make billions.

 

[chrisweir.com]

Did you watch the Saylor series? part 1 https://youtu.be/4rvTppy1qLI

MicroStrategy at it again. This time at a price point above 50k.
https://www.microstrategy.com/en/in...-offering-of-600m-of-convertible-senior-notes

 

[panthera]

Yes. He is the only guy that I know of that is the head of a publicly traded company that talks about "what is money". He has run his company as the head for the last 29 years. I may be wrong but i believe he is the longest running CEO of a billion dollar company. He also has 31 patents and went to MIT. Coincidentally MIT is where Gary Gensler taught bitcoin and blockchain tech. Gary is now the new head of the SEC under the Biden administration.

 

[panthera]

$1 Trillion dollar market cap now. Bigger than the tech titans. Congrats to all the holders. $2 Trillion dollar market cap will happen a lot faster than it took us to get where we are now.

 

[cheez]

Thanks, but I get a better deal at ATM's it seems.

You'd still be up $5k/BTC right now had you taken the offer...

 

[panthera]

Here we go, another ath. I dont see any indication that this rally is losing steam anytime soon. This is now the greatest investment of my life. We could see another 10x before the next down turn if that even happens again. This cycle is being driven by different forces than any previous rallies.

 

[panthera]

If anyone wants a clubhouse invite send me a pm. I have a few for those that are interested. iPhone only right now.

 

[Abacinator]

I never would have thought that internet money, invented for buying drugs and child porn on the dark web, could turn out to be such a valuable commodity!

 

[dagle]

I never would have thought that internet money, invented for buying drugs and child porn on the dark web, could turn out to be such a valuable commodity!

lol as opposed to fiat/cash that's never used nefariously? :laughing

 

[Abacinator]

Never! :laughing

 

[Killroy1999]

I'm late to the party here. Are there coin companies that you can buy on the stock market that are good investments and not just a expensive middle man?

 

[panthera]

Here are two publicly traded companies that have bitcoin exposure.

https://finance.yahoo.com/quote/GBTC?p=GBTC&.tsrc=fin-srch

https://finance.yahoo.com/quote/MSTR?p=MSTR&.tsrc=fin-srch

There are also companies like Square that hold at least 1 percent of their cash in bitcoin.

 

[UDRider]

Here we go, another ath. I dont see any indication that this rally is losing steam anytime soon. This is now the greatest investment of my life. We could see another 10x before the next down turn if that even happens again. This cycle is being driven by different forces than any previous rallies.

I am genuinely curious what those are. Seems like it's driven by ultra cheap credit, and returns on bond market being shit.

 

[panthera]

I am genuinely curious what those are. Seems like it's driven by ultra cheap credit, and returns on bond market being shit.

Those are definitely a factor. Also you have the Pandemic and all the new money printing thats happening. Its happening at a far larger scale than the last bailout. Bitcoin was created in response to the 2008 money printing. Then you have the last ath was driven by retail investors like myself. Now its institutions that are driving up the price. And these institutions are saying they are not selling. Some are issuing new debt to add more bitcoin to their treasuries. Also you have miners that are saying that they will no longer send new coins to the exchanges to pay their power bills. Instead they are securing loans against their bitcoin to pay their bills and pay back the loans over the next year. This is the same thing that these institutions are saying they will do if they need cash in the short term. These are just a few things driving this rally. Plus people are getting smarter and they see that cash is garbage and has absolutely no backing. I think we have yet to see the implications of what the Fed is doing. This is something none of us has experienced in life.

 

[rodr]

Secretary Yellen spoke about Bitcoin today. Looks like more regulations are coming. And a "digital dollar" may also be in store.

 

[panthera]

Yep. The bitcoin community has long sought "regulations". The innovation will leave the US and be developed elsewhere if not. There were hearings a few years ago in the Senate where people from the bitcoin space advocated for regulations and a clear definition as to how the US was going to classify bitcoin amongst its various alphabet soup agencies. They all consider it something different. Some a currency, some a security, and others consider it property. Regulations are not a bad thing.
Coinbase is going public in a direct listing soon with a valuation of North 100 billion. It will likely double at ipo. There are etf's waiting to be launched. Regulations will bring a flood of new players that are not allowed to invest in the space currently.

 

[clutchslip]

It's down 15%, today. Wait till it REALLY sells off.

I would rather play craps. I get hard ways, and I get to hold the dice.