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Central banks will do 'whatever it takes' to keep their monopoly over fiat money and the priviledge of Seniorage.
MSTR = USD 800 short term (close previous runaway gap)
MSTR = USD 500 mid term (Regulatory Risk, Tether fraud)
MSTR = USD 800 short term (close previous runaway gap)
MSTR = USD 500 mid term (Regulatory Risk, Tether fraud)
Comment:
NY Attorney General ends Bitfinex-Tether illegal activities
$850 Million in Losses Around the Globe
MSTR next target: USD 500
$850 Million in Losses Around the Globe
MSTR next target: USD 500
Comment:
MSTR acquired additional 20k BTC @ 52k
Additional debt: $1bn
Value destruction
Reiterate MSTR = USD 500
Additional debt: $1bn
Value destruction
Reiterate MSTR = USD 500
Comments
Dude... literally, wtf are you talking about? BTC has nothing but air above it to move into. MSTR is one of the biggest bulls. You're a new account with no credibility. I hope you're willing to explain to get people to hear you out.
Reply
@pikajew, thanks for your request
glad to illustrate my opinion
Microstrategy holds 71k BTC in his treasury
Value core business net of debt(1bn) + btc holding (3.5bn) = 170% market cap (10bn)
170% premium is not justifyed nor sustainable:
1. MSTR was not able to significantly improve margins nor cash flow in the last 10yrs
2. CEO was fined by SEC. Reputational damage.
3. Corporate Governance risk.
(Bitcoin not suited as PRIMARY treasury asset for a PUBLIC company).
4. A Bitcoin ETF has been approved by Canadian Authorities. MSTR is an inefficient tracking tool.
5. MSTR CFO can't mark a gain unless he sell, but will blow an hole in MSTR balance sheet if it drops.
In summary: premium will evaporate
50% DOWNSIDE RISK
glad to illustrate my opinion
Microstrategy holds 71k BTC in his treasury
Value core business net of debt(1bn) + btc holding (3.5bn) = 170% market cap (10bn)
170% premium is not justifyed nor sustainable:
1. MSTR was not able to significantly improve margins nor cash flow in the last 10yrs
2. CEO was fined by SEC. Reputational damage.
3. Corporate Governance risk.
(Bitcoin not suited as PRIMARY treasury asset for a PUBLIC company).
4. A Bitcoin ETF has been approved by Canadian Authorities. MSTR is an inefficient tracking tool.
5. MSTR CFO can't mark a gain unless he sell, but will blow an hole in MSTR balance sheet if it drops.
In summary: premium will evaporate
50% DOWNSIDE RISK
Reply
@Roger779, Show me a company in the entire S&P that is valued true to market cap without a ridiculous P/E
1. So what
2. Old news
3. Your opinion. Cash is a poor position to be in for any company right now. Maybe you suggest something really liquid like gold?
4. Yep and Greyscale exists too
5. Why would they sell?
Premium may correct some because it overran two weeks ago but as BTC continues to melt up they will intersect and both ride much higher. You’ve given a lot of opinion but nothing of substance. I would encourage you to put your money in short positions if you believe your thesis so strongly. I thought I may see some good DD here but definitely not the case.
1. So what
2. Old news
3. Your opinion. Cash is a poor position to be in for any company right now. Maybe you suggest something really liquid like gold?
4. Yep and Greyscale exists too
5. Why would they sell?
Premium may correct some because it overran two weeks ago but as BTC continues to melt up they will intersect and both ride much higher. You’ve given a lot of opinion but nothing of substance. I would encourage you to put your money in short positions if you believe your thesis so strongly. I thought I may see some good DD here but definitely not the case.
Reply
@Roger779, haha nicely done. It only took a sell off in the entire market for you to be correct.
Reply
@Rektheshorts, hope you not rekted? take care dont put too much emotions into it.
Reply
@meowoao, why would I be rekted? My above point stands. None of his points were validated by an entire market sell off in tech.
Reply
- Janet Yellen, US Treasury Secretary, former FED Chairperson
Again: Governments will do 'whatever it takes' to keep their monopoly over money.
Sell $MSTR