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Piper

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Jan 2

$MSTR
Will it ever break $400 again? I’m down over 30% 😓
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Comments (6)
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"Rivers know this: there is no hurry. We shall get there someday." – A.A. Milne
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It will. They continue buying bitcoin and at this rate, IMO, will be greater than or equal to $1000 when BTC is 4 trillion in market cap. Which would put their current holdings and current average cost at an estimated $80 billion dollar value.
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I think it will, eventually. But it may take a significantly higher btc price to get there. Recent price action is not great, and I say that as someone who owns it and is bullish on crypto. What is concerning is how it’s beginning to decouple from BTC. During the run-up, gains and losses were both roughly 2x leveraged BTC. Now, it’s gaining 0.5x btc on up days and declining 2x to 3x btc on down days. I don’t mind downside, that’s called volatility. What I don’t like is the decoupling from btc since what I’m bullish on is BTC not MSTR. MSTR is just a form of exposure to BTC. Right now the price action is more similar to a bitcoin miner like $MARA than a leveraged bitcoin play like $BITX I’m hoping this changes soon, but it is incredibly annoying.
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I hope so because the prices lately make me 😭😭😭
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Jan 2
Probably will go down a bit before back up to those levels
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100% brotha