Michael Snoyman on Nostr: My company has recently started adding BTC to its balance sheet, which makes me ...

My company has recently started adding BTC to its balance sheet, which makes me _very_ happy. One side effect is that at our weekly leadership calls, we're now regularly discussing short-term BTC price action. Yesterday, I finally came around to the idea that we're going to be range bound between $85k-$95k for a while. Not that it bothers me personally, I'm a long term HODLer, but business needs are different and require shorter term time horizons. And this appears to be a pretty widely held consensus view.

Watching this Swan video this morning, it's making me wonder: since there's finally consensus growing that the BTC price isn't about to explode, are we ready for people's expectations to be subverted once more? I can't wait to hear what the announcement is later today on the strategic reserve, should be very interesting. #bitcoin

https://youtu.be/s7AYJm9m-AU

I'm also totally open to this video just being Swan marketing hype/hopium 😆