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Sam and Sam

Following0Followers (X)11.12KPosts426Likes9.39K
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There are no easy wins in Bitcoin. Getting to gains of 100% or more, requires the payment of many dues. The volatility, and relationship with macro-economics, politics, markets: surviving the hacks, the FUD, the wild price predictions and death prophesies - it all takes its toll. It is psychological warfare. Anything you gain, you've earned.

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Bitcoin can go well beyond $100k by Thanksgiving. 🚀 ​This stagnant market is the exact pressure-cooker setup from late summer. In early August, Bitcoin sat locked in a grueling sideways range, which had sentiment on the floor. Traders declared the rally dead. 4yr Cyclists doubled down on "$40k Bitcoin by October 5th". Then Bitcoin said: "Hold my beer...." 🚀 Despite the illusion of Bitcoin being boring or broken, behind the scenes exchange reserves were systematically draining while institutional buying laid a firm floor. ​When that structural spring uncoiled through September, the move was swift and unforgiving, like a volcano erupting. The sudden 43% move tore through resistance as sell-side liquidity evaporated. Bears were slapped down. Traders were taught a hard lesson. ​We are seeing that exact same setup right now. This consolidation is flushing out weak hands and transferring supply to long-term holders. Daily, order books thin out as corporate treasuries and ETFs absorb the remaining float. ​When capped supply meets inelastic demand, sideways action only lasts until inventory runs dry. A repeat 43% move launches Bitcoin straight past $100,000. ​With Q4 seasonality turning wildly bullish, the runway to Thanksgiving is primed for a breakout. By the time headlines confirm six figures, this buying window will be gone like a fart in the wind, and all eyes will be on a new ATH heading into the New Year.

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...and still a chance for a new ATH by year-end, in my opinion. 🚀 We are going to have a great holiday season! 🦃🎅🎄🚀

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The honeymoon period may be over for $ASST It has been an incredible year for Strive. Of that, there is no doubt. But now, eyes are being drawn toward what may lay ahead. And it could be a sliding doors moment. With $SATA a couple of bucks off par, and new guidance stating that no issuance of shares for the purposes of buying more Bitcoin will take place below $100, AND a desire to generate "total returns", the questions are really simple. But really important. Will any potential Bitcoin purchases come exclusively from $SATS? Will reserves be used to buy back $SATA? Will we see a couple of weeks with no Monday morning announcements at all? And the one I and many other shareholders are watching: Will Strive ATM the common, to either buyback SATA, buy Bitcoin, or increase the cash reserve now that SATA losing par may be creating some market pressure? Strive has yet to put a foot wrong. The entire execution has been flawless, and rightly lauded by many. But sometimes the market presents particular questions at particular times, and it feels like for the first time, Strive must show its hand for the short to medium term future. Bitcoin Treasuries dont need to race to a certain stack size too quickly. They dont need to announce moves every week. Sometimes you just put the lid on the pot, turn down the heat a little, and let things simmer for a while before any taste tests or the addition of any more ingredients. It's going to be very interesting to see how Strive plays this.

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Apple should buy Anthropic, and instantly become the leading Ai / Tech / Communications / Hardware company in the world, with a moat that only Tesla / SpaceX could get close to bridging. https://t.co/5xgv8yYM7Q