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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

I don't think he's going to say, I'm sorry.

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

But I do think that he has been chastened by the market.

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

And he's learned, look, MicroStrategy now is so much bigger than they were in the past.

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

It's important to understand that.

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

They have sold Bitcoin before.

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

I believe in, what was it, 22 or something, they sold some Bitcoin.

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

But they are at such a bigger scale now than they were at that time.

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

It's such a bigger portion of the Bitcoin market.

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

And this is kind of the end game for DATS is like, once you become big enough, you are the market.

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

Right now, Saylor is the market.

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

And if the market itself is voluntarily capitulating, I think you see what the response is for market participants.

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

They just say, look, I'm getting the hell out of the way.

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

I don't want any part of this.

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

So now look, it's possible that he does one big fat sale

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

I don't know that the liquidity is like, it's going to be ugly to try to raise a couple billion dollars in this environment.

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

But maybe he does one big fat sale and then says, I'm cooling it.

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

No more sales for a long time.

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

That's the least bad way to do it if you're going to do that.

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

But I think it's more likely that he is just going to take the lesson of, you know, don't screw the golden goose, which is don't sell Bitcoin.

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

It ruins the whole story.