My boyfriend probably thinks I’m cheating...I get up every morning at 5am and take my cellphone into the bathroom...
...but I’m just checking the Bitcoin price...💁🏼♀️
1/ Make It Rain: Coinbase Earnings Will Blow You Away
Coinbase is releasing their Q1 earnings tomorrow, before IPOing on the 14th.
Will they blow Q1 expectations out of the water? Why should the broader crypto community care?
Cathie Wood of ARK says, “Bitcoin is only ~$600B market cap. So half the size of Apple or Amazon....And yet, it is a very big idea. A much bigger idea than Apple or Amazon.”
Picture this: it’s 10 years from now.
Bitcoin is at $1M. Nice home. Amazing job. It’s Christmas, your kids are asleep. Your spouse and you are having a whiskey on the couch. It’s snowing outside.
All the hard HODL-ing was worth it. You made it!
*Drinks with my banking friend*
Her: “You know Bitcoin is fake money. None of your gains are real.”
Me: “Have fun staying poor” 🤷🏼♀️
Her: “WTF is that??”
The CFO of MicroStrategy sold nearly all of his shares *right before* Saylor doubled down on his Bitcoin bet.
He sold his shares for $26M.
They’d now be worth $56M.
Them - “So I hear you’re into crypto?”
Me - “Nope. Bitcoin”
Them - “Isn’t that the same thing?”
Me - “As much as steak and dog food are the same thing”
if you feel bad about screwing up at work this week...just remember there’s a guy who got a boat stuck in a canal and is now costing the world $400M per hour
1/ MicroStrategy has announced a $600M convertible bond raise in order to buy even more Bitcoin
How does this compare to their previous offering?
And is this their last?
Citi downgraded MicroStrategy to a “Sell” rating in December
MSTR went up 150%+
Citi just reiterated their “Sell” rating
How much is MSTR going up this time?
Microstrategy is allocating 100% of its $600M treasury reserve to Bitcoin
That’s just a *fraction* of Twitter and Square’s combined cash reserve of $10B
How soon before Jack allocates billions into Bitcoin?
MicroStrategy's Bitcoin is already worth 45% of their entire market cap
What do you do when the asset you're holding becomes more valuable than the company itself?