In January, I have written a post called The Real Reset. This was at a time when there was no war with Russia and interest rates haven’t started rising yet. Before reading this second part of the story, I highly recommend that you read or re-read the first part. Whether…
Michael Saylor was $4 billion in the money last year as bitcoin approached $70,000. Seven months later, he is losing almost $1 billion. When bitcoin was topping, he was persuading everyone how bitcoin was the best investment ever. Interestingly, not a peep on any of this from him now. As the market makes new lows daily, it will be interesting to see when comes the margin call. My prediction: bitcoin’s low will be in the day Saylor is forced to sell.
While the Western media outlets are full of the Western elite meeting in Davos discussing the latest in technocracy, there was another meeting held at the same time in the East. Specifically, the Eastern elite has met in Bishkek in the Kyrgyz Republic to discuss the end of globalization and a new beginning of something that will be very different than what we in the West are used to.
With the number of various cryptos approaching 20,000, one has to ask how much innovation is really needed to get to the utopia that crypto aficionados talk about, i.e. the future of money. One of the most vocal proponents of this future technology, decentralized and all the other buzzwords included is Terra (“ticker” symbol Luna). Let’s take a look at Terra’s present which is an ominous sign for the future of crypto.
The Tactical Trader returns with a timely update regarding the crisis in our current financial system and how the fallout might impact the broader markets. This update also sheds some more light on the disadvantageous situation Michael Saylor and the larger Bitcoin community finds itself as the price of Bitcoin closes in on the crucial $30,000 level.
“I have to invest into something that is going to keep up with or exceed the cost of capital. Now how are you going to make money, if you pretty much give up all your capital and you start creating a new product to compete against Microsoft, Facebook, Amazon, Apple, or Google? If you want to preserve shareholder value, you have to buy bitcoin.” said Michael Saylor, CEO of MicroStrategy, on June 8, 2021. Let’s take a look at his ideas a little bit closer.