Bitcoin (BTC) Holders Waiting for the Price to Increase by x 10

In the United States, FDIC acting chair Gruenberg Highlights Priorities for 2022.  This eventually had people giving up their opinions about BTC holders.

Mike Alfred shared: “BREAKING: Michael Saylor says if FASB fixed accounting treatment, FDIC updated rules for banks, and SEC approved a spot Bitcoin ETF that the price of Bitcoin would surge “10 fold”.

Community Response:  MicroStrategy (MSTR) owns 125,051 Bitcoins. This means for every 8 drops in Bitcoin, they lose 1,000,000 dollars. Their nearly 9 billion dollars holding has lost 4 billion dollars in value in just two months: the company is on the verge of collapse.

What was MSTR’s stock price before he started buying Bitcoin? And that is why they probably won’t fix any of it any time soon.

However, history is very clear on the change of the tides. The introduction of a brand new financial instrument is a big tell. Just saying – a lot of pent-up pressure on this one. Don’t encourage it unless you have a raincoat and face protection handy.

If we had a 450k in bitcoin price tomorrow Saylor would be selling, just like me and every other Bitcoiner out there with perhaps the exception of Jack and a few others. These are facts.

Considering where we are heading to, you won’t need to sell BTC. You want to sell BTC for what, dollars? HODL is applicable even for BTC at 450,000. Most true Bitcoiners will be buying @ $450k. You still don’t get the meaning of HODL yet.

You do realize that “HODLers” turn into “bagholders” at a certain point, right? I said if BTC went to $450k tomorrow, not in 10 years. Big difference. Live and learn.

I’m afraid you’re dead wrong. Saylor understands Bitcoin and Isn’t selling.  This is just like many of the OGS – yes, even if it jumped to 450k in a day.  I can tell you with that mindset you won’t be able to hold onto all your Bitcoin for the 2028 halving.

Two things: One – it sounds like Saylor sentiment, as I’ve heard him speak to all points before. 2 – I trust his math at 10X, it’s flipping Gold. Still, a long way to go after that. Just a timing thing.

That’s an understatement. I wouldn’t be surprised if it surged >100 fold.  Even 10000-fold – I agree, but that’s a long-shot of a Trifecta to hit anytime too soon.

How would accounting treatment change anything?  To clarify, current guidelines are better as when BTC drops you can take a loss and don’t have to make gains until you sell (if ever). This can lead to indefinite tax deferral for the loss. Now as an investor you have to cut through this noise and revalue not based on GAAP.

That’s why they avoid allowing it. Too much financial independence for way too many citizens in one go. I can imagine a US spot it won’t happen before it’s figured out first how to grab half from that.

I think I’ve read this correctly but stop me if I haven’t: ‘ if this unlikely thing happens and that unlikely thing happens whilst another unlikely thing happens, we only go up to 10X’.