Wow, congrats to everybody on WO and all bitcoiners elsewhere!
Typically, though, it retraces back to the prior ATH to "kiss it goodbye" before traveling up, but this bull is very strong, so I don't know if this is in the cards.
Maybe, depending on inflation numbers tomorrow.
EDIT: Saylor buying en masse probably depleted Coinbase stash causing them to go offline periodically last week.
EDIT2: There is only one MSTR, but I wonder of someone would not try to mirror their path and use some profitable company, then try to "SPAC" it into MSTR2. Maybe it is not easy to do as Musk tried something like this, but Mr. market did not give Tesla any premium for holding btc.
Is CB so poorly liquid that it cannot support the purchase of 12 000 BTC? I recently looked at a list of CEXs and it says that CB have about 400 000 + BTC - and I wonder if Saylor causes one CEX to start having liquidity problems, where do all the spot ETFs buy from? As of March 8, ETFs hold slightly more than 400 000 BTC + about the same amount if we consider Grayscale.
SourceMaybe not MSTR by itself, but MSTR layered on the top of multiple ETF purchases, but who knows, it was just time-correlated.
EDIT: Another 5K btc and MSTR would be at 1% bitcoin that would ever be. I wonder if M.Saylor would stop there, though. I also remember that Roger "the finger" Ver had 300K btc at some point (which he, apparently, bought at $5 per). I wonder how much of that stash he subsequently converted to a fork which he was so adamant about. He was definitely NOT a hodler.
HFSP France!
