"Dreams do come true, if we only wish hard enough, You can have anything in life if you will sacrifice everything else for it."
Neverland
Joined January 2014
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Peter Pan retweeted
First post in here. Lots to come. These pref stocks saved me this year, and it has been where the big money in BTC treasuries has been flowing.
Cumulative Dividend Prefs are a great way to manage BTC holdings while insulating yourself from volatility, at least that's how I have been using them.
Issuers have also been giving them away at discounts. While harmful to common equity holders in the short term, they have been extremely lucrative for early participants.
Peter Pan retweeted
BREAKING: OpenAI says that Elon Musk met with Meta CEO Mark Zuckerberg to discuss a $97 billion takeover bid of the ChatGPT-maker — TechCrunch
Peter Pan retweeted
In 2020, I went all-in on Bitcoin financially after being inspired by @saylor’s boldness.
Yesterday, I gave notice at my $400k engineering role at Amazon to go all-in with my time and energy too.
Couldn’t have done it without the support I’ve received here on X.
Thank you 🙏
Peter Pan retweeted
$SMLR appoints Joe Burnett @IIICapital as Director of Bitcoin Strategy. Announces three-year plan to own 105,000 #Bitcoins by Year-End 2027. So fired up to have Joe on board to help with this exciting new chapter in Semler's $BTC mission. 🚀
Peter Pan retweeted
I still believe that the mNAV compression at $MSTR whether resulting from “narrative fatigue” or volatility bleeding out into other securities/BTCs or the force of gravity and large numbers will nudge @saylor and @digitalphong to innovate again with respect to the $BTC horde on @Strategy ‘s balance sheet. They have already pivoted and improvised numerous times to bring us to current success. If the multiplying preferreds don’t rev up $MSTR ‘s implied volatility and the shares don’t perform at 2x $IBIT, then look for this smart management to pivot again and deploy their $BTC in ways other than by issuing securities against it. They won’t tolerate weak common share performance for very long as their flywheel needs volatility and reflexivity.
I must agree. I have seen Bitcoin survive through multiple timelines, including terrorist attacks, hacks, and quantum. Bitcoin seems to be pre-destined is all I can say. But the belief that a single company can/should do the heavy lifting necessary to overcome certain milestones is misplaced. The most bullish scenario for Bitcoin is a treasury company that trades at a rich multiple to Bitcoin itself. Imagine that Strategy traded at a mNAV = 4 and that said mNAV was upward trending over time:
It would create a rotating door of short sellers trying to capture the spread, hoping to capitalize on any short period of price compression. And each short seller would be competing to buy "cheap bitcoin". Let's face it. We have successfully meme'd our way into a new global reserve currency, Bitcoin, and it will seem rich to anyone who didn't buy their first coins at a fraction of today's price. The only way to make the Kerrisdale's and Chano's of the world view Bitcoin as CHEAP is to make it appear cheap when compared to a large, easy-to-short company like Strategy.
(please recognize the phrase "meme'd out way" with the pride of a pioneer ... I think I remember @scottmelker using this phrase with respect to the advent of Bitcoin long ago ... it's a good quote)
Peter Pan retweeted
Here's a new chart that can be updated @TradingView: tradingview.com/chart/BTCUSD…
Peter Pan retweeted
Scientists believe that the Milky Way is not only flying at 600 km/s, but also “flapping its wings”.
In this image taken with the European Southern Observatory’s Very Large Telescope, the butterfly-shaped nebula NGC 2899 appears to float in the vacuum of space. But this cosmic gas bubble, located between 3,000 and 6,500 light-years away, is not as serene as the winged insect it resembles. In fact, this planetary nebula was formed by the death of one of the two stars that astronomers believe reside at its center.
Astronomers believe that one of the two stars shed its outer layers at the end of its life, while the other is now dancing in a stream of gas from its neighbor, creating this stunning cosmic butterfly. The gas extends up to two light-years from the nebula’s center, glowing against the backdrop of the Milky Way. This gas can reach temperatures of over 10,000 degrees, thanks to radiation from the parent stars buried within.