Bitcoin cracks $60k, sinking to lowest level since October 2024

cnbc.com

Crypto or AI? Which is the more reasonable *investment*?

At least AI produces *something* --- more than the mere expectation of a "bigger fool" willing to buy into it.

This is not new. It is not a surprise, it should not be unexpected --- it has been the case all along.

Reality is nothing if not persistent. It took a while but it has finally prevailed over Saylor's fantasy.

He sold 32 out of 800k+ to prove a point. That’s $4 out of $100k.

What he proved was that "Never sell your bitcoin" was not a good Strategy. Three consecutive losing quarters convinced him to prove it.

And he will be forced to prove it again if the decline continues.

He sold 0.00004 % of his stock and Bitcoin dumped 25 % of its value

His company is losing money and the future hangs on their ability to borrow fiat in order to prop up bitcoin.

He is in an ironic and untenable position in my opinion.

BTW, I think the decimal in your stated percentage needs to shift 2 places to the left.

Buy the dip if you can afford it.

I feel compelled to point out that even Michael Saylor has abandoned this Strategy.

If only you could know where the dip is.