$MicroStrategy (MSTR.US)$ if you look pre-split it's attempt...
$MicroStrategy (MSTR.US)$ if you look pre-split it's attempted to go through $2,000 on two other occasions this would be the third attempt.
and if you look at the price of Bitcoin today versus the other two times it was much higher. so even though they've sold convertible prefers and bought more Bitcoin and even though the assets of the company have increased the market cap has gone up a hell of a lot more and yeah Bitcoin has not made in any push to a new high so that means it's trading at a premium relative to bitcoin much greater than it has in the past. that's kind of how I look at it this is just running on momentum right now it's not running on fundamentals.
am I looking at this wrong what are your thoughts?
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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Shootingstar : I think Bitcoin is at 100k already just manipulated and hedged for some reasons. the value of the stock could be tied to the potential poweress Michael salyor will soon have on the world if he is accurate. I hope he is a nice guy and a generous philanthropist who takes care of his country first then others. Bitcoin has proven it's resilience and here to stay forever. any industry or country not acknowledging it is doomed.
102328260 : Why down???