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Dave Portnoy interviews Michael Saylor re: Bitcoin
Read more: Dave Portnoy interviews Michael Saylor re: BitcoinOn December 9, Dave Portnoy of Barstool Sports interviewed Michael Saylor regarding what else, Bitcoin.
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MicroStrategy calls Special Shareholder Meeting to increase Class A shares up to 10.33 billion
Read more: MicroStrategy calls Special Shareholder Meeting to increase Class A shares up to 10.33 billionMicroStrategy filed a filing with the SEC proposing to hold a Special Shareholder Meeting. The proposals to be voted on include: There is no date yet for expected virtual shareholder meeting: Dear Fellow Stockholder: On behalf of the Board of Directors and our entire company, I invite you to attend MicroStrategy’s Special Meeting of Stockholders…
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Wall St. Journal calls MicroStrategy investor group a “cult”
Read more: Wall St. Journal calls MicroStrategy investor group a “cult”The Wall Street Journal has devoted an extensive amount of coverage to the company MicroStrategy in the past month. That’s due to the controversial business plan of MicroStrategy in buying large amounts of Bitcoin, financed by selling shares of its stock and convertible debt–repeatedly. Yesterday, it ran an article on the front page of the…
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Jerome Powell: Fed isn’t allowed to own Bitcoin. Congress can change that, but Fed not asking for it.
Read more: Jerome Powell: Fed isn’t allowed to own Bitcoin. Congress can change that, but Fed not asking for it.The Federal Reserve lowered interest rates 25 basis points, but signaled fewer rate cuts in 2025 due to a higher inflation reading. But Fed Chairman Jerome Powell said it analyzes the data as they occur. So predicting how many cuts will occur next year is not set in stone. Afterwards, the Dow fell 1,000 points…
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Bitcoin hits new all-time high, over $106,449
Read more: Bitcoin hits new all-time high, over $106,449Bitcoin hit another all-time high on December 15, 2024, at $106,449 per Bitcoin.
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Margin Call scene: “It’s just money.”
Read more: Margin Call scene: “It’s just money.”Great scene in Margin Call. Jeremy Irons, who plays John Tuld, the CEO of the investment firm MBS, tells Kevin Spacey, who plays Sam Rogers, the head of the risk department: “It’s just money. It’s made up. Pieces of paper with pictures on it. So we don’t have to kill each other to get something…
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Like clockwork, Saylor on Sunday hints at another Bitcoin buy
Read more: Like clockwork, Saylor on Sunday hints at another Bitcoin buyMichael Saylor is back at it again. Like clockwork, on Sunday, he’s teased another purchase of Bitcoin by MicroStrategy. Based on his past announcements, we should expect the official announcement on Monday. Stay tuned. Saylor Tracker follows all of his Bitcoin buys.
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Trump looking at Executive Order to buy Bitcoin for strategic reserve
Read more: Trump looking at Executive Order to buy Bitcoin for strategic reserveJack Mallers is saying that President Donald Trump may issue an Executive Order using the “dollar stabilization act” (aka Emergency Economic Stabilization Act of 2008) to purchase Bitcoin on Day 1 of his presidency on January 20, 2025.
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Michael Saylor explains Bitcoin’s appeal in supply inelasticity
Read more: Michael Saylor explains Bitcoin’s appeal in supply inelasticityHere’s Michael Saylor explaining the appeal of Bitcoin: its supply inelasticity. You can’t make more than 21 million Bitcoin. There’s an interesting comparison to why Bitcoin is better than beach-front property, which can be taxed annually.
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WSJ notes converts & skeptics re: Bitcoin
Read more: WSJ notes converts & skeptics re: BitcoinThe Wall Street Journal had a look at past skeptics of Bitcoin to see if they are still skeptics today. Here’s the list of doubters of Bitcoin: Here’s the list of individuals who have changed their position and recognize value in Bitcoin:
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Historic day: Michael Saylor’s MicroStrategy added to Nasdaq 100 stocks, now in QQQ
Read more: Historic day: Michael Saylor’s MicroStrategy added to Nasdaq 100 stocks, now in QQQDecember 13, 2024 was an historic day for not only MicroStrategy and its co-founder Michael Saylor, but also Bitcoin and the world. MicroStrategy was added to the Nasdaq-100, the Nasdaq index consisting of equity securities issued by 100 of the largest non-financial companies listed on Nasdaq. By such inclusion, MicroStrategy gets into the Invesco QQQ…
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The Economist recognizes value in Bitcoin. Finally.
Read more: The Economist recognizes value in Bitcoin. Finally.On Dec.12, 2024, The Economist published an article, title “Bitcoin is up 138% this year. It is a nonsense-free rally,” that recognizes the value of Bitcoin as a store of value. This is far cry from the Economist in 2011 in which it discussed “the bursting of the Bitcoin bubble”: Or the Economist in 2017:…
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Republican Texas state Rep. Giovanni Capriglione introduces Bitcoin strategic reserve bill
Read more: Republican Texas state Rep. Giovanni Capriglione introduces Bitcoin strategic reserve billRepublican Texas state Rep. Giovanni Capriglione introduced a bill in the state legislature for the establishment of a state Bitcoin strategic reserve. Expect other states to follow with similar bills. Alabama state auditor Andrew Sorrell has called for one. Senator Lummis has proposed a bill for the U.S. government. The Texas bill is below:
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BlackRock advises 1-2% investment in Bitcoin in multi-asset portfolios
Read more: BlackRock advises 1-2% investment in Bitcoin in multi-asset portfoliosIn a report titled “Sizing bitcoin in portfolios,” written by BlackRock’s Samara Cohen, Paul Henderson, Robert Mitchnick, and Vivek Paul, BlackRock takes the position that, while Bitcoin is volatile, a “resaonable range” for investors seeking a multi-asset portfolio is 1 to 2% of their portfolios. So how can investors think about a bitcoin allocation? Bitcoin…
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Trump rings bell at stock market as Time names him Person of the Year. Trump vows to make U.S. world leader in crypto.
Read more: Trump rings bell at stock market as Time names him Person of the Year. Trump vows to make U.S. world leader in crypto.What a historic day for Donald Trump. Time Magazine announced that he is its Person of the Year. Trump got to ring the bell at the start of the New York Stock Exchange. (Time interview here.) In an interview with Jim Cramer, Trump vowed to make the U.S. the world leader in cryptocurrency. Platon, the…