SouthParkHodl on Nostr: I am the first to admit that I have no idea what will happen but here is my thought ...
I am the first to admit that I have no idea what will happen but here is my thought process. Last cycle (someone can check me on this - I think I’m close but probably not exact), MSTR traded from 100 to 1000 while Bitcoin went from $10k to $70. So MSTR did about a 10x while Bitcoin did a 7x. This cycle, since breaking its prior high, Bitcoin is up 30% while MSTR is up >400% . The price is going vertical (on a non log chart) over the last couple of weeks and so my concern is that it’s getting overheated vs the price of bitcoin. Maybe someone big got caught long bitcoin and short MSTR and are unwinding. Or maybe it’s normal to expect MSTR to outperform Bitcoin 10 to 1 (since breaking their prior cycle highs). By moving to Bitcoin, I am betting that Bitcoin plays some catch up on a relative basis.
Published at
2024-11-20 12:00:15Event JSON
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