As a MSFT shareholder, I voted yes on the BTC question. :)
The way I look at it is that BTC is very volatile. MSTR is a leveraged version of BTC. MSTX is 2X MSTR. Options on MSTX are even more volatile and crazy expensive. You can then buy MSTX and collect awesome covered call premiums on far out of the money (I am taking 20-25% out of the money). If the calls end up in the money and get exercised then so be it. Alternatively, you could just buy call options on MTSTX, but as I mentioned, they are very expensive.
I looked into buying IBIT calls and they we crazy expensive, even those way out of the money. I need to learn about selling calls and what happens when they are exercised. I've done a bunch of option plays over the past year or so, but all were buying.
Their 2024 10k shows $512 billion in assets, so 1% would be $5.1 billion, not $15 billion. However, excluding goodwill, property and other intangible assets (which is their “current assets”) is approximately $160 billion (they have $119 billion in goodwill). About half of that is in uninvestable assets such as accounts receivable. Their balance sheet only has $75.5 billion in investable assets.
bitcoinist.com
I’ll admit the Chris Hayes piece was a somewhat worthy read. He makes some good points and some low crypto iq ones as well (the standard “crypto is for criminals” as the best example).Economist And Crypto Critic Reveals How Bitcoin Could 'Destroy' the Dollar
A financial commentator warned that Bitcoin could potentially weaken the US dollar if the government would intervene in the cryptocurrency.
Playing with fire:
“He warned that it could lead to a financial crisis because it might give an impression that BTC is more viable than the US dollar, adding that it will diminish the global dominance of the US dollar because investors will lose their confidence in the currency.”
Nah, just some interesting reads. Doesn’t change what I’ve said recently that BTC is a great way to cash in on the FOMO and may be unstoppable at this point. But feel free to actually read a few articles about how it could cripple the U.S. How quickly 2008 is forgotten.
The talk of BRIC coming up with an alternate currency coupled with Putin’s support of BTC is concerning. If the U.S. dollar is undermined by crypto and is no longer the world’s reserve currency we are F’d.
Schiff has also been calling for the mother of all stock market crashes for 15 years and counting now. The world has passed him by. It happens.
Of all the arguments against crypto I was never persuaded by the criminal element BS. Criminals will always find a way to get paid.
I hate Schiff but he was on Bitcoin Scaramucci’s podcast recently which made for an interesting conversation. The Mooch is at least somewhat sober regarding BTC volatility even given his very bullish-on-BTC predictions.
Looks like they are the same ones who submitted the MSFT Bitcoin proposal. I’d assume they are shareholders in both MSFT and Amazon and somewhere on their leadership team or board is a Bitcoin believer. These proposals seem like good press but won’t amount to much until someone actually adopts it.
That’s what struck me as odd - their proposal didn’t say they were shareholders. I took a quick look at their last tax return and didn’t see it listed on the investment schedule/section.
This sh!t getting a little crazy. First MSTR going around Silicon Valley pitching adding BTC to tech titan’s balance sheets. Then the National Center for Public Policy Research — a Washington DC-based “think tank” - is submitting BTC shareholder proposals for companies which it doesn’t even own shares in?
They’ve made previous proposals to both boards on other topics where they’ve disclosed holding stock in both companies
Karp kind of scares me…but he is right about a lot of things especially how much money the U.S. spends to help keep the peace yet we are still hated by so many.
Let's bring this back. Tom Lee's 2025 Outlook drops at 1pm with a webinar for FS Insights members! Preview = BTC to $250,000 by year end? :)
The Tucker Carlson interview is pure click-bait. Roger Ver didn’t offer anything but vague conspiracy theories that were completely underwhelming. Ver dropped out of a college I never heard of and his claim to fame before naming himself “Bitcoin Jesus” was he apparently sold fireworks on eBay and got busted for sending them through the USPO. He also renounced his US citizenship to become a citizen of Saint Kitts and Nevis (???) and then a became citizen of Antigua. Sounds like he’s on his 3rd citizenship/country already.
judiciary.house.gov
I don’t doubt that there is some truth to what you are posting. But Roger Ver is not the guy to use as an example. He’s now on his third country of citizenship and has a checkered past. He renounced his U.S. citizenship - good luck to him.They aren't "vague" at all - lots of people are stressing about all the known gov encroachment into private affairs.
People's financial info is being monitored/bought by agencies and crypto investors have been specific targets .
Tucker has been following that (had his own Signal account spied on) since Pavel Durov arrested.
Foreign leaders make threats against Musk because US gov uses unrestricted foreign agencies to do its work.
Mike Benz has explained how the US/EU/AU/NATO coordinate for invasive actions vs citizens.
Lawyer Robert Barnes and others talk about IRS and tracking of BTC transactions @ 34.00.
New Judiciary Report on surreptitious spying:
Report: How the Federal Government Weaponized the Bank Secrecy Act to Spy on Americans
Key findings from the Committee and Select Subcommittee's investigation include:
- The FBI has manipulated the Suspicious Activity Report (SAR) filing process to treat financial institutions as de facto arms of law enforcement, issuing "requests," without legal process, that amount to demands for information related to certain persons or activities it considers "suspicious."
- In the days and weeks after January 6, 2021, the FBI coordinated with the Treasury Department's Financial Crimes Enforcement Network (FinCEN) to encourage financial institutions across the country to scour their data and file SARs on hundreds of Americans, if not more, without any clear criminal nexus.
- The government's access to Americans' private data is widespread and virtually unchecked.
- Financial institutions and FinCEN are expanding their capacity to surveil Americans through new, confidential projects and emerging technologies.
Report: How the Federal Government Weaponized the Bank Secrecy Act to Spy on Americans
WASHINGTON, D.C. – Today, the House Judiciary Committee and its Select Subcommittee on the Weaponization of the Federal Government released an interim report titled, "Financial Surveillance in the Uni
Yeah it’s called tax evasion. The level of corruption at all levels of gov’t is crazy. Nothing would surprise me anymore. Let’s face it - crypto bros bought the election and you have clowns like Lummis pushing her BTC agenda. In the meantime Lummis has had several conflicts of interest during her career including a violation of the STOCK Act for failing to disclose BTC purchases in 2021.
As successful as the crypto lobby was this year, you’re giving them far too much credit. Lobbying is nothing new
I’ll be the first to admit the strategy was executed to perfection with targeted lobbying campaigns like never before. Trump won swing districts that Republicans never do. Crony capitalism is on a whole other level now as billionaires have taken over the country. It’s the next gen of robber barons. IDK WTF will happen the next four years but hard for me to complain now that my investments are at ATHs. I’m very conflicted.
Believe me I’m enjoying it and feel fortunate, but I try to teach my kids that morals and ethics count for something but I’m not so sure anymore. At the end of four years, the “people” may not matter in this country anymore. I’d feel better if billionaires worried less about crypto and robo-taxis and instead found a cure for cancer or cleaned up the Great Pacific Garbage Patch which apparently is now twice the size of Texas.
