These days, there has been new content every day. Yesterday, MSTR's expanded bond issuance triggered a spiral increase, and today, Citron's short position on MSTR caused MSTR to have a rollercoaster day, rising nearly 10% at the open, then falling nearly 10%, and then returning to a 5% rise, currently down another 5%.
After SEC Chairman Gary Gensler announced his resignation, #BTC surged again to a height of $98,500. This time, the rise in BTC might slightly alleviate the pressure on $MSTR. In fact, Gary was quite friendly towards cryptocurrencies in the early days. In 2021, he not only approved the spot ETFs for BTC and #ETH but also frequently communicated with FTX's Sam to establish new regulations to promote cryptocurrencies. Unfortunately, with the collapse of FTX, the Democratic Party began strict regulations on cryptocurrencies under the premise of political correctness.
Currently, BTC is just one step away from breaking through $100,000. This number used to be merely a hope for everyone, but now it is about to be realized. However, I noticed that some friends did not enjoy the profits from BTC's rise during this process, mainly because they thought BTC was too expensive. Many friends were waiting for a four-digit price when BTC was at $16,000, waiting for a pullback when it was at $30,000, and expecting Sell The News to crash BTC when the spot ETF was approved at $46,000.
At $64,000, I thought BTC needed a significant pullback to align with the logic of the crypto world. After the results of the US election, I believed that the increase in BTC would be very limited, accumulating BTC at $76,000. When it reached $86,000, I thought it was time to short at the top, and since crossing $85,000, I haven't recommended buying BTC again, at most just dollar-cost averaging, because it was indeed getting a bit expensive at that time.
We used to say that BTC would become increasingly unaffordable for ordinary people. The first time I heard this was at $19,000, the N-th time was at $69,000, and the N+1 should be when it breaks $100,000.
BTC has given us multiple opportunities to buy on the dips, but most friends think BTC is too expensive, and buying altcoins is better, ignoring that this narrative almost exclusively involves BTC and a few lucky ones this round. The upcoming BTC may pull back, but even if it falls by 50%, that's still $50,000. Would you dare to take the plunge? Probably waiting for a lower price, but let's not even discuss whether it can drop by 50%. If it behaves like gold, by the time we wait for a pullback, the price could already be at $150,000, and even if it pulls back, it might be hard to drop below $100,000.
Even holding 1 BTC could be the best opportunity to change your and your descendants' fate. And this opportunity may become increasingly difficult to realize.
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