-
This was written on Monday morning. Haha it's been a busy week. ------------------------------------------------------------------- It's hard to know if the banks, corporations, and countries have realized that they cannot stop bitcoin - or if this was the plan all along. But 2024 has definitely been the year of corporate adoption. We are in the middle of this transition from "analog" to "digital" and even though banks can't hold bitcoin yet, they are buying the closest thing to it - MicroStrategy shares. Why can't they hold bitcoin? Well it's only 15 years old and we all know how long it takes for big banks and corporations to move. They have certain rules and regulations around what kind of investments they can hold. Magic internet money hasn't made it onto their approved list yet. But MicroStrategy has - since it's a publicly traded stock. And that's why we've seen a 150% gain in MSTR shares this year alone. I stumbled across an article recently with the title "NATIONAL BANK OF CANADA FI RAISES STOCK POSITION IN MICROSTRATEGY." Interesting. To the average person who has never heard of MicroStrategy, this would be completely irrelevant. Most people have no idea what MicroStrategy is - or that it's been the best performing stock since adopting the bitcoin strategy in 2020. If it said "NATIONAL BANK OF CANADA FI BUYS MORE BITCOIN," that might catch a few eyes. But the big boys don't want it catching any eyes. They are building their positions in bitcoin without anyone knowing. They understand the scarcity aspect of bitcoin and want as much as possible before the average person shows up. Let's look at some numbers here. These are mindblowing. - National Bank of Canada FI - now hold approx. 39,000 MSTR shares (up 746% from last quarter) - UBS Asset Management - now own approx. 640,000 MSTR shares (up 971% from last quarter) - Charles Schwab Investment Management - now own approx. 664,000 MSTR shares (up 587% from last quarter) - Swiss National Bank - now own approx. 468,000 MSTR shares (up 904% from last quarter) - Sumitomo Mitsui Trust - now own approx. 343,000 MSTR shares (up 1,071% from last quarter) - International Assets Investment Management LLC - now own approx. 239,000 MSTR shares (up 224,965% from last quarter) That is not a typo. They are no longer "dipping their toes" into bitcoin. MicroStrategy was added to the QQQ Index (top 100 companies on the market) which should create even more demand and attention from these big banks and funds. They have certainly got the memo. We are at an inflection point here in bitcoin. The bitcoin holders with .10 bitcoin - 10 bitcoin are the ones who get to decide where this thing goes. Individuals currently hold approx. 75% of the bitcoin while the big boys are desperately trying to play catch up. Since 95% of the bitcoin has been mined to date (with pretty much 100% mined by year 2064), this bitcoin has to come from somewhere. I did a segment discussing this on the show yesterday. It's worth a watch. You can find the show here. It talked about this transition and what the holdings could look like in 20 years if we aren't careful. Bitcoiners still hold the majority of bitcoin. And the only way that can change is if they get hacked, seized, or tempted to sell. The next 20 years in bitcoin will set the stage for the next 200. Moral of the story: They are coming for your bitcoin. The longer you wait, the more they will pay. Moral2 of the story: Never ever EVER sell your bitcoin. Lend against it instead. Think of it and use it like digital capital. Moral3 of the story: MAKE THESE FUCKERS PAY. --- PROJECT POTENTIAL - You can now find the expanded audio versions of these on the new podcast - Project Potential! I will be sharing the video versions here for the LITF members but you can also find it for free on Spotify and of course Fountain! Here is the link to Episode 008 on Fountain: https://www.fountain.fm/episode/nQb5z3PolahVwsPbYX4r --- Have a great day everyone! And remember, the only thing more scarce than bitcoin is time! Jor 875001