Author: Vivek Sen
Look, I’m not an professional in public markets, however elevating cash to purchase extra Bitcoin appears to be the plain new alpha for public firms.MicroStrategy pioneered this technique, and now, 4 years later, it is probably the most compelling and profitable story in company finance. Microstrategy has been the best-performing inventory within the final 4 years, beating each US firm, together with NVIDIA. That is loopy, proper? All due to Bitcoin.I’m certain the CFOs of most public firms are actually MicroStrategy and analysing how they turned a $1 billion firm right into a $70 billion empire in simply 4 years,…
Seeing Bitcoin’s worth rally as Donald Trump takes the lead on the world’s largest prediction market, Polymarket, made me do a little analysis on what Polymarket is and who makes use of it. And now I’ve to say — I consider that Polymarket leans pro-Trump. We have to account for that bias, and right here’s why.Let’s take a look at some knowledge. Polymarket exhibits Trump surging to an enormous 28% lead over Harris. One other prediction market, Kalshi, additionally exhibits Trump main by 18%. In the meantime, most different polls have a decent race. This large skew is mindless -…
It lastly occurred. Trump received the 2024 election and have become the forty seventh President of the USA of America. Merely put, this presidential victory adjustments all the things for Bitcoin.As a non-U.S. bitcoiner, I normally do not care a lot in regards to the US election and what occurs within the U.S. However this time, it was totally different. I watched it carefully. I used to be rooting for Donald Trump to win. As a consequence of Trump’s pro-Bitcoin pledges, I noticed this election as a referendum on the outdated financial system.Let’s be actual, when the U.S. sneezes, the…
Observe Vivek on X. I not too long ago stumbled upon a incredible report from 1A1z on “Funding Bitcoin.” I used to be stunned to study that Jack Dorsey funds over 60% of Bitcoin Core’s improvement by way of totally different organizations: over $5 million yearly, out of a complete of solely $8.4 million in funding. Wild, proper? For a $1.2 trillion asset, I anticipated far more various help.Now, you is perhaps apprehensive that that focus dangers him having an excessive amount of sway. If he turned in opposition to Core’s ideas, his funding leverage might be an actual concern.However…
Right this moment, town of Lugano in Switzerland unveiled an unbelievable statue honouring Satoshi Nakamoto, Bitcoin’s nameless founder. I discovered this tribute extremely inspiring and exquisite.The statue was revealed at Lugano’s Plan B convention, turning heads with its intelligent invisible design. Considered head-on, it disappears solely – representing Satoshi’s personal anonymity. That is an inventive masterpiece completely encapsulating his thriller.In fact, some bitcoiners like Mandrik discovered it underwhelming. However artwork is subjective. To me, this statue brilliantly captures Satoshi’s ephemeral essence utilizing visionary sculpture methods. And Lugano was the right setting as a number one Bitcoin hub with over 100…
I do know, it’s a giant assertion, however actually, the extra I give it some thought, the extra I’m satisfied – trying again, 2024 might be remembered because the defining yr for Bitcoin, the yr Bitcoin remodeled from magic web cash into an actual institutional funding and monetary asset.The proof is overwhelming:- Pension funds and college endowments allotted to Bitcoin.- The lengthy watch for a US Bitcoin ETF ended.- Wall Avenue giants like BlackRock purchased.- Larry Fink modified his tune on Bitcoin.However most of all, a number one U.S. presidential candidate stated he would make Bitcoin a financial reserve asset.…
Actually, at this level, Coinbase is simply embarrassing itself by not shopping for Bitcoin and doing foolish buybacks. Coinbase simply had a nasty quarter. After reporting disappointing Q3 earnings, its inventory plunged over 10%. To instill confidence, Coinbase introduced a $1 billion share buyback. However that flopped, too, with shares barely budging.This complete debacle simply reveals that Coinbase is foolishly ignoring the apparent technique right here — shopping for bitcoin.As an alternative of share buybacks, think about if Coinbase put $1 billion into bitcoin for its company reserves. That will have despatched an actual message. It could present they’ve pores…