Today’s Nuggets
Nations Print FIAT and Buy
MSTR Volume is Nuts
Saylor to Redmond
Marathon Raising $1 Billion
Treasuries and Reserves
Bitcoin & Crypto are Property
Bitcoin Not Far From Google
ETFs Smash $100 Billion
Retail is Coming
In this story, I will dissect what happened in the first three weeks of November.
We will look at many charts and data to determine what will happen next and how long this bull run will continue.
The numbers are just extraordinary as more treasuries come online and more corporate debt is being issued to buy more BTC. We will look to see how this impacts the Bitcoin supply.
A media company filed a trademark for the name TruthFi, which will offer digital wallets, crypto payments, and financial services.
Some believe a multi-year bull market is confirmed. I always said there is a chance we get this perpetual bid for Bitcoin.
This is looking more and more possible each day.
CZ knows what is going on as he is in touch with many people all over.
CZ recently stated that nations will print money to buy Bitcoin, creating their strategic Bitcoin reserves.
Game theory is kicking in and the race is underway.
Hedge funds jumped in hard to short it, as it has been on an incredible ride.
This thing has swung $145 just in one day, about 26% from top to bottom. The volume of this asset in the first hour was $26 billion.
Remember, with great volatility, you get great vitality…
According to Eric Belchunas, the volume on the 2x MSTR ETF was $6 billion in volume in just two hours.
It is crazy how much action this ticker is getting.
Bitcoin Magazine has confirmed that Saylor is going to Redmond.
Last week, I reported it was a rumor that he was going to present to the board of Microsoft about a Bitcoin treasury strategy.
MSFT has about $90 billion in cash, so even if they just deployed 10%, that is big! It is not how much they will deploy but the game theory it will trigger for other treasuries worldwide.
Bitcoin-backed bonds are coming, no doubt about it. This will be huge!
This is the first guy to have the courage to take the plunge.
Bitcoin price has gone up further since he posted this on Instagram.
Marathon is raising not $700 million but it is now up to a billion dollars to buy Bitcoin.
This is the chocolate factory that is the biggest publicly traded Bitcoin miner in the world and they buy Bitcoin and mine approximately 750 coins a month.
It is amazing how $14 million went much further about a year and a half ago. Now, with nearly $100,000 in Bitcoin, it does not go very far anymore.
Every day, we see multiple treasury announcements from companies following the MicroStrategy playbook.
MicroStrategy still has the first-movers advantage. No company will accumulate that much Bitcoin as quickly as they have.
We had Florida and Pennsylvania news already.
Now, Texas is entering the race, and is trying to do it for the U.S. Federal government.
Again, it is about how quickly you can do it, not when you are going to do it. The race is on, and is crazy!
This is like Bernstein last week. Do it. Buy it.
This is like a warning. These people are on the phone with big-money runners and know what is coming next before we do. All I can tell you is the
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