Bitcoin at $100K: Can MSTR Really Hit $1,000?

I, I think there's a really interesting point of you're still contending with the market, and it's something that we've talked about before.

Um, Strive and, you know, ASST and SEDA haven't had to deal with because they don't have this, this size really that Strategy and MSTR have.

So, you know, uh, different traders and hedge funds are able to come in if they want and come in size to either of those, you know, actual equities and bring them down if they need to.

Like, they can all short them.

You know, they can bring them up, and that's, that's something that they... you just can't do with something at the size of Strive.

If you go look at the order book for, you know, ASST, um, you know, some positions have very small volumes on, on the options.

Um, so one thing I think we've even learned on the very biggest scale is, uh, Treasury Secretary Scott Bessent Recently did some bond moves, uh, moving, buying up long-term treasuries and, you know, long-term thirty-year bonds, you know, using short-term capital, and people are saying he-he's just moving money around.

Bitcoin price reacted positively to that.

But then this week, even last night, the ten-year bond and the thirty-year bond were, like... were spiking.

So the yields were spiking, meaning that all the work that he had put in, the market was challenging him, saying, like the bond traders are going saying, "Hey, we're gonna challenge you because we don't believe that the credit worthiness is there.

We don't believe you're gonna get spending under control.

We don't believe in the debt on top of the United States of America right now." Um, and so you can try to manipulate the market, which I think Stanley Druckenmiller, who, um, Bessent had worked with, you know, before, said, "Hey, don't, don't mess with the bond market 'cause the bond market's gonna push back." It's, it's a free market, and now traders are pushing against it.

So I think in the same way, uh, say, uh, Strategy and Saylor, that management team has seen, you know.

Just like with the converts, you're battling, uh, some sharks in the water, so make sure, you know, it's a really tight, simple organization.

I think that's also why, uh, Saylor has mentioned, you know, very positive things about Strive's team because they [chuckles] they've kept it so simple that they, they don't have too many mechanisms that can be exploited.

Yeah, no, there are a lot of interesting things in there.

Um, I think the first point, uh, the friendly competition between Strategy and Strive is really outstanding.

They...

I think they both know that you need more than o- one messenger.

I think it's a very early industry.

It's a very, a new industry and a very small industry when you look at the overall size of Bitcoin treasury companies do- still to this day.

And so Saylor realizes that it's better to have another team that is organized independently from Strategy fighting for basically the same market because it's, it, uh, it ultimately expands the market.

It ultimately makes it better and, and easier.

So if Strive is going to a conference in the TradFi world and saying, "Hey, that's digital credit," they are making indirect advertisement also for Stretch and Strategy.

And so, uh, I think it's a very smart move from Saylor.