Michael @saylor has solved the stock market.

MicroStrategy is outperforming the entire S&P by literally just buying bitcoin.

If you don’t think this is sustainable, or rational - read on.

This is the MSTR playbook explained in 4 easy steps.
🧵👇 STEP 1: GO ALL IN ON BITCOIN

MicroStrategy has converted nearly all of its liquid asset base into BTC.

This has 1) been great for marketing to Bitcoiners, and 2) given the company’s stock exposure to BTC volatility. Some compare it to a modified Bitcoin ETF.

🧵THE SHARPE RATIO: WHY INSTITUTIONS LOVE BITCOIN 🪙

There’s a reason that professional investors are piling into bitcoin – and it’s likely not what you think.

Ironically, Bitcoin is one of the strongest assets for reducing portfolio risk.

Time to study the Sharpe Ratio.👇 First, let’s define our terms.

CORRELATED: When one asset rises, the other usually rises.

REVERSE CORRELATED: When one asset rises, the other usually falls.

UNCORRELATED: The movements of one asset don’t predict movements of the other at all.

🧵8 WAYS THAT TRUMP WILL BE BETTER FOR BITCOIN

For the first time ever, the United States will have a President who actually likes Bitcoin.

Trump made many appeals to Bitcoiners suggesting he’ll treat them far better than his predecessors.

Here’s what he’s promised 🇺🇸⏬: Trump will fire SEC chairman Gary Gensler.

Gensler and his commission stonewalled Bitcoin ETFs for several years, sued every crypto firm under the sun, drove innovation overseas, and badmouthed Bitcoin as having no fundamental value.

Bye, Gary. YOU’RE FIRED.🫵

🧵WHY BITCOIN IS BECOMING A PART OF TRADITIONAL FINANCE

The launch of Bitcoin ETFs in the U.S. in 2024 was the most bullish event in years – yet some see it as contradictory to Bitcoin's decentralized ethos.

My first piece for Forbes:

forbes.com/sites/edanyago… Bitcoin was meant to be decentralized, but now it’s available through explicitly centralized products like ETFs.

Over 1,000,000 BTC are now controlled by ETF providers, including traditional finance giants like BlackRock and Fidelity.

A lot of people are asking - so a quick thread on Rollups on #Bitcoin

Yes, they are real, and they are spectacular.

But, details matter👇 First, there are a number of projects doing the hard work of bringing them to reality:
@SovrynBTC, @alpenlabs, @kasarLabs, @chainway_xyz, @TaprootWizards and others.

More are joining all the time. This is probably the most exciting thing happening crypto.

Why?

Israel suffered the worst military outcome in its history yesterday.

How did this happen? How did the vaunted IDF fail so dramatically?

Eight factors are starting to emerge that explain what happened…👇 Factor 1: Israel has built a formidable set of fortifications on the border with Gaza.

However, fortifications are useless without people to man them.

A political decision was taken to deploy almost the entire combat force to the West Bank.

In particular…

On convictions, soy boys and #Bitcoin Maximalism.

1/ Heinrich Heine recounted and a friend visited the Cathedral of Amiens. His friend asked why nobody built such marvels anymore, and Heine replied:

2/

Centralization is dead. The world just hasn't realized it yet.

Our century so far, in a thread👇

(01/18) Our century started with a dramatic example of a decentralized system (terrorism) attacking the Citadel of the the greatest centralized power.

The Pentagon was capable of defending the American mainland from even the Soviet Empire. But Al Qaeda was not centralized.

(2)

1/ Why do people treat #Bitcoin with such awe. Magic internet money is revolutionary, foundational tech? Really?!?

Absolutely!👇 2/ The last few hundred years have seen unprecedented human progress: innovation, prosperity, poverty reduction.

Progress wasn’t a thing until very recently. Why?

Want to know why #Bitcoin hit a new all time high today?

Its because Bitcoin got new superpowers yesterday.

Explainer thread👇 1/ Yesterday a bunch of Bitcoiners launched @SovrynBTC. This fulfils a dream almost as old as Bitcoin itself and marks a new phase for Bitcoin.

Analysis of the evidence shows that #Corona pandemic could be over faster than most people expect.

Short Thread. 👇 First, different countries, employing very different strategies, are seeing similar reductions in R0 over time.

#Bitcoin TWANG Theory 2020 - To the moon.

How the Bitcoin bull-run will play out...

...thread, bad news first 😟 Bad news: #Corona Virus is a global shock, possibly the worst in our lifetimes. Entire economies are shutting down, and it will get exponentially worse, before it get's better.

1/9) There is a scam bigger than any other scam in crypto: KYC/AML
(Know Your Customer, Anti-Money Laundering) 2/9) KYC forces banks, businesses and startups to spend billions of $ tracking every single financial transaction