So Michael Saylor and Strategy hold around $47 billion worth of Bitcoin if 800,000 BTC are valued at roughly $58,750 each. Of course, the exact value changes constantly with the market price
I think Bitcoin is an asset that no longer attracts much interest. People prefer AI now. Bitcoin has just been getting dumped, and miners are leaving Bitcoin for better returns in the AI sector. In short, Bitcoin might be dead. 😂 $BTC
And on top of that, not everyone can short the market. Futures trading is banned or heavily restricted in many countries because it's considered too risky and unconventional. We're not all equal as investors, and the playing field isn't fair. Honestly, the whole thing is a mess.
I think Bitcoin is dead because of BlackRock and large corporations. They sell everything they can, and it completely distorts the market. People shouldn't buy Bitcoin. It's a dangerous asset that doesn't resemble any coherent economic system. It's not a reliable store of value. $BTC
It's been almost 5 years, and I still don't recommend Bitcoin as a savings asset to hold long-term. That hasn't changed and probably never will. To me, Bitcoin is purely a speculative asset. Losing 70% in a single year? Come on, that's absurd
Even gold performed better — it managed to preserve a 19% gain. Bitcoin, on the other hand, preserved nothing and just crashed back down to its lows like a complete mess.
So it's the Europeans who are massively shorting and dumping crypto since MiCA was announced. Bitcoin doesn't have much liquidity left anymore! Unbelievable... damn Europeans keep overselling everything! 😡😡
Binance and MiCA in Europe could be over. MiCA (Markets in Crypto-Assets Regulation)
is the European regulatory framework introduced to provide legal certainty for the crypto industry, support innovation, protect consumers, maintain market integrity, and safeguard financial stability.
If Binance is unable to comply with MiCA requirements in Europe, it could have a major impact on the crypto market, given that Binance is one of the largest cryptocurrency exchanges in the world. However, saying that "crypto will disappear" is probably too strong.
A more realistic view is that such a development could create significant disruption, reduce liquidity, and accelerate the shift of users and businesses toward other regulated exchanges and platforms.
I think the "digital gold" narrative around Bitcoin is broken. Because of institutions like BlackRock, ETFs, and the growing influence of traditional finance, Bitcoin is becoming increasingly integrated into the existing financial system rather than acting as an alternative to it.
I also think the market may not experience the same cycles as before. The investor base is changing, capital flows are different, and large institutions don't behave like retail investors from previous cycles. The next Bitcoin cycles could look very different from what we've seen in the past.
Even Binance is changing direction, and it shows. They're starting to integrate traditional financial assets like NVIDIA, SpaceX, and others into their ecosystem. The line between crypto and traditional finance is becoming increasingly blurred.
If you had $1 billion tomorrow, what would you do with it? Would you buy a bunch of useless junk, or would you help accelerate the destruction of our planet like some billionaires do? Elon is one of them... 🤔
Whether it goes up or down, the "easy money" in crypto is basically the same story because of futures contracts. They're even banned in many countries, while others still allow them. In my opinion, they should be banned everywhere they're a scam.
MOVE is dead. The narrative has faded, the constant token unlocks are crushing the price, and today's geopolitical situation is only making things worse. The project was interesting, but it launched at the wrong time. Wrong timing, wrong project. It's down 45% in the last 90 days, and it feels almost impossible for it to recover. It has done nothing but trend downward since launch. Even other ecosystems with a similar token supply are performing much better and aren't nearly as deep in the red. Overall, it's a complete disaster. $MOVE
What if Bitcoin dropped back to $5,000? 🤔 I've been wondering about something. AI is going to disrupt the lives of millions of people by putting them out of work. So why should the stock market keep going up if so many people are unemployed? Just something I've been thinking about.