Bitcoin hits $60,000 in record high while Twitter, Tesla Inc., and MicroStrategy find their stock prices on the losing end – March 13, 2021,
I was reading this Reuters article this morning and thanks to the stupidity of current U.S President Joe Biden, my stock bets have all paid off, even a horrible bet I made in a Canadian oil company called Vermilion Energy made me money to close the week. I’ve been making so much money that my house money is making money.
My investing strategy has always been simple I invest for free and unlike Robinhood traders, I pay my brokers fees, so when I say I invest for free both on the buy and sell-side everyone gets paid. Anyway, no way in hell I’d invest in Tesla, Twitter, or MicroStrategy at the very least I know the main reason why Vermilion Energy is such a risky bet, is because of the stupidity of my fellow countrymen who actually believe that the government cares about the planet.
So when it comes to my gamble in Vermilion Energy, I knew once there was a chance Joe Biden would become President, some part of the Green New deal would be made law and without currency reserve status, America is bankrupt, I’m also a MARKET-ENVIRONMENTALISTS and I know a whole bunch of environmental-socialists and how gullible and silly they are, so Vermilion Energy was an easy gamble.
I’ve been online for quite some time and just being honest I see very little value in Twitter, I’m not saying their stock price can’t go up, it’s just that I don’t see the value, MicroStrategy yeah, so they’re in a very competitive space and I don’t see the upside with that company either.
Tesla Inc. has yet to make a profit and is heavily reliant on government subsidies. Tesla Inc. is a very good story, similar to Bitcoin it’s an innovation that on the surface seeks to approve upon what already exists. An electric car is nothing new, but let’s give Elon some credit here, Tesla is a tricked-out electric car, that has basically forced all automakers to get into the EV market.
But the problem is that Tesla Inc. forced all the other automakers to get into the EV auto market and they’re catching up, so Tesla jumping in bed with Bitcoin which has a history of being mined via dirty-Chinese Communist Party powered-fossil-fueled energy, might have the environmental puritans abandoning the Tesla Inc. ship.
I’m an environmentalist, I know how many of these people think, and despite what many of you might think, a lot of the sane environmentalists are engineers, meaning that they see Bitcoin for what it is and how it wastes a lot of energy.
Now, this shouldn’t be confused with Bitcoins’ ability to go up in value in fiat money terms. If the U.S Federal Reserve never raises interest rates, why shouldn’t Bitcoin reach $120,000? or even reach a million U.S dollars? If the world is really having a discussion about a Centralized digital dollar, Bitcoin destroys that easily, but if consumer items start to get priced in Bitcoins, which is a hard asset; well then inefficient luxury investments like Twitter, Tesla Inc., and MicroStrategy will likely lose value in Bitcoins.
There are no central governments printing Bitcoins, so government edicts, rules, and regulations won’t stimulate price appreciations for badly run companies in the value of Bitcoins. Are you following me here?
Because if you are, you’d see that if Twitter, Tesla Inc., and MicroStrategy are betting on Bitcoin, they’re actually betting against their own companies and their current business models.
Bitcoin doesn’t pay a dividend and any fractional component to Bitcoin will require the parties involved in said bartered transaction to have and offer real MARKET value. In a world without central banks, people forget that it’s not only about the salesmen it’s also about the salesmen’s ability to deliver something of value, preferably long-term value that appreciates over time to the customer.
I don’t see much value in Twitter, Tesla Inc., and MicroStrategy that’s sustainable. As an example, The Social media giants had to merge together like Voltron to stop Parler from taking market share? Now, in a real market environment, that’s a signal that if the market is allowed to reign supreme, Twitter as well as others have no real sustainable market value. at best they have a fascist corporate army, with the ability to use digital and legal force to quell a rebellion.
With Bitcoin, if we’re to believe it’s the future of money, I don’t think, a lot of these bankrupt companies comprehend that they’re going to be consumed, by a potential superior technology, that may indeed render their current business models obsolete.
Interesting times ahead!