Not Wise to Fade the MSTR Bid, Nakamoto Upgrade Goes Live
In tonight’s video, we discuss why we think many crypto-native investors remain sidelined despite record BTC ETF inflows and bullish futures sentiment, how Trump’s stalling momentum and potential de-risking ahead of the election might be causing BTC’s retest of $70k, the significant bullish implications of MicroStrategy’s plan to deploy nearly $43 billion into BTC over the next three years; and how the Stacks Nakamoto upgrade enhances its alignment with Bitcoin, and why it remains a compelling way to gain exposure to Bitcoin DeFi.
Tickers in this video: BTC -2.72%
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In today’s video, we explore the recent signs of capitulation and deleveraging in the crypto market over the past two weeks. We’ll also revisit the risks we highlighted in early February that could impact crypto prices and update our stance on whether these concerns still apply. Next, we’ll take a brief look at potential outcomes for the WH Crypto Summit and review some changes in our Core Strategy. While we...
CORE STRATEGY Most of the risks that prompted us to turn cautious in early February still persist, so we believe it’s right to remain patient. However, the near-term (2–4 weeks) setup is starting to look compelling for a tactical rally as sentiment is miserable, liquidity conditions are improving on the margin, a lot of risk has already been priced in, and we’ve seen serious capitulation and deleveraging. All eyes will...
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