Pedro retweeted
The S&P 500 “committee” is an arcane approach to what should be a rules-based decision.
$MSTR is one of the 500 largest companies in the US, thus it should be in the S&P 500 index.
Simple as.
This is the core reason why we chose the Bloomberg 500 for our 500 products a couple years ago. Rules based with no black box committee.
@Strategy has been in our 500 index since last September.
Pedro retweeted
I wrote this on Monday:
"It is very concerning to read that the European Union has not presented any trade proposal to the United States".
The Biggest Hurdle to Free Trade Is European Bureaucracy.
tomorrowsaffairs.com/the-big…
Pedro retweeted
RT if you want America’s Digital Asset Reserve to be #Bitcoin only 🔥
Say NO to crypto 🇺🇸
Pedro retweeted
The ‘Virus Is Spreading’—Bitcoin Suddenly Braced For A ‘Major’ 2025 Price Move forbes.com/sites/digital-ass…
Pedro retweeted
Just a reminder that S&P 500 inclusion criteria is NOT about previous 4 quarters being all positive earnings. It is about the SUM of the most recent 4 quarter's earnings being positive. Huge difference.
New FASB treatment on digital assets kicks in next year, and the capital gains should be more than enough to make the sum of last 4 quarters' earnings positive.
No, we probably won't have to wait a whole year. Next quarter is probably enough.
This misunderstanding is all too prevalent on Seeking Alpha, so wanted to make it clear here.
Pedro retweeted
If a 43.2% quarterly bitcoin yield could somehow be maintained, MSTR could 17x its bitcoin holdings per share before the end of 2026.
How does a 2-3x NAV sound now?
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR microstrategy.com/press/micr…
Pedro retweeted
And we’ll dilute that thing like there’s no tomorrow 😂
El Salvador discovered $trillions of gold deposits that when mined will massively dilute the above ground supply of gold.
This can’t happen with Bitcoin because the code is open source, anyone can run a node to see that there will never be more than 21 million BTC, and new issuance gets cut in half every ~four years.
Goldbugs despair
Pedro retweeted
You buy #Bitcoin at the price you admit you were wrong about Bitcoin.
Everyone feels that they "missed" Bitcoin. Most people turn this bitterness into resentment towards Bitcoin.
They don't want Bitcoin to succeed, only because of their own selfish regret that they didn't buy it earlier. That's all.
Few have the strength of character to overcome that childish reflex...
To come to terms with that regret long enough to study Bitcoin...
To accept that you missed out on the 10,000x, but you can still grow your wealth 100x... and that's pretty fucking incredible.
That's the price of admission.
And only ~1/2000th of the world has gotten there, so far.
If you've made that journey, appreciate what you've accomplished. You're ahead of 99.95% of the world.
You did the hard work of accepting that you were wrong about Bitcoin & changing your views.
And you deserve the wealth that Bitcoin brings you.
(video from @_BitcoinMatrix podcast with @CedYoungelman )
Pedro retweeted
Bitcoin isn’t soaring.
Everything else is crashing as the world cashes out of overvalued assets into the new best form of money.
