Pinned
Look, the strategy is really simple. Keep DCA-ing into #Bitcoin. That's it. Seriously, you can stop reading here.
Brian Brookshire
15.3K posts
Brian Brookshire
@btc_overflow
Bitcoin and Digital Credit | Advisor to Moirai Capital | Advisor @saturn_credit | frmr Head of Bitcoin Strategy @H100Group
New York
Joined March 2023
- Coinbase says they're re-starting "Bitcoin loans," but read the fine print. Coinbase is just the middle man. They wrap bitcoin into cbBTC and deploy it into an Ethereum-based DeFi lending protocol called Morpho. I would not touch this product with a 10 ft pole.
- Cantor Fitzgerald just boosted their price target on $MSTR from $518 to $613. 👀 Getting a little cliche to say Trump insiders know something, but I like the bullishness.
- And that's a wrap. $MSTR closes at $387.47 with a market cap of $89.30B for the Nasdaq 100 snapshot. Official inclusion announcement is on Dec 13. Fund rebalancing on Dec 20.
- Goodbye $GME. Closed my personal position today. The bitcoin treasury playbook requires commitment, consistency, and transparency. I don't care if I miss a larger move later. I don't trust management to execute over the long run and we're spoiled for alternatives.
- Bit Bonds in a nutshell: - 90% goes to government funding, 10% to buying bitcoin - 1% interest annually for 10 years - 100% of BTC upside paid up to 4.5% compounded annual return - Remaining BTC upside split 50/50 with the government
- $MSTR sentiment has become so bearish it makes me bullish. IV is brutally cheap. MSTR is on track to clear S&P 500 eligibility with a wide margin at a top 100 level market cap. But all anyone can talk about is lagging performance. Well, performance lags until it doesn't.
- $MSTR debt FUD is hilarious because no one ever pulls out a calculator. MSTR currently has a leverage ratio of 17% on their BTC holdings, with a target around 25%. Meanwhile, in real estate 500% leverage is normal and FHA loans enable $2,857% leverage. But sure, let's FUD MSTR.
- So tonight, we're panic dumping bitcoin because we're worried about an AI that pumps data straight back to the CCP upsetting American AI dominance. I don't ask for much, but please stop being retarded.
- $MSTR Q4 earnings call highlights: - New MSTR Metrics website (strategy dot com) - No FASB FV for Q4, re-iterated Q1 start - Re-iterated target leverage ratio of 20-30% of bitcoin holdings - Re-iterated shift in focus to fixed-income instruments in 2025 - ATM activity accounted
- Unpopular Opinion: $1 million #BTC is not in play for 2025 and you should unfollow anyone who claims it is. I still think Bitcoin will do quite well, but pumping such unrealistic expectations while living in denial of bear markets is actually what gets people rekt.
