Is A Bitcoin Supply Crisis Incoming? Michael Saylor Is Buying Everything!
- •
STRC is buying massive amounts of Bitcoin daily
“Yesterday, he bought 14,834, which is more than all of last week, which was a billion dollars last week, which is $1.57 billion just yesterday, added to the 7,800 the day before. I mean, we're talking about right now a floor of 1 to 1.5 billion, seemingly only increasing, we know will be bought every single day in real time and completely trackable.”
- •
STRC uses infinite money glitch to accumulate Bitcoin
“But now he seems to have found the infinite money glitch. I hate that term. It makes me feel like the top is in and that we're all exceptionally euphoric. But here we are with the infinite money glitch. So last week, he bought almost 14,000 Bitcoin, 13,800 and something was about a billion dollars worth. Then on Monday, we saw STRC volumes absolutely skyrocketing.”
- •
Ethereum outperformance signals a risk-on market environment
“To me, it means that A, people are more willing to take risk. Within the circular crypto economy, we know that you can basically view Bitcoin as like a bond, right? It's the risk-free rate. It's the benchmark that you need to beat to do anything else. So when there's a flight to quality or flight to safety within the crypto community, people sell their altcoins and they buy Bitcoin.”
- •
Goldman Sachs files for a Bitcoin income ETF
“The bank is moving deeper into crypto with a Bitcoin ETF that generates income by selling options on Bitcoin linked funds following BlackRock's push into similar yield focused products. Well, BlackRock recently announced that they will be doing a similar Bitcoin income ETF. And now Goldman Sachs, who until now has not been really a part of the ETF race... they're going to create this product.”
- •
TradFi is rapidly financializing the entire Bitcoin ecosystem
“This is interesting because it's really a story about the financialization of Bitcoin, right? We've seen the kind of same trajectory that we've seen with other assets with Bitcoin. First, it's completely dismissed. It's nonsense. Think about, you know, gold before there were ETFs. So you had to literally trade physical gold. Complicated, right? When Bitcoin got an ETF, we saw that it was the most successful ETF of all time.”