2020– 17,732 bitcoin haven’t sold — you don’t sell your Bitcoin
158,400 Bitcoin micro strategy —
Consistently acquire more bitcoin
Debt equity for more Bitcoin
$4.7B of real money into Bitcoin
Below 10k– 175M cash Bitcoin
..
How many bitcoin do you have when Bitcoin hits 1M or 10M a bitcoin
.
No –>
Don’t think it is wise to sell bitcoin
Bitcoin Maximalist –> apex asset
Our strategy is simple — levered, long Bitcoin operating company
1.6% interest borrow
Buy more Bitcoin
.
Long Bitcoin
I wish $9,500 a Bitcoin — I wish I bought more!
.
August 10th, 2020–
192% increase
Big tech not as good as bitcoin
242% up –> levered long Bitcoin
Borrow money to buy more Bitcoin
Billion dollar borrow at 0%–> intelligent leverage
.
7 year 9 year 5 year term loan –> intelligent leverage.
Next 30 years want to own
Bernard aurnauld test —
Under perform or over perform?
40% cost to capital –> has to yield that … risk free
Risk Premium
.
All falling knives
USD money supply being increased –> world reserve currency
7% Year over 100 years
Weak currencies –> 14% a year inflation , 21% a year.
$1M debasing currency for 100 years worth $70 bucks
.28cents
…
Three choices
- Hold in USD — lose 7% a year cut half in decade … $1M to $700
.
Out-Innovate