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Posted
3 minutes ago, Tailgate said:

Cannot wait to see what happens when Vanguard opens up their wallet for Bitcoin. It will happen.

I've long thought the welcome to the big leagues moment will be when employers start to allow employees to buy bitcoin (actual purchase or ETF) with their 401ks. In a sense it will be purchasing an amount of bitcoin and putting it away for decades. That is where the scarcity of btc will come into play with less and less bitcoin for sale.

While there are now ~20m bitcoin in circulation with another 1m left to be mined, there are estimates that there are actually closer to 14-15m available. The rest being lost for a variety of reasons. If true, 15m is a small number. 

Posted
On 5/19/2025 at 1:51 PM, Brisketexan said:

If the USD goes "poof"....pray tell, what GOOD will your crypto be?  How will you use it to procure goods and services here in the "we don't actually have a currency" USA?  Will you be able to access the internet?  Use electricity?

If the USD goes "poof," none of that shit will matter or be in play.

If you are investing in a hedge against the dollar's complete and total collapse, as a resident of this country, you'd be much smarter investing in crates of ammunition.

Man, don't give them good ideas.

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Posted (edited)
On 5/19/2025 at 1:23 PM, Nice Guy Eddie said:

That is where the scarcity of btc will come into play with less and less bitcoin for sale.

nm

Edited by Incredulity
Posted

today is Bitcoin pizza day. The anniversary of when one early holder paid 10,000 BTC for 2 pizzas. Valued today at $1.1B.

also, happening yesterday and relevant to Texans.

 

soon, we'll all be hodlers

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Posted

This is how people should be approaching things. 
 

Just put a portion of your savings into it every month. You will benefit over time. 
 

I don’t even want to do the math of where I’d be if I put the kids’ monthly 529 deposits in bitcoin. I had that going to be “responsible”. Womp womp.
 

About 8 months ago I switched over and now do monthly bitcoin buys just for college savings. The tax advantages won’t be there but appreciation will be substantial as we print more money. 

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Posted

A few weeks ago the OCC, which regulates banks, pushed out a new order enabling commercial banks to custody and buy/sell cryptos to customers. https://www.occ.gov/news-issuances/news-releases/2025/nr-occ-2025-42.html

You are going to start seeing, when you open up your bank account, Checking, USD Savings, and Bitcoin/Tether accounts all listed together. 

The stablecoin bill, which is about to pass, is a serious problem for banks, because most banks are holding onto your cash and paying 0% interest, and for Visa/Mastercard who need their 2.5%. 

And when you have the option to save in a currency that doesn't depreciate to Bolivia and they're oh by the way they're not making more of it, you will do that too. 

Money printer going brrrrrrrrrrrrrrrr. 

 

Posted

Next MSTY payment announced tomorrow. I think a lot of people are going to be pissed if it’s 1.10-1.40, like it should be. The underlying and the synthetic positions were all down, but the weeklies kicked ass. Will be interesting to see if they juice it up based on the strength from the previous income that was withheld.

Posted

Something all politicians agree on. We need more brrrrrrrrr. 
 

 

23 hours ago, StassneyHorn said:

Next MSTY payment announced tomorrow. I think a lot of people are going to be pissed if it’s 1.10-1.40, like it should be. The underlying and the synthetic positions were all down, but the weeklies kicked ass. Will be interesting to see if they juice it up based on the strength from the previous income that was withheld.

I wish you luck. The engineering that goes into this security makes me a little uneasy. Thus I’m sitting it out. 

Posted
On 6/4/2025 at 7:54 PM, Luka said:

I wish you luck. The engineering that goes into this security makes me a little uneasy. Thus I’m sitting it out. 

There’s a good follow on X/Twitter/Youtube called RetireonDividends that downloads the daily holdings/transactions for MSTY/CONY and a few others at Yieldmax that helps paint what the firm does. He actually had the MSTY fund manager and the Yieldmax CEO both on for an interview and answered a ton of questions about prospectus changes that address NAV decay and how estimated ROC is deployed for tax advantages. 

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