Category: Bitcoin
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“I’d prefer crypto to have some intrinsic value.”
Martin Shkreli expresses significant skepticism regarding Michael Saylor’s enthusiastic promotion of Bitcoin, labeling it as implausible and highlighting BTC as a possible hedge to short MSTR. While acknowledging Bitcoin’s increasing institutional interest, he notes a disconnect with the average investor and underscores the need for more user-friendly transaction platforms. Shkreli conveys a bearish outlook on…
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MicroStrategy
Andrei Jikh discusses the complex financial strategy that allows Michael Saylor to borrow public money to buy bitcoin. “MicroStrategy: The Infinite Money Glitch That’s Breaking Wall Street” explores MicroStrategy’s remarkable stock performance, which has surged over 500% in 2023 and nearly 2600% over five years, largely due to its strategic pivot under CEO Michael Saylor…
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Chaos Kings
Scott Patterson’s Chaos Kings, Part 1″ YouTube video, Scott discusses his latest book inspired by Nassim Taleb and Martin Baum’s experiences during the COVID-19 pandemic. Taleb, known for his Black Swan theory, earned significant profits from Universa , his hedge fund, during the market crash. The speakers debate the existence of market timing and Universa’s investment strategy,…
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BTC as Money?
Michael Saylor makes the case that Bitcoin should not be considered a currency due to its lack of legal tender status. He explains that using Bitcoin as a currency would result in added costs and complex accounting transactions due to its taxable status. Saylor also highlights that currencies are regulated by nation-states, and the advantages…
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Bianco on Risk
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SBF
Sam Bankman-Fried and FTX’s escapades and trial results.
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Bitcoin ETF “WHEN NOT IF”
Michael Sonnenshein, CEO of Grayscale, discusses the possibility of BlackRock getting the first Bitcoin ETF and how it affects their plans. The CEO states that Grayscale has long been prepared for a marketplace with multiple Bitcoin ETFs, so they are focused on converting GBTC. He also mentions that they are awaiting an opinion from the…
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BTC “Staying Power”
The inaugural Coinbase State of Crypto Summit was focused on regulation and the macro landscape, with institutional investors, corporations, policymakers, and academics in attendance. The sentiment in the industry has been high since BlackRock filed for a spot Bitcoin ETF, signaling that it sees a place for Bitcoin in an investment portfolio. Additionally, Fed chair…
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Balaji Panics….
Balaji Srinivasan discusses the recent financial crisis and compares it to the one that happened in 2008. He explains that over the course of 2021, many people were saying that inflation was going to happen, but the Federal Reserve continued to sell hundreds of billions of dollars in bonds during this period. However, in December…