Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Funny how a $245M purchase seems small to us, lol, when it is an amount that would give us enough to retire on and have our descendants live as rich for generations. Understandable though because of what Saylor has us used to. To me it doesn't surprise me that much within the variability of purchases we know and that the market is on a sideways and even downward with the recent conflict. If we get into a real bull market we will see huge buying.
First a correction FMC. The Saylor/MSTR purchase was 245 BTC and $26 million.. not $245 million.
Otherwise, I still agree with your point, including that it is quite likely that even 245 BTC is still generational wealth for anyone who might be willing to hold for another cycle or two.. let's say 10 years or more.
Currently 245 bitcoin have a 200-WMA value of nearly $12 million and a spot price value of nearly $25 million.
Based on the 200-WMA.. I anticipate that currently 245 BTC allows for a perpetual withdrawal rate (sustainable) of right around $1.2 million per year.
I personally expect that in 10 years, the 200-WMA will have right around $500k minimum in terms of valuating bitcoin holdings, so at that point, if none of the 245 bitcoin had been spent, the bitcoin would be valued at a minimum of $120 million.. and the 245 BTC would have a sustainable withdrawal rate that would have had gone up to right around $12 million per year.
Quoted for visibility