Jesse Myers (Croesus 🔴)
@Croesus_BTC
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Stanford MBA making slides about #Bitcoin. To get my analysis in your feed, hit 'Follow'
Joined August 2017
A groundbreaking new answer to one of humanity's big mysteries - and what it means about Bitcoin. Years in the making. Now, a 14 minute read - enjoy!.
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The #Bitcoin halving was exactly 11 months ago. I gave this presentation at MIT the day after the halving. Explaining why it would take 12 months before Bitcoin's price really starts to run. That time is nearly here, finally. Buckle up!.
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The #Bitcoin halving was almost 6 months ago. I gave this presentation at MIT the day after the halving. Explaining why it would take 6 months before Bitcoin's price starts to run. That time is nearly here, finally. Buckle up!.
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The #Bitcoin halving was exactly 12 months ago. I gave this presentation at MIT the day after the halving. Explaining why it would take 12 months before Bitcoin's price really starts to run. That time is finally arriving. Buckle up!.
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Well I'm glad this 1910 cartoon of the proposed Federal Reserve was totally overblown.
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Quick math:.-330k BTC mined / year this halving era.-FTX has -$1.4B in BTC on books, meaning 80k BTC.-Assuming incurred this year, means FTX "increased" BTC supply issuance 25% this year.-Others likely did same. No wonder we're under prior cycle highs. Halving math interference.
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I just sold all my #Bitcoin. It's going to $20k, maybe lower. We are in a bear market now. (No I didn't - that would be fucking stupid.).
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I am now a single-issue voter. After a lifetime of voting blue. Support #Bitcoin or lose my vote.
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Blackrock officially recommends a 2% allocation to #Bitcoin . The world has $900T in assets. 2% of that would mean a Bitcoin valuation of $18T. aka $900k per BTC. Are you paying attention?
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If you're wondering what's happening with #Bitcoin. Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst. But, that's not the main story here. The main story here is that we are 6+ months post-halving. And that means a supply shock has
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Charlie Munger can't even convert a doc to PDF . Of course he doesn't understand #Bitcoin.
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My entire life savings can be yours if you just guess a particular number between 1 and 2^256. You can guess as many times as you'd like. Offer open to any individual or government. Good luck! #Bitcoin.
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"I don't understand - why is she confessing?". "She's not confessing. she's bragging.". Crypto VCs see retail as exit liquidity. 12-18 month pump and dumps. That's their whole game.
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In gold terms, #Bitcoin has barely broken out from prior all-time-high. $105k/BTC may feel high. but so far, we've simply offset the fiat debasement from the last 4 years. This thing is going way higher.
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After this Trump speech at #bitcoin2024, I'd like to congratulate RFK on securing my vote. Only one candidate has done his homework. #Bitcoin, not crypto. Trump didn't use his time to even mention buying 1M BTC. He either forgot, never knew, or isn't committed to it as even an.
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THREAD: . #Bitcoin halvings cause a supply shock. The slow accumulation of this supply shortage drives a bull market in the ensuing ~18 months. 2012 and 2016 halving -> 2013 and 2017 mania. 2020 halving on track for same. This thread attempts to visualize those mechanics.
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This is a land grab. This is a gold rush. You don't have to participate. but your descendants will wish you had. This is the second wave of the Digital Revolution - the digitization of value to complement the Internet's digitization of information. It wasn't possible to own
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The #Bitcoin halving was 8 months ago. I gave this presentation at MIT the day after the halving. Explaining why Bitcoin's price run would start at 6 months✅. and really heat up at ~9 months⌛️🚀. (Bookmark / retweet to keep handy for Christmas!🎄).
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Here are the 7 most important charts to understand the United States' fiscal position. and why we are heading towards a debt-spiral black hole. #1 - Here is the annual budget Surplus or Deficit through 2022.
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#Bitcoin has topped in the last two cycles at the trendline from the prior cycle's early bull market. I don't know if it means anything, but I've always found it interesting. If this trend continues, it would mean:.~$300k in the next 12 months .~$800k in 2029
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This expression is completely changing the world of money. Yet most have never seen it; few know what it means. That's how early it still is
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The decline of the Roman empire was characterized by the steady debasement of the currency. Good thing we learned our lesson.
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Strategy is a pump - designed to accelerate the flow of capital from Bonds into #Bitcoin . That’s the mental model to best understand what Strategy is doing. The other night, I shared this breakdown with 40,000 livestream participants on @MSTRTrueNorth. Saylor retweeted the
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The #Bitcoin halving was 7 months ago. I gave this presentation at MIT the day after the halving. Explaining why it would take 6 months before Bitcoin's price starts to run. That's what's happening. And it's only just begun. 🚀.
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This is the moment you've been waiting for with #Bitcoin . We may never see Bitcoin's price this low again. A thread on why.
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Best Bitcoin-related movies:.-The Big Short.-Margin Call.-The Matrix.-V for Vendetta.-There Will Be Blood. what else?.
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Massive net inflows to #Bitcoin from ETFs continue. Averaging ~9k BTC per day over the last week. The fact that price has gone sideways for last 2 days means significant sell-side supply on order books at $52k. If not for ETF demand, $52k would have been a local top rejection
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Compendium of my work:. Each tweet in this thread links to my best #Bitcoin analysis threads, articles, graphics, podcasts, etc. Hopefully the content here proves valuable to your personal Bitcoin journey, or as you help your friends and family on theirs. 👇👇👇.
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This is a land grab. This is a gold rush. You don't have to participate. but your descendants will wish you had. This is the second wave of the Digital Revolution - the digitization of value to complement the Internet's digitization of information. It wasn't possible to own
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Demand from the #Bitcoin ETFs yesterday was ~9,000 BTC. That's 10x greater than new supply issuance (900 BTC mined per day). And the halving is in 2 months (900-->450). What happens when demand 20x greater than supply?.
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Very exciting to have @saylor present my work to @satyanadella and the $MSFT Board of Directors during his excellent case-for-adopting #Bitcoin presentation . I will be updating the numbers on this slide soon for 2025, stay tuned!
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The most powerful nation on earth has a Strategic Bitcoin Reserve and intends to accumulate more. This is a new chapter for #Bitcoin. Nation-state adoption is here. The whole world will compete to own as much of the 21M Bitcoin as they can. In the wake of all this thrilling
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Jehovah's Witnesses came to the door and knocked (there's a no soliciting sign). I talked with them for a bit, then turned the conversation to #Bitcoin and brought out The Bitcoin Standard to share the good word. They immediately started trying to leave while I tried to keep
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Global asset landscape - 2025 update!. In 2023, there was $900T of global wealth. Today, that number has grown to $1000T. THREAD on the key insights of this analysis.
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All we've seen so far is #Bitcoin price getting back to prior all-time-high in inflation adjusted terms. In other words, the bull market hasn't even broken out yet. After 4 years of consolidation, we're due for the next big leg up.
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1) Everyone is familiar with @100trillionUSD S2F model. Critics recoil because it seems to scale too rapidly. What they're forgetting is an intangible amplifying force that I wanted to ballpark quantify: the normal distribution of technology adopters.
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It will take 10 years for people to catch up to your understanding of #Bitcoin. All you have to do is sit tight.
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The @PeterZeihan clip on @joerogan was infuriating enough that I wrote an article explaining the several layers he gets wrong about #Bitcoin . Deflation is good, and here's why.
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Calling it now: #Bitcoin will go up more in the second half of 2021 than it did in the first.
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Oregon had a halving schedule. In the early 1840s, 640 acres of prime farmland were granted to each couple who arrived via the Oregon Trail. One square mile. In 1850, this was decreased to 320 acres. In 1862, this was decreased to 160 acres. The earlier a new adopter made
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Strategy announced pricing of $STRF at $85 per share. This means 11.8% annual dividend. US Treasury bills currently offer 4.2%. This is how Saylor will be able to source $3T from the Bond market to buy #Bitcoin.
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You work 40 hours a week. Inflation at 7.9% means the government is seizing 3.2 hours of your labor every week, on top of all the other taxes. 6.4 hours per week, according to the 1980 formula for CPI. Every single week. All because you use their money. Opt out with #Bitcoin
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At a wedding last night…. - a Partner at my old consulting firm said “what was the guy’s name who created it… Notorious Sudoku?”.- a yuppie elite friend was hung up on quantum, intrinsic value, and what new technology could unseat Bitcoin.- meanwhile, a Bitcoiner recognized me.
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Etherium was $1750 last week. $1330 today. Looks like the merge is going great!.
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"I don't know why they didn't listen to me about #Bitcoin " . Meanwhile, this is what we looked like the last few years:.
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#Bitcoin is still just 0.2% of global asset value. Here is the latest update of this chart, which you may have seen in Saylor's presentations. With Bitcoin's price over $90k, it may feel like you're late to Bitcoin. but it is still a tiny bucket in the global asset ocean. As
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Here are the 7 most important charts in global macro right now. Together, they hint at what's next as the banking crisis broadens into other segments of the financial landscape. #1 - the elephant in the room right now is Yield Curve Inversion. h/t @DylanLeClair_
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Current dip from all-time-high: -35%. Here's what this looks like when put in perspective with last cycle.
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What is MicroStrategy doing with #Bitcoin ?. They are borrowing a depreciating asset to buy an appreciating asset. And they can (and will) keep doing it, whenever $MSTR trades at a premium to the underlying BTC they hold.
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Saylor presenting my work in front of Senators is surreal and deeply gratifying. #Bitcoin and Bitcoiners keep winning. 🧡
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.@Mashinsky CEO of bankrupt lending firm Celsius has been arrested in NY. Feels like just yesterday that this guy was talking about how #Bitcoin maximalists are terrible for encouraging people to take self-custody
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If $doge can go to $1, $sats can go to $0.01. Only $0.00059 right now! . Best part is, it's guaranteed to perform at least as well as #Bitcoin by design!.
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#Bitcoin was not a random creation. It was the culmination of decades of efforts by freedom-minded technologists - from the High Tech Hayekians to the Cypherpunks. Satoshi brought these building blocks together to create an Internet-native, unstoppable money.
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Every day, the #Bitcoin halving gets closer. 9.5 months until Bitcoin supply issuance gets twice as scarce. Meanwhile, 99.9% of the world still doesn't know the halvings exist.
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I’m going to make 3 assertions in this article. Together, if true, they break the world of finance. It will take a decade or two for the financial world to catch on & adjust accordingly. But you get to read about it here today. The assertions:.- Bitcoin is actually a
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What growth assumptions does Saylor rely on for his prediction of $13M per #Bitcoin in 20 years?. This video breaks down: .- Bitcoin's historical performance.- Saylor's assumptions.- Alternative scenarios. The result? $13M per BTC is more reasonable than people realize.
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You buy #Bitcoin at the price you admit you were wrong about Bitcoin. Everyone feels that they "missed" Bitcoin. Most people turn this bitterness into resentment towards Bitcoin. They don't want Bitcoin to succeed, only because of their own selfish regret that they didn't
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A few years ago, the Texas power grid could not keep up with demand during a winter storm. The media mocked Texas. Now, Bitcoin mining has helped stabilize grid demand via load curtailment. Texas innovated. Bitcoin proves itself beneficial for energy grids. Media silent.
The Texas grid just served its largest winter power load ever. No problem. The Texas power grid is now far more powerful and resilient than ever. And, we are adding much more power this year. via @expressnews.
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She’s a 9.1 but I think she’s more like a 17.
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Surprised how nervous I am to do this, but here is my post going public. Consider giving me a follow on LinkedIn or on Substack. Thanks for all your support, let's see if we can't spread some #Bitcoin knowledge to pre-coiners this way.
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I'm putting together some ultra-simplified content for young professionals / precoiners. Thoughts on this one?
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I've never been in this position before, but. This article I've completed is. genuinely groundbreaking. I may have cracked one of humanity's big mysteries. And it connects back to Bitcoin. What do I do? Should I release it tomorrow via my newsletter? Or something else?.
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There are now 36,000,000+ altcoins. This has only made #Bitcoin stronger. THREAD breaking down what's happening & why altseason has been permanently cancelled.
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Nothing to see here, just the Federal Reserve's earnings chart. All is well. Got #Bitcoin ?
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The only speculation about #Bitcoin is how long until the mainstream realizes:. -Bitcoin is the invention of absolute scarcity.-Absolute scarcity is a once-in-a-species event (irreproducible).-Absolute scarcity is a black hole on the world's balance sheet, eating all SoV
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I gave this talk at MIT the day after the #Bitcoin halving, 10 months ago. The focus? The mechanics of how the halving drives an 18-month bull market. It may feel like Bitcoin has done a lot in the last year, but the best part is still coming.
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$100,000 per #Bitcoin is great and all, but do you realize how small $2.1T is? That ain't the end of the line for this train. $100k is just another stop on the way to $5M.
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$100,000 per #Bitcoin is great and all, but do you realize how small $2.1T is? That ain't the end of the line for this train. $100k is just another stop on the way to $1M. which is just another stop on the way to $10M.
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I will be going public with my identity soon for professional purposes. I have more to contribute to Bitcoin, and can more effectively reach the pre-coiner investment crowd that values credentials.
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Was asked to give a presentation to Strategy employees today. The thesis of my talk is that #Bitcoin is a Once-in-a-Species event. and that $MSTR is a pump to accelerate the flow of capital to absolute scarcity. Here's one slide I'm sharing. What else should I say?
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Microstrategy has purchased 30,750 #Bitcoin in last 3 months -- 38% of all BTC mined in that period. Starting in April, that's 76% of all BTC mined in a 3 month period. And this isn't Apple. This is the 1579th biggest company in the world. What happens when 1-1578 catch on?
MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR
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Everyone learns the hard way. I certainly did. When we first take interest in cryptocurrencies, we naturally explore what’s out there. Everything sounds exciting, some of it even compelling. So we diversify, thinking that’s the prudent thing to do. But, invariably, the more
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Fewer institutions announcing their #Bitcoin buys. And yet, relentless buying pressure preventing major dips. The silence says it’s serious now. A scramble to secure positions without driving up the price by talking about it.
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As a Bitcoiner who spent years working with C-suite execs. this MicroStrategy news is bigger than you realize. Every CEO I've ever met has been obsessed with what his peers are doing to drive their stock price. 10% bump for converting $250M into BTC? .ALL other CEOs: 👀.
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Put yourself in Trump's shoes. You learn about Bitcoin and you want some. You also learn that people can create their own cryptos and pump them. You try it out with World Liberty Financial - it works, to an extent. You learn that meme coins are what work best. Your personal
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If these lines hadn't diverged, we would still have a strong middle class and a healthier society. So, what caused them to diverge? And how can we fix that?
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Do you realize how tiny #Bitcoin still is? A large part of the value stored in all these buckets will flow into Bitcoin
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@elonmusk @CryptoWhale So sorry we didn't trumpet your arrival, anoint you King, and change Bitcoin to suit your uninformed opinions about how to make it better. Bitcoin is decentralized. Bitcoin has no leader. Not you, not anyone. Deal with it.
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@SenWarren Senator Warren, I have the result of 256 coin flips in my head. If you can prove that this is not within my rights to have… I will hand over my #Bitcoin. If this doesn’t make sense to you, please do your homework before opining.
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This is #Bitcoin and gold for the last few years. Gold has typically rallied first and Bitcoin has closed the gap. What do you think happens next?
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***Top Tweets of Today*** .Strategic Bitcoin Reserve (SBR) edition. #12 - Michael Saylor captures the magnitude of the moment .
History will enshrine the moment @realDonaldTrump established the U.S. Strategic Bitcoin Reserve—a turning point in the financial and geopolitical landscape of the 21st century.
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Time to step out from behind the Croesus of Lydia profile picture. My efforts to propagate #Bitcoin education to pre-coiner professionals will be better served this way, fond as I am of my old profile pic. Thanks for the support!
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The entire world is fighting over the last 7% of #Bitcoin still to be mined. Do you think there will be enough to go around?
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