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MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset | MicroStrategy Incorporated

2017 was retail FOMO
2020 is the start of corporate FOMO
2024? Nation state FOMO

More people are realizing the value proposition of $BTC and now small and mid cap companies are allocating a percentage of their treasury to bitcoin. Wait till an nation whose currency has failed to the USD (Venezuela, Argentina, Iran, Lebanon, etc) start mining and accumulating BTC. I believe we are at the cusp of a monetary reset.

I’ve been beating the drum here for years. Save your hard work today ($$) for your future time tomorrow. Front run the smart money.
 

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MicroStrategy Adopts Bitcoin as Primary Treasury Reserve Asset | MicroStrategy Incorporated

2017 was retail FOMO
2020 is the start of corporate FOMO
2024? Nation state FOMO

More people are realizing the value proposition of $BTC and now small and mid cap companies are allocating a percentage of their treasury to bitcoin. Wait till an nation whose currency has failed to the USD (Venezuela, Argentina, Iran, Lebanon, etc) start mining and accumulating BTC. I believe we are at the cusp of a monetary reset.

I’ve been beating the drum here for years. Save your hard work today ($$) for your future time tomorrow. Front run the smart money.

Agreed. With the printing presses running and international confidence waning in the USD as the global reserve currency, I'm hedging with crypto. I have about 15% of my NW in crypto (started with just 5%).

I'm 60% ETH and 30% BTC and 10% DeFi altcoins. Also, in some GBTC in roth IRAs. 2020 does feel different than the craze of 2017.
 
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It's amazing how the fed throws around a few trillion and suddenly everyone is a genius at investing.
 
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It's amazing how the fed throws around a few trillion and suddenly everyone is a genius at investing.

just read an article about how some economists want reparations for slavery totalling like 8-9T!

Another article about trump wanting to send direct checks again to the population, basically another round of stimulus check...

I think we are looking at several T more before the end of the year
 

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I sell the highs and buy the lows. Bitcoin so volatile.
 
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You’re honestly better off stuffing the mattress with silver and gold than Bitcoin. We figured that out 2 years ago when it was on a tear and then... kaboom.

Crypto makes commodity trading look stable.
 
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Another article about trump wanting to send direct checks again to the population, basically another round of stimulus check...


He’ll probably have his picture printed on the checks this time.
 
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I think the hedge is international. everyone has done better with covid than US. Most of S&P gains is just tech.
 

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You’re honestly better off stuffing the mattress with silver and gold than Bitcoin. We figured that out 2 years ago when it was on a tear and then... kaboom.

Crypto makes commodity trading look stable.

Elon Musk is currently working on a project that he believes will allow them to mine gold from space. Yes I know this sounds crazy but so did the internet at one point. Gold's value is its scarcity, when its no longer scarce it isnt valuable. Crytpo doesn't have this issue. At some point, maybe not in our lifetimes, its going to be the only currency there is.
 
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Elon Musk is currently working on a project that he believes will allow them to mine gold from space. Yes I know this sounds crazy but so did the internet at one point. Gold's value is its scarcity, when its no longer scarce it isnt valuable. Crytpo doesn't have this issue. At some point, maybe not in our lifetimes, its going to be the only currency there is.

Of course crypto doesn't have this issue... yet, because it's substrate of scarcity is energy (for mining). As clean energy becomes more abundant, this scarcity will also be diminished.
 

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Of course crypto doesn't have this issue... yet, because it's substrate of scarcity is energy (for mining). As clean energy becomes more abundant, this scarcity will also be diminished.

There's a finite amount of bitcoin, 21 million bitcoins to be exact. You can have all the energy you want but once 21 million are mined it won't do you any good.
 
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Elon Musk is currently working on a project that he believes will allow them to mine gold from space. Yes I know this sounds crazy but so did the internet at one point. Gold's value is its scarcity, when its no longer scarce it isnt valuable. Crytpo doesn't have this issue. At some point, maybe not in our lifetimes, its going to be the only currency there is.

"MAYBE not in our lifetimes?" DEFINITELY not in our lifetimes nor even our grandchildren's nor their's. Guaranteed.
 
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Just out of curiosity, those of you that "hold" bitcoin in your portfolio, which mechanism do you use? I've had small amounts for transactions that required it in the past, but never held long term.
 

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I hold one bitcoin in a secure wallet through Coinbase. That one coin I bought for 700$. The rest I actively sell and buy. It so easy to make money on bitcoin, however you have to have some “stomach”! Eventually I may get burned.
 

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The volatility of Bitcoin and cryptocurrency is not for the faint of heart. I just use funds that would not make a material difference in my life if I lost it all. The programmable aspect of the Ethereum blockchain via smart contracts is a fascinating and growing technology that I think will get fundamentally layered into our mainstream financial ecosystem at some point.
 

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The volatility of Bitcoin and cryptocurrency is not for the faint of heart. I just use funds that would not make a material difference in my life if I lost it all. The programmable aspect of the Ethereum blockchain via smart contracts is a fascinating and growing technology that I think will get fundamentally layered into our mainstream financial ecosystem at some point.

For all the Bitcoin and virtual currency investors, what makes this intangible investment so appealing? Why do you believe in a currency where massive amounts of fraud and deception could be at the fingertips of some brilliant programmers? Or how about all those missing coins that vanished from a few well known coin banks?

Have you ever considered a currency backed by the military industrial complex of the good ‘ol US of A?
 
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banister

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For all the Bitcoin and virtual currency investors, what makes this intangible investment so appealing? Why do you believe in a currency where massive amounts of fraud and deception could be at the fingertips of some brilliant programmers? Or how about all those missing coins that vanished from a few well known coin banks?

Have you ever considered a currency backed by the military industrial complex of the good ‘ol US of A?

I have a rather libertarian bent and would rather trust an immutable code that has been well audited and studied for almost a decade now rather than trust the government. Part of the appeal for me is the uncertainty of the effect that the aggressive monetary policy of the fed will have. Lots of cryptocurrency enthusiasts have this deep distrust of "fiat" money, which is essentially a government-issued currency not backed by any physical commodity, e.g., the US dollar. When (not if) the world eventually looks to other currencies as the global reserve currency and the US dollar loses value, I want to hedge my position with Bitcoin.

It is true that this abstract concept of Bitcoin has no intrinsic value unless others value it. Well, many people already value it highly and I'm betting that more and more people will do so once they understand that no more Bitcoin can be created.

I also agree that there is a steep learning curve to obtaining and keeping track of Bitcoin that led to people entrusting it to a custodian (i.e. a crypto coin bank) that got hacked and lost their Bitcoins. Newer companies (Coinbase, Gemini, Grayscale) now have a strong focus on safety, user experience, and compliance with the traditional financial system, where you can still have exposure to Bitcoin in a more familiar way. The fact that malicious hackers continue to try to steal bitcoins is further evidence for its value.

Finally, I think the fraud and deception argument against Bitcoin is a bit overblown. It is true that one of the earliest use cases for it was to transact on illegal websites. However, it's actually a terrible means of exchange for illegal activities because all the transactions are public and viewable and auditable by anyone. I would argue that the USD is more easily used for nefarious activities.
 

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Finally, I think the fraud and deception argument against Bitcoin is a bit overblown. It is true that one of the earliest use cases for it was to transact on illegal websites. However, it's actually a terrible means of exchange for illegal activities because all the transactions are public and viewable and auditable by anyone. I would argue that the USD is more easily used for nefarious activities.

I’ll just leave these examples here for you to digest.




 
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banister

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I’ll just leave these examples here for you to digest.





I'm well aware of these scams and hacks. Crypto speculating isn't for most people until more systems are in place to foster trust and make it more secure. For those who put in the effort to understand it rather than blindly trusting a centralized exchange to hold it or to buy into a scam, I'm betting that they will be rewarded. High risk, high reward. I'm at the stage of my career and financial path that I'm willing to take on the risk.

Also, I would still argue that way more people get scammed from their USD. I'm blaming the people, not the money.
 

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Just curious, what’s everyone’s tipping point? Which corporation or nation state has to announce $BTC accumulation for you to take notice?
 
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Just curious, what’s everyone’s tipping point? Which corporation or nation state has to announce $BTC accumulation for you to take notice?
The adoption of bitcoin by most countries would be another red flag to throw on the pile. It's already manipulated on a massive scale. Throwing a nation state chunk of resources at the pump and dump scheme has a lot of popcorn potential but I want no part of it.

I'll just keep watching, and keep my assets in, oh, I don't know, shares of companies in the US and overseas, bonds, real estate, that sort of thing. I have no more FOMO related to bitcoin speculation than I have FOMO related to any other currency speculation.

Meanwhile, I'll continue to be amused by defenders of this fiat currency (that isn't even usable as currency) whose main argument is that fiat currencies are bad.
 
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Meanwhile, I'll continue to be amused by defenders of this fiat currency (that isn't even usable as currency) whose main argument is that fiat currencies are bad.

This is my favorite part of the libertarian argument for bitcoin.
 
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You have to think what’s the fair pricing of equities if money printing is full steam ahead. There’s a total disconnect between the markets and the economy. Unless you’re close to the money spigot, you are at the tail end of the cantillon effect. Buffet buying gold mining companies, Microstrategy spending $250,000,000 of its treasury to purchase BTC and us that as part of its reserve asset (21,000 or 1/1000 of total supply). We’re running out of vehicles to maintain our wealth, chasing decreasing yield. A sound money (Bitcoin is the soundest money on the planet, more than gold) is needed to fight the inflationary force ahead of us.

Not sure if you guys heard, the the Fed said they’re gonna let the economy run above their 2% mandate. How high is anyone’s guess, but it’s coming.

Again visit https://wtfhappenedin1971.com/ / to understand how things changed after going off the gold standard.
 
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You have to think what’s the fair pricing of equities if money printing is full steam ahead. There’s a total disconnect between the markets and the economy. Unless you’re close to the money spigot, you are at the tail end of the cantillon effect. Buffet buying gold mining companies, Microstrategy spending $250,000,000 of its treasury to purchase BTC and us that as part of its reserve asset (21,000 or 1/1000 of total supply). We’re running out of vehicles to maintain our wealth, chasing decreasing yield. A sound money (Bitcoin is the soundest money on the planet, more than gold) is needed to fight the inflationary force ahead of us.

Not sure if you guys heard, the the Fed said they’re gonna let the economy run above their 2% mandate. How high is anyone’s guess, but it’s coming.

Again visit https://wtfhappenedin1971.com/ / to understand how things changed after going off the gold standard.

I don’t think we’re going to convince anyone here. Most are relatively conservative and risk averse, which is appropriate for many based on their stage in life and risk tolerance.

I choose to have more of a high risk barbell strategy. The vast majority of my investments are in VTSAX (one end of my barbell), but I’m enjoying my fun risky stack that holds BTC, ETH, and TSLA. I sure feel smart in a bull market but have also taken my licks in sharp downturns too.
 
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I don’t think we’re going to convince anyone here. Most are relatively conservative and risk averse, which is appropriate for many based on their stage in life and risk tolerance.

I choose to have more of a high risk barbell strategy. The vast majority of my investments are in VTSAX (one end of my barbell), but I’m enjoying my fun risky stack that holds BTC, ETH, and TSLA. I sure feel smart in a bull market but have also taken my licks in sharp downturns too.

I won’t stop. I want people here to have more questions from my posts than running to an exchange to get BTC. I don’t get much engagement when I lay the numbers out (I hope people are fact checking).

The current peak nanny state we currently live in have us just accepting all the we’re being fed. There’s a reason why we’re not educated on money, the economy and debt. And it won’t matter whose elected to the White House in November. One will accelerate the path we’re on, the other will cause a slower bleed out. The monetary irresponsibility we’ve seen the last 20 years has the US on the fast track to socialism. We need separation from money from government.
 
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You have to think what’s the fair pricing of equities if money printing is full steam ahead. There’s a total disconnect between the markets and the economy. Unless you’re close to the money spigot, you are at the tail end of the cantillon effect. Buffet buying gold mining companies, Microstrategy spending $250,000,000 of its treasury to purchase BTC and us that as part of its reserve asset (21,000 or 1/1000 of total supply). We’re running out of vehicles to maintain our wealth, chasing decreasing yield. A sound money (Bitcoin is the soundest money on the planet, more than gold) is needed to fight the inflationary force ahead of us.

Not sure if you guys heard, the the Fed said they’re gonna let the economy run above their 2% mandate. How high is anyone’s guess, but it’s coming.

Again visit https://wtfhappenedin1971.com/ / to understand how things changed after going off the gold standard.
On a similar note, each time our government takes on the debt obligations of a major organization (business, municipality, etc), that balance sheet expansion will place greater inflationary pressure on our currency, effectively allowing the citizens to quietly and unknowingly pay for those poorly run entities. How many states/cities have their fiscal house in order? What other solution can you predict? I see only one inevitable outcome.
 
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So, what is your recommendation on simplest/most effective way to accumulate for those of us less technically inclined or don't want to deal with personal wallets, GBTC stock?
Just buy on coinbase and then save to electrum wallet on your computer. If you ACH in money to pro.coinbase.com, there are no fees, and you can then buy coin at market rate.
 
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On a similar note, each time our government takes on the debt obligations of a major organization (business, municipality, etc), that balance sheet expansion will place greater inflationary pressure on our currency, effectively allowing the citizens to quietly and unknowingly pay for those poorly run entities. How many states/cities have their fiscal house in order? What other solution can you predict? I see only one inevitable outcome.
The question is, will your prediction of "inevitable" collapse and calamity come to pass in 1 year, or 10, or 100?

And what unforeseeable events might happen in the next years/decades to delay the "inevitable" even more?

Also, the world's largest economy with its nuclear weapons and massive military and world-leading technology and most of the best universities on the planet and abundant resources and two-ocean-castle-moat isn't going to go quietly into the night because some guys got clever with a crypto algorithm and wasted a gazillion terawatt hours "mining" numbers.

If you think the USG can't or won't regulate bitcoin ownership/use by US citizens (and lean hard on foreigners and the intl banking system) if it ever actually did become an alternative or threat to the dollar, you're dreaming. Bitcoin is useless as a currency. It has to be converted to a real currency to be used, and those gateways are few and vulnerable to actions by nation states, should they ever start caring enough to take action.

That's assuming that the totally secure unhackable completely trustable coinbase doesn't get hacked first, the way eleventy-nine other platforms have been.
 
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At no point did I mention crypto. If I were betting against our military power, the income-producing farmland that I co-own wouldn’t be located stateside. I am, however, bullish on physical assets.
The question is, will your prediction of "inevitable" collapse and calamity come to pass in 1 year, or 10, or 100?

And what unforeseeable events might happen in the next years/decades to delay the "inevitable" even more?

Also, the world's largest economy with its nuclear weapons and massive military and world-leading technology and most of the best universities on the planet and abundant resources and two-ocean-castle-moat isn't going to go quietly into the night because some guys got clever with a crypto algorithm and wasted a gazillion terawatt hours "mining" numbers.

If you think the USG can't or won't regulate bitcoin ownership/use by US citizens (and lean hard on foreigners and the intl banking system) if it ever actually did become an alternative or threat to the dollar, you're dreaming. Bitcoin is useless as a currency. It has to be converted to a real currency to be used, and those gateways are few and vulnerable to actions by nation states, should they ever start caring enough to take action.

That's assuming that the totally secure unhackable completely trustable coinbase doesn't get hacked first, the way eleventy-nine other platforms have been.
 
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Physical wars are so last generation. The coming wars will be fought digitally imo. A hash war is looming in the next 1-2 decades. If you don’t understand the technology of bitcoin, start out by studying the monetary policy and how it compares to other monies. The hardness cannot be argued.

 
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Elon Musk is currently working on a project that he believes will allow them to mine gold from space. Yes I know this sounds crazy but so did the internet at one point. Gold's value is its scarcity, when its no longer scarce it isnt valuable. Crytpo doesn't have this issue. At some point, maybe not in our lifetimes, its going to be the only currency there is.

But we don’t use gold as currency we use dollars which aren’t even linked to the value/scarcity of any precious metals. Dollars can be as scare or abundant as monetary policy dictates.
 

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But we don’t use gold as currency we use dollars which aren’t even linked to the value/scarcity of any precious metals. Dollars can be as scare or abundant as monetary policy dictates.
Aside The occasional hiccup, the overall trend will continue toward weaker dollars. Our deficits require an ever weakening dollar to service our debt and weak dollars help stimulate GDP/international exports. Ask yourself, aside from talking points, why any politician would want a strong dollar. Draw your own conclusions, but I see a society that has gone from production to consumption and, as a result, will consume whatever value remains in its currency into oblivion. I wouldn’t wanna be holding dolllar denominated assets with long maturities.
 
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Aside The occasional hiccup, the overall trend will continue toward weaker dollars. Our deficits require an ever weakening dollar to service our debt and weak dollars help stimulate GDP/international exports. Ask yourself, aside from talking points, why any politician would want a strong dollar. Draw your own conclusions, but I see a society that has gone from production to consumption and, as a result, will consume whatever value remains in its currency into oblivion. I wouldn’t wanna be holding dolllar denominated assets with long maturities.

Hahaha. I am sorry but are you claiming that within the next 30 years the world is going to experience a seismic shift where the currency by which the entire modern world economy is based on is somehow going to be replaced by a virtual currency backed by fantastical belief in its inherent power?

I think I just peed my pants. The US dollar is literally the bedrock of the world economy since the 1950s
 
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Hahaha. I am sorry but are you claiming that within the next 30 years the world is going to experience a seismic shift where the currency by which the entire modern world economy is based on is somehow going to be replaced by a virtual currency backed by fantastical belief in its inherent power?

I think I just peed my pants. The US dollar is literally the bedrock of the world economy since the 1950s
I hope your evaluation of your pain patients is more thorough than your evaluation of my statement(s). Again, never defended bitcoin.
 
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Wouldn't that depend on how seriously he takes you versus how seriously to take the pain patients? Perhaps the latter simply merit [more] evaluation ...
Well lookie here....what bridge did you crawl out from under?:troll:
 

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Now the IMF wants to teach retail about cryptocurrencies. My advice would be to learn about bitcoin and how it’s monetary policies differ from the federal reserve.
 

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I invested a few years ago in BTC mainly because of FOMO. But here is a huge problem I have with it.
1,000 People Own 40% of the Bitcoin Market

Not only is this a major concern for price manipulation, but also I can't trust it as an equitable form of currency, when only the early adopters are the ones rewarded.
 
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I invested a few years ago in BTC mainly because of FOMO. But here is a huge problem I have with it.
1,000 People Own 40% of the Bitcoin Market

Not only is this a major concern for price manipulation, but also I can't trust it as an equitable form of currency, when only the early adopters are the ones rewarded.

The demand for payment in this form by black hats terrorizing municipalities and hospitals also makes it ethically challenging to buy in to it since it directly rewards this criminal activity. It would be like buying stock in a company that did something you liked but also held innocent people hostage.
 

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The dominoes are starting to fall. We’re seeing 1st mover advantage.l with these companies adopting $BTC. BTC and other crypto currencies will be on the balance sheets of most Fortune 500 companies. BTC is a a global, 24/7, permissionless, disinflationary final settlement, open-source digital hard money the scarcity has not been realized by an overwhelming majority of the world. It’s a store of value currently. Only 21 million pieces ever (each BTC is evenly divided in to 100,000,000 subunits called Satoshis)

As scaling (or other secure public blockchains are adopted) occurs, we will see it be used as a medium of exchange. The current second layer being worked on Bitcoin is called the lightning network. You can use it now as a payment rails, although it’s in in infancy stages.

We’re witnessing asset price inflation via money printing. When (and if) the money printing stops, what happens? I’ve been front running these companies for some time. You guys should study what money really is and make adjustments accordingly. The money reset we’re witnessing is historic (and kinda criminal)
 

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With the Federal Reserve letting the economy run “hot” I will be allocating an increased %age to BTC, Silver and Gold to hedge the incoming increased inflation. It also strengthens my conviction to scarce digital assets. It’s not the price of bitcoin in USD I care about, it’s the percentage of the 21 million supply that I have.

The dirty crony capitalism (wrapped in monetary policy) we are witnessing is one of the greatest robberies in human history. The only people that benefit from the Fed’s policies are the ones that can get 0% loans. With those loans they buy up assets and benefit. With the asset price inflation currently going on, get ready for a 40,000 Dow Jones (while the dollar strength $DXY has been saying otherwise).

Hopefully consumer prices goods (food, healthcare, etc) can hold off the hot economy experiment the Fed is planning on running.
 

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We waste enough energy using blockchain for crypto to run a country. It is ridiculous.
 
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So why don't you just buy up those assets and benefit, instead of gambling and speculating on bitcoin?

I mean, gambling is fun, more power to you if that's what you want to do, but if your fundamental premise is that the DJIA is going to 40,000 because the dollar will inflate, why not just buy DJIA equities or other hard assets that produce something and grow in intrinsic value?

You still haven't addressed the elephant in the room regarding crypto, that countries with their fiat currencies aren't going to quietly let some crypto coin shenanigans take over the world. It's a complete fantasy to think that significant - if not punitive - regulation will come to pass and affect every cryptowhatever holder living in any country that's a desirable place to exist.

You crypto guys are like Napster users who thought their unregulated decentralized free exchange was going to last, and their only opponent of note were some sleazy record company execs.
 
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So why don't you just buy up those assets and benefit, instead of gambling and speculating on bitcoin?

I mean, gambling is fun, more power to you if that's what you want to do, but if your fundamental premise is that the DJIA is going to 40,000 because the dollar will inflate, why not just buy DJIA equities or other hard assets that produce something and grow in intrinsic value?

You still haven't addressed the elephant in the room regarding crypto, that countries with their fiat currencies aren't going to quietly let some crypto coin shenanigans take over the world. It's a complete fantasy to think that significant - if not punitive - regulation will come to pass and affect every cryptowhatever holder living in any country that's a desirable place to exist.

You crypto guys are like Napster users who thought their unregulated decentralized free exchange was going to last, and their only opponent of note were some sleazy record company execs.

What “hard assets” are you referring to? The Gold and Silver market has been manipulated for over a decade via the futures market. The cracks in the paper vs physical delivery was exposed earlier this year. Every market is manipulated. The equities market has been manipulated by all this money printing. DJI could to all time highs because the purchasing power of USD is decreasing. We could also deflationary forces play out if the fed stops money printing. But yesterday Jay Powell said money printer will be on full blast for at least the next 5 years (really 15 years but who’s counting).

Of course at this point bitcoin can be manipulated. With a total market cap of 200 billion it can be swayed by whales. But it’s absolute scarcity is being realized by corps, and they’re starting to move to adopt bitcoin because, the tangible value of most equities and commodities (remember negative oil futures a few months back) has been distorted and disconnected from any reality. The amount of Bitcoin I possess could never be manipulated since it’s based on a total supply that’s written into the code (which is open source). I expect a full on war by governments this decade in the form of bans and seizure from exchanges (remember executive order 6102). But with self custody (literally holding your net worth in bitcoin in your brain) seizure is impossible.

I think you’re underestimating what’s happening around the world with currency failure and economies crashing. I would expect the US to fight bitcoin the most since as the world reserve currency (I think a monetary reset is on the horizon, so that could change) they have the most to lose. But you think a nation whose currency has failed repeatedly is not gonna stop and consider making their nation crypto friendly and attract new wealth and talent? And physical intimidation via war won’t happen. Look what’s going on in our country. We’re the world leader and we can’t even keep our affairs in order. How we gonna invade another?

We are going through a secular shift in the way we live life and conduct business. We’ve been in the Information Age from the 1990s via the dawn of the internet. I see this as the next iteration which is the digital age. So far this year work has been digitized, education, healthcare, government and law, the money is coming faster than you think. And once that happens (all cash ban) say goodbye privacy.

I’m not telling anyone what to do here. But look around and see what’s going on. Bitcoin is different because it flips everything you understand about how the economy and money works and makes you make fundamental questions on how and why things happen the way they do. I would hope everyone here would do so. Thanks for the engagement
 

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