In my last note I used a question to illustrate a point. I’m going to do the same now because I believe it fits. Ready?
First…
Michael Saylor (the undisputed leader of the Bitcoin faithful) posted on X early Wednesday before the markets opened, regarding to the current machinations happening in Bitcoin™. To wit:
Now meme’s are subject to interpretation. So, I’m guessing this is to insinuate, in the face of falling prices, HODL (holding on for dear life) and battling the naysayers in the face of falling prices is the strategy of choice.
That appeared to be a salient strategy when “falling” only appeared to be nothing more than normal machinations. However, once those machinations turn into a rout, as we’ve been witnessing over the past several weeks, I would have to argue that my insinuation regarding such actions appear to be a bit more on point. Again, To wit:
From my MIQ files..
And to demonstrate my point, where a picture speaks volumes, here’s Bitcoin’s latest close-up as of ~12noon ET today, Thursday. Once again, to wit:
Unlike my prior note where you could be correct choosing either, in this one, one is correct and one is not regarding a proper description.
I’ll let you decide which that is, as it should be.
© 2025 Mark St. Cyr
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