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nasty correction
Cash beating Bitcoin YTD
The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills with a maturity of at least 1 month, but less than 3 months.
nasty correction
BUY THE DIP HODLERS
https://www.bloomberg.com/news/articles/2025-12-01/crypto-s-retail-traders-hit-hard-as-strategy-etfs-plunge-80
- Retail investors who invested in Michael Saylor’s Bitcoin experiment are paying a heavy price as Strategy Inc.’s shares plunged more than 60% from recent highs.
- The most popular exchange-traded funds tracking Strategy’s stock have dropped more than 80% this year, with the trio of MSTX, MSTU, and MSTP losing about $1.5 billion in assets since early October.
- Strategy Inc. has created a $1.4 billion reserve to fund dividend and interest payments, hoping to calm fears that it may be forced to sell Bitcoin if prices fall further.
Strategy Inc. — the company once hailed for wrapping crypto exposure into a public stock — is scrambling to calm markets after its shares plunged more than 60% from recent highs, amid a sweeping digital-currency rout. On Monday, Strategy said it had created a $1.4 billion reserve to fund dividend and interest payments, hoping to calm fears that it may be forced to sell Bitcoin if prices fall further.
But for many investors, the damage is already done. The most popular exchange-traded funds tracking Strategy’s volatile stock — MSTX and MSTU, which offer double the daily return — have both dropped more than 80% this year. That puts them among the 10 worst-performing funds in the entire US ETF market, out of more than 4,700 products currently trading — just behind obscure short bets against gold miners and semiconductor stocks. A third fund, known as MSTP, launched during the crypto mania in June, is down a similar amount since its debut. Together, the trio has lost about $1.5 billion in assets since early October…
At the center of concern is a valuation metric known as mNAV — or market net asset value — which compares Strategy’s enterprise value to its Bitcoin holdings. That premium has largely vanished, bringing the ratio to around 1.15 — a level executives have flagged as a warning zone. CEO Phong Le said on a podcast that slipping below 1.0 could force the company to sell Bitcoin to meet payout obligations, albeit only as a last resort
Actually makes sense because 2025 was actually more bearish than bullish despite being a post halving year. Midterm years are typically red for crypto, but we never had a bull market in 2025, and up until 2025 we have never had a red post-halving/post-election year. Trump likes to work differently and uniquely. Most likely the bottom was in a couple weeks ago around 80k and then we'll hit an ATH of around 170k-200k by spring and then fall into a belated bear market that lasts through 2027 and early 2028 and bottoms out around 73k. Since the price of BTC has never ever fallen below any past election day price and never will.
"previous coin flips always tell you how the next one will turn"
crooked top to bottom
https://www.propublica.org/article/t...ypto-doj-trumpBefore Todd Blanche could be confirmed as the second-highest official at the Justice Department, he had to satisfy the concerns of ethics officials.
Blanche, President Donald Trump’s personal attorney during his New York criminal triallast year, was a cryptocurrency investor with holdings of between $159,000 and $485,000, records show.
To prevent possible violations of the federal conflicts of interest statute, Blanche promised to dump his digital assets no later than 90 days after his Senate confirmation in March, according to his government ethics agreement. He also pledged not to participate in any matter that could have a “direct and predictable effect on my financial interests in the virtual currency” until his Bitcoin and other crypto-related products were sold.
But about a month into the job — before divesting — Blanche issued a memo that ordered an end to investigations into crypto companies, dealers and exchanges launched during President Joe Biden’s term. He also eliminated an enforcement team dedicated to looking for crypto-related fraud and money-laundering schemes.
Even when he did ultimately divest his crypto interests, Blanche’s ethics records show he did so by transferring them to his adult children and a grandchild, a move the experts said is technically legal but at odds with the spirit and intent of the law.
2025 YTD
obvious conflict of interest, quaint though it be to point that out
https://www.nytimes.com/interactive/...&smid=bs-shareMr. Trump, once a skeptic of cryptocurrency, is now its champion. He has rolled back Biden-era restrictions, promoted crypto investments from the Oval Office and signed a bill to advance crypto priorities.
But Mr. Trump is also an industry player who stands to gain from these policies. His family’s crypto empire is now its most lucrative venture. And the Trump crypto firms have given private enterprise and governments unprecedented access to the president’s sphere.
wallet inspector gag
https://www.web3isgoinggreat.com/?id...r-support-scam
worst day since April 7th, shortly after Trump laid taxes on the whole country unilaterally
If Strategy has to start dumping bitcoin it could crater bitcoin for years.
HOW MUCH SHOULD I BUY WHEN IT HITS 50K?
I've been gone awhle. Did Hater retire on his bitcoin riches?
Strategy is now 2.1 billion in the hole. For every thousand bitcoin drops add another $700,000,000. If his lenders start pulling the ripcord he will have to start unloading his bitcoin in mass taking the market with him.
Guarantee Saylor is ting bricks this morning. The have long been scheduled to report earnings (losses) this afternoon after the markets close.
https://www.ccn.com/news/crypto/mich...rategy-losses/
https://search.brave.com/search?q=bi...pe=cc&range=1d
https://www.strategy.comSaylor signaled there is a defined threshold under which the company would consider liquidating part holdings. Strategy would only contemplate selling Bitcoin if its NAV fell below 1, describing it as the sole condition that cud force a sale”
As of the time of reporting, Strategy’s NAV sits at 1.09.
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