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The Bitcoin holdings of publicly traded companies, based on data from CoinGecko (accessed Feb 20, 2024). MicroStrategy at #1 MicroStrategy is an enterprise software company focused on IT and data analytics. The company began investing in Bitcoin during the early stages of the COVID-19 pandemic, and now owns over 174,530 Bitcoins worth approximately $9B. Tesla at #4 According to CoinDesk, Tesla invested $1.5B in Bitcoin in Feb 2021, accumulating roughly 43,000 tokens. Plans to accept Bitcoin as payment for its cars were also announced, though later retracted. The firm reportedly sold a large chunk of its Bitcoins throughout 2021 and 2022. #BTC🔥🔥🔥🔥 #Write2Erarn

The Bitcoin holdings of publicly traded companies, based on data from CoinGecko (accessed Feb 20, 2024).

MicroStrategy at #1

MicroStrategy is an enterprise software company focused on IT and data analytics. The company began investing in Bitcoin during the early stages of the COVID-19 pandemic, and now owns over 174,530 Bitcoins worth approximately $9B.

Tesla at #4

According to CoinDesk, Tesla invested $1.5B in Bitcoin in Feb 2021, accumulating roughly 43,000 tokens. Plans to accept Bitcoin as payment for its cars were also announced, though later retracted. The firm reportedly sold a large chunk of its Bitcoins throughout 2021 and 2022.

#BTC🔥🔥🔥🔥 #Write2Erarn

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Bitcoin to go vertical. Here is the analytical evidence. Certainly! When we examine the historical price patterns leading up to previous Bitcoin halvings, we observe a common trend of significant price increases before the event. Let's take a closer look at the two most recent halvings as examples: 1. 2012 Halving: #BTCTo1Million During the first Bitcoin halving in November 2012, the block reward reduced from 50 BTC to 25 BTC. In the months leading up to the halving, Bitcoin experienced a gradual but steady increase in price. However, it was in the months following the event that the real surge occurred. The price of Bitcoin skyrocketed from around $10 in October 2012 to over $260 in April 2013, marking a more than 25-fold increase. 2. 2016 Halving: The second halving took place in July 2016, reducing the block reward from 25 BTC to 12.5 BTC. Similar to the previous halving, the price of Bitcoin exhibited a gradual upward trend in the months leading up to the event. However, it was in the year following the halving that Bitcoin experienced its most significant price surge. The price started around $600 in July 2016 and reached an all-time high near $20,000 in December 2017, marking an astonishing increase of over 30 times. 3 2021 halving * 8 These historical price patterns suggest that the anticipation and speculation surrounding the Bitcoin halving can drive up the price significantly. However, it's important to note that past performance is not indicative of future results. The cryptocurrency market is highly volatile and influenced by various factors, both internal and external. As we approach the upcoming halving, it is essential to keep in mind that market dynamics can evolve, and the potential for a price surge is not guaranteed. It's always wise to exercise caution, conduct thorough research, and make informed decisions when investing in cryptocurrencies. Remember, the future is unpredictable, and while history can provide insights, it is not a definitive predictor of what will happen in the present or future.
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As Bitcoin consolidates on the verge of making a new all time high it all seems somewhat inevitable in hindsight. Now ETF’s are approved and institutions are onboard where does the next Bitcoin narrative come from? Where does it go from here? Traditionally, Bitcoin has been viewed as a high risk, high reward investment, often behaving like a tech stock. However, a closer examination of its evolving relationship with traditional markets suggests a potential shift in its role as a financial instrument. This newsletter explores the trajectory of Bitcoin transforming from a risk-on to a risk-off asset over a multi-decade period. I expect many investors currently look at Bitcoin as a bet on a broader market recovery and fed pivot. Early Signs of Decoupling We’ve started to see subtle changes on lower time frames where Bitcoin's correlation with traditional markets has parted. There are instances where Bitcoin's price movements have deviated from the patterns of tech stocks, suggesting a potential decoupling. This emerging trend, though still far from confirmed, hints at Bitcoin's capacity to act independently of the traditional financial ecosystem. If Bitcoin continues on a path towards decorrelation, it stands to become a valuable tool for portfolio diversification. As an independent asset class, it would offer investors a flight to safety that doesn't mirror the ups and downs of conventional markets. This unique position could redefine Bitcoin's role in investment strategies, shifting eventually from a high-risk option to a stabilizing force in diversified portfolios. This absence of counterparty risk presents Bitcoin as a potentially safe haven during financial turbulence, offering a level of security that is difficult to find in traditional finance. This combined with the lack of counterparty risk, offers a form of financial security that is could be highly valued in the future, especially in times of crisis. #BTC #Write2Earn‬
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