I did it again!
Pete and I went live again last night and brought us some important details about the big moves that will take place in the crypto space this Monday.
There’s still time to re-watch Last night’s emergency Zoom briefing Here 👇.
The last time I made this bitcoin (BTC) Rocket Up Nearly 10% in just one week.
And I think there could be a bigger move next week…
So I thought I used today’s problem and used it to prepare for what’s coming.
MicroStrategy (NASDAQ: MSTR) A business intelligence software company that has been around for over 30 years.
You may have seen micro strategies in the news recently, but that’s not what the company is doing in the software sector.
That’s because MicroStrategy is barely a software company.
Remember how big a deal was when Microsoft shareholders voted last week on whether the company should buy Bitcoin as an asset class?
Well, MicroStrategy has been buying Bitcoin for nearly five years.
In 2020, then CEO of MicroStrategy Michael Saylor made the bold decision to start acquiring Bitcoin as a potential hedge against inflation.
And the company continued to buy Bitcoin.
It was a dangerous move. But so far, the decision has paid off with MicroStrategy spades.
As chairman, Saylor oversaw Large scale The company’s stock price has skyrocketed over the past five years.
This year alone, the company’s shares are 521%.
Of course, this incredible stock story has nothing to do with the company’s software business.
The estimate shows that the value of microstrategy per share in the software business is only 0.3% of the stock price.
But it’s from the company Bitcoin The business is booming!
Because it is so important to MicroStrategy’s business, the company had to come up with new performance indicators.
It is called “Bitcoin Yield.”
We also track the rate of change over time with the ratio of diluted diluted stocks from our Bitcoin Holdings.
But you don’t need to understand how “Bitcoin Harvest” works to understand why I encouraged others to join Live Briefing last night.
All you need to know is what MicroStrategy owns now More than 2% of total Bitcoin supply…
Supplies concluded with 21 million coins.
And that brings me to the big moves on Monday…
What’s going on Monday?
On December 23rd, MicroStrategy will be joining the NASDAQ-100.
This is an equity market index reserved by the NASDAQ Composite Index’s complete 100 non-financial companies by market capitalization.
And that’s a big deal.
As you know, the micro-tactics were eligible to participate in the Nasdaq-100. Technically Software company.
But as I just showed you, it owes most of its market capitalization to the company’s Bitcoin investment strategy.
MicroStrategy’s market capitalization is up from approximately $1.4 billion on August 11, 2020. $93.9 billion As of Monday.
That’s more than 6,600% profit.
Clearly, one of the main factors behind this huge profit is Bitcoin’s recent surge in over $107,000.
MicroStrategy’s imminent NASDAQ-100 index membership announcement also lifted the stock.
But that’s how we got bitcoin to focus on.
Because MicroStrategy was able to buy all of these Bitcoin by leveraging its debt.
We sold stocks and other convertible debt offers to help fund the purchase of Bitcoin.
In other words, the company has created a kind of infinite money loop.
As stock prices rise… you can buy more Bitcoin.
When the price of Bitcoin rises, you can purchase more Bitcoin.
And now the company is taking part in the NASDAQ-100, and many institutions with ETFs that reflect the Nasdaq-100 will begin purchasing micro strategies…
And that will cause the stock to rise.
As stock prices rise… you can buy more Bitcoin.
Do you know what’s going on here?
It’s like an infinite money loop.
This is my opinion
MicroStrategy has the world’s largest portfolio of digital assets.
That explosive growth shows how cryptocurrency-driven corporate strategies work…
And the entry into the Nasdaq-100 proves that its high-risk Bitcoin approach can gain market acceptance.
As I mentioned last week about Microsoft’s voting…
It’s not whether it’s a problem when buying Bitcoin as an asset or when appealing to major companies.
Maybe it’s Amazon or Apple. Perhaps Microsoft shareholders will ultimately relent.
But that happens.
In the short term, MicroStrategy is doing two things that are making big moves on the Nasdaq-100.
One is that it could cause massive spikes in Bitcoin, as we saw last week.
Second, and more importantly, it is to prove that Bitcoin is a legitimate form of collateral.
I entered with a new Bitcoin ETF in 2004 and showed people it’s okay to invest in Bitcoin right now.
We end the year by showing people that it’s not just about what you can invest in…
But something you can object to.
Either way, I see Bitcoin rising and moving to the right.
And as I saw before…
When bitcoin rises, small coins tend to be produced Even bigger Movement.
My concern is that if you wait until Monday you could miss four altcoins that can make the biggest move.
So if you haven’t seen it… make sure Click this link to see last night’s emergency Zoom briefing.
nice to meet you,
Ian King
Chief strategist, Banyan Hill Publishing
