Adam Livingston

speaker
573 appearances 1 recordings 1 series first heard Jun 2026 last heard 24 Jun

Adam Livingston’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

Appearances

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That was when Trump just won the election where we were talking about a strategic Bitcoin reserve.
You saw Bitcoin move from, I don't remember exactly, 55K in September to 90K.
That was like lightning in a bottle, everything going right to hit 3.4 at that time.
And that's why Saylor was selling stock hand over fist, because you don't squander that opportunity.
Like, go get the Bitcoin when the stock is that expensive.
So I think MNAP will always oscillate just because the price is in the numerator, the price of the company, and price is a reflection of market sentiment.
So I don't think that, like...
we go to one and stay there forever.
I think that's insane.
But also I don't think like we just go back to a 3.4 either.
It's tough because we're thinking of these like long-term hypotheticals.
Could MSTR one day command a huge premium because they own 6 million Bitcoin and they can issue more credit than everybody and Bitcoin is like the new foundation monetary base?
That's an interesting question, but it's all like hypothetical.
At least in the next five years, I would be shocked if we ever saw an MNAV explosion like that again.
Yeah, I agree with you 100%.
I think that the market is trying to find a villain right now, and Saylor is that guy.
He'll be the hero in the bull markets, and then in the bear markets, he'll be villainized by a lot of the community.
I think that it is a buy signal.
And it's not even a question of opinion, almost.
It's almost like a mathematical reality.
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