Bitcoin prices reach $117,000 for financial stocks like MSTR, Naka Collapse

The hangover from paper Bitcoin summer delusion arrived quickly and painfully. Rather than Bitcoin prices, it’s pushing up $117,000 on Tuesday evening, and the Bitcoin finance company’s stock price is mildly and surprisingly ticking. They’re all getting Slaughtered: Look at the graphs for $MSTR, Metaplanet, $naka, H100, Smarter Web Company. They all look the same. Following this, the Shitcoin-style pump begins and is pulled down to where it started (or much below).

For a while, we and the rest of Wall Street thought that anyone could arbitrate financial markets. Issues shares that exceed their intrinsic value. Buy Bitcoin. repeat. For this vertical summer escape, Wall Street was paying more than a dollar for dollar worth of Bitcoin, everyone was illuminated with dollar symbols. This is something you can do all day long if possible.

But now that’s finished, there’s hell to pay – and the devil is already taking the name by kicking the ass.

Ah, kicking a guy who’s already down is no good (and not when that guy has a boss in any way…) but it collapsed 87% from May and dump peaks, given that $naka fell to 50% the day after the S3 pipe sharing restriction period ended – US price therapist do not have Please take a look again.

Therefore, many second layer pipes “Insiders” want to dump dump dump dump dumb as the float of outstanding, tradable stocks has increased by 50 times overnight. The formula was very simple. Collapse price. Adam Livingston, an analyst at the Bitcoin Treasury, said: “And here you get the perfect physics lesson: add mass, you lose altitude.”

As always, Bitcoin didn’t bother me. After a short throw from the current $116,000 Stablecoin pattern, material news jumped to almost 2% today. As Matt Crosby of Bitcoin Magazine Pro states in a recent video, Bitcoin Price is “a breakout poised.”

The same cannot be said about poor finance companies.

Even the best-in-class Saylor strategy ($MSTR) has been struggling since off-road-on-retail was launched last year. The strategy is swallowing coins by hundreds, but the MNAV is increasingly compressed and can hit a (unadjusted) low of 1.27. We soon lose stock insurance premiums (i.e., the magical source of all finance companies) and make the finance company expensive and glorious ETFs.

“It’s always been,” the meme world might refute.

Returning to our beloved frog, Nakamoto. baaaaad Things have happened recently. This is a nasty chart:

Printing an infinite number of copyable paper against unreliable Bitcoin strategies would not have ended any other way. Congratulations, Naka’s leadership. You have wasted six months (or more) of Prime Bull Market real estate playing high money, and now you will be punished for it.

The delusion that was Bitcoin’s financial strategy has ended, and the NAKA strategy – implementing the MNAV squared financial strategy – is struggling straight for that. (However, at the time of this writing, $naka has increased by 20% since that day. Extreme Crazy Low… Yaha, no one cares. )

Livingstone once again has a beautiful meaning of insanity:

“The September 15 crash was not a mysterious market mood swing, a predictable result of discounting 500 million yen through order books designed for millions.

The eternal upward magic of Bitcoin finance company (Money Share Printing) is gone. Good reddance. Now these companies have to prove their true value with coins wrapped in companies they have so sincerely… Or perhaps we can go back of– Economic Finance – You know, that annoying, original reason for Bitcoin.

This post Bitcoin price reaches $117,000 as a Treasury stock as MSTR, Naka Collapse, first appeared in Bitcoin Magazine, written by Joakim Book.