A Quick note for you
I’ve got a few articles in the works, but this couldn’t wait.
I don’t usually cross-post my tweets here, but this one felt important: OTC Bitcoin balances have dropped by half in under a month. There’s zero sign that demand is cooling—if anything, it’s accelerating.
If you’ve been following my DCA + HODL strategy, stay the course. I suspect we’re just a few weeks away from some serious dopamine.
But here’s your reminder: You need a plan BEFORE euphoria hits. Not during. Not after. Before.
If you don’t have yours yet, make one today. Then follow it.
I still expect a blow-off top, followed by a sharp correction. Maybe not an 80% drawdown this time, but 50–60% is on the table. Especially if some of these new BTC treasury companies become overleveraged due to FOMO and start start to unwind after a top.
To be clear: I think MSTR will be fine. But we’re nearing 100 public and private companies with a Bitcoin strategy. Some are bound to get wrecked in the next bear phase and that might be the defining story of this cycle. Time will tell, but this is what I am paying attention to presently.
If you want more in-the-moment stuff, feel free to follow me over on X if you’re into that sort of thing…
