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Haseeb

đŸ‘€ Speaker
1106 total appearances

Appearances Over Time

Podcast Appearances

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

And the signal clearly has accelerated this, but only since Tuesday, right?

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

And the market was coming down before Tuesday.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

So I think it's quickened the pace of the sentiment turning sour, but it doesn't explain the full drawdown that we've seen since Bitcoin kind of recovering to near 80K.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Well, look, I'm not a TA kind of guy, so I don't know what's a normal or not normal price chart.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

I'm like, I think it was true that there was a sentiment reversal.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

People felt like the weekends had been shaken out.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

A lot of retail had already exited the market.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

And so it's like, okay, now we've, you know, we've...

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Taking our lumps and now it's time to reconsolidate and kind of reestablish, okay, how do we feel about the fair value of Bitcoin?

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

I think it's pretty clear this market is very flows-driven right now and very sentiment-driven.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

And sentiment, I think, you know, Saylor was probably testing the market, as you mentioned, and I think he got...

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

The answer he was not looking for, which is that absolutely not.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

You are not allowed to sell like you are a big part of the story of why Bitcoin gets to keep going up.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

And so I think Saylor likely has internalized this lesson of never press that button ever again for as long as really you think that he is not.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

You you think this response has told him, OK, yeah, it's fine.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Go sell some more.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

I don't think they get for multiple years.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

I believe the Stretch dividends are like over a billion a year.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

And he has $700 million on hand, if I'm not mistaken.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

So I would take the opposite view.