401k loans help you get that money out without tax penalties.
But yeah if you have liquid cash you want to be getting corn not MSTR. Lots of simps for Saylor out here.
The Tradfi literature on tariffs assumes countries operate in a fair monetary playing field. They never assumed (or thought) countries would be forcing their populations into essentially slave labor through currency devaluation. In the world we actually live in; tariffs are appropriate and necessary.
In a fair monetary world (Tradfi assumes this) they are a poor choice.
You will always be able to purchase MSTR; by design they will issue shares infinitely. There will be no bitcoin fiat market; when that happens buy some MSTR.
Once ETH-BTC spread goes to 0 there is no market and there is no fiat exchange rate.
I don't make the rules
¯\_(ツ)_/¯
How will a market maker (who you purchase sats from) be able to make a market in bitcoin bids and asks if there is nothing to price/arbitrage bitcoin against?
Right now bitcoin is priced against ETH. That's why ETH exists that's why ETH was created and that's why Bitcoin has a market price. ETHs whole purpose and creation is to keep the BTC market liquid. That's ending.
BTC is 100% priced against ETH. That's why the BTC-ETH spread exists and the ETH-BTC spread exists. This is how market making is done-this is what I do, bids and asks don't just magically appear. Watch the ETH-BTC spread for a day. It's blatant.
ETH was created by Lubin and JPM to control bitcoin.
Create unlimited ETH create unlimited dollars; you got half the equation solved. Once that spread ceases to exist there will be no way for intermediaries to facilitate transactions in BTC. ETH-BTC spread is a proxy for coins available for purchase.
Sorry I can see how you find that confusing. Market makers "spread" their trading. If you buy bitcoin a market maker sells it to you, that market maker is now short bitcoin. To offset his position he goes and buys ETH (or other shitcoin). That makes him -1BTC +1ETH. To close out that position that market maker goes and sells the ETH-BTC spread. Selling that spread (-1ETH +1BTC) offsets the original -1BTC +1ETH spread. This makes him flat and he nets his dollars profit
Like the ETH-BTC spread is an actual tradable product on most exchanges. You can buy or sell it, it's a synthetic market. Maybe not retail but if you watch it on coinbase you will see the market makers doing their thing arbitraging.
Fixed income managers will buy ANY debt offering they make because that money is trapped in Tradfi otherwise. Most of it is permanently trapped but MSTR is offering them a bridge out. It all ends up in #bitcoin either way. Cold storage sats.
Fixed income managers are only allowed to purchase fixed income products. They cant go outside of that bubble because the capital they manage forces them to only operate in bonds.
So if you go buy your generic bond fund in your retirement account there is some manager that has to source out the best bond offerings for the investors. MSTR just happens to be the best option by a mile. Their benchmark return is like 1-5% for a typical bond; now they are offered something that gives them 100%+ returns they will buy anything MSTR puts out there.
But most of that Fixed income / bond fund money will never make it over the bridge. It's permanently stuck capital that will never make it into the #Bitcoin system.
You're not missing out on MSTR. If you have liquid capital that is able to get out of the system and into the bitcoin system you should be getting it into sats while you can.
It is living off of the trapped FI guys who can only buy bonds and converts. That money has nowhere to go besides MSTR; literally only can buy debt offerings.
They actually bought converts at 0% yield. Paid for the option to convert to equity. They would pay a negative rate if the offered because the bond market is so mispriced.
We're entering VERY scary Tradfi territory.
There is a TON of money in fixed income land that can only get a yield of 1-5%. There are large swaths of capital and managers that are obligated to only purchase Fixed income (read Bonds) products. Those managers can purchase MSTR bonds (these are convertible bonds). Converts are convertible to stock at a certain point in the future.
MSTR issues convertible debt and fixed income managers are willing to loan MSTR money for the ability to convert that debt into stock shares in the future.
So as a fixed income manager who is stuck in the land of manipulated and artificially low interest rates the ability to get that money into a debt offering that gets you out of that dead money trap is a buy all day long.
Because some managers and Funds are obligated to own Bonds and Fixed income products by their investors. Like 10% of their portfolio for example must be allocated to Bonds. That in recent history has been just burning money but they are obligated to own it . Now MSTR offers them something (convertible bond offering) in that space that actually performs and managers will buy up every offering that they possible can.
Unless the owners of those funds (pensioners. employees, retirees) actually go in and sell their retirement funds and move it themselves (never going to happen). That money will never be ported into the bitcoin universe, it will be permanently stuck in Tradfi land. The wealth is fake there. It's fake numbers. Fake money.
Most don't understand that retail trading outfits (Schwab) defaulted during the Silicon Valley bank debacles. Assets in a bank or brokerage account do not belong to you; they belong to the bank.
That's why you own cold storage corn and not IBIT or MSTR. You own nothing.
Tbh I wish I could eat steak everyday but it's hard to accomplish. At minimum I get 1 meal with red meat every day. Usually take a 50g / 700-1k calorie protein/mass gainer shake every day. Lots of eggs.
The problem with MSTR is it's inherently impaired because it's stuck in the Tradfi system. Money buying MSTR and bitcoin ETFs is money that can never exit the system.
It's harder to get wealth out of the system than to make money in it.
IRAs and Retirement accts are different than brokerage accts. The latter can't be liquidated until you're 65.
If you have liquid assets in a brokerage account you should close that and buy corn.
MSTR is just exposing the money that is stuck in Tradfi. It will never leave or be transferred to the BTC ecosystem. It's permanently stuck there; at best you will have bitcoin proxies in the Tradfi system but never bitcoin. The only way the wealth gets transmuted into bitcoin is if the underlying currency gets backed by bitcoin.
20% cap gains and withdrawal penalties if you move it before 65. Unchained is an option. This is a game of getting capital out of the system (very hard to do). Best bet is a 401k loan. The numbers in your brokerage account are fake. The MSTR crowd still does not understand absolute scarcity.
Why would I trade it for goods and services when I just use fiat for that?
The point is the wave of money going into MSTR or bitcoin ETFs is money that can never exit the system. It's permanently stuck and will never exit; it evaporates. Like all other hyperinflation in the past.
In kind redemptions are possible but I'd rather not count on blackrock to do that for me. I am an original orange piller dude lol. You still do not understand the difference between brokerage accounts and retirement accounts. The money in retirement accounts is permanently stuck, it will never get ported over. At best everyone holding the S&P will get some exposure when the companies buy some corn.
That has never been my argument lol. I'm telling you it's prohibitively difficult to get your money out of the system and because of that people are forced into buying ibit mstr etc. in fact most retirement accounts will not even allow access to those products. Most advisors will be de-facto forced to buy those products in order to keep up with the street. A brokerage account, 401k, Roth, IRA are all different products and most of that money will never exit the system. It's permanently stuck.
Your cash brokerage account has no problem moving money that represents like .01% of all assets in the system.
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