Here’s the tally of gains since the April bottom: - SOLUSDT: +78.44% - the winner - BTCUSD: +49.80% - BTC #2 - TSLA: +40.58% - TSLA #3 - MSTR: +39.24% - While MSTR has not kept pace w BTC as NAV Prem has taken a dip, it is still up there. - QQQ: +35.39% - all the above beat NASDAQ. - GOLD: +11.35% - Gold being Gold.
In light of keeping things simple: When the money printer goes burr, inflation goes up, your purchasing power goes down, and that is why you buy hard assets.
This is a cool chart from Sylvain, which breaks down when and at what price Bitcoin will flip these assets. When Bitcoin gets to $123K, it flips Amazon, $158K it flips Apple, $191K it flips Microsoft, $217K it flips NVIDIA, and at $1.115 million it flips gold. image
Fun fact: Since 08-2020 to today’s date, MicroStrategy has gone up 3000% and β‚Ώitcoin has gone up 900%.
Oops. I added the wrong link in my last post. Correction: Masters covering masters AND at one of the best venues in America. https://www.youtube.com/live/l09P6tlrH1s?si=LrCuyBNPPSoz5uOt
Masters covering masters AND at one of the best outdoor venues in America.
In 2017, during the peak, Bitcoin’s price was about 4–5 times higher than the 200-day moving average. ​In April 2021, it was over 3 times higher. ​Today, price is only about 18% above the 200-day moving average. The potential for more upside in this cycle lean favorably.
The title below 80% are millionaires ... but it goes deeper. Roughly 50% of Nvidia, $NVDA, employees are now worth over $25 million. The AI revolution is producing unprecedented wealth. The fun news, it only just started. image
Saylor buys again. Results will post Monday morning. image