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“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain
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Target, a leading retailer and key driver of consumption in the US, stumbled badly last quarter (Click News Link). The majority, too dazzled by Bitcoin ($GBTC) and MicroStrategy ($MSTR), along with the endless stories about the genius of Michael Saylor, fail to recognize the death of the soft landing scenario.
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Do not misread our commentary as sour grapes against Bitcoin or MicroStrategy. Our computer accurately predicted the rise of Bitcoin in 2023. The point of origin report was the 10/16/23 Dancing With Myself In Bitcoin. We, along with a few skilled subscribers, have been riding the primary trend ever since. It's not important that you believe us.
The backdrop for Bitcoin and risk-on assets, however, could change dramatically in 2025. We expect the majority to miss all the signs. Delusion among the majority is running high. We will be generating frank Bitcoin Report updates throughout the remainder of 2024 and 2025, and expect the Bitcoin report to be fully dead in terms of participation by the end of 2025. The majority typically does not want to watch video updates about a dead or declining markets.
Just a sample of X's growing delusion of Max Headrooms towards risk-on.
— Crypto Tea (@CryptoTea_) November 19, 2024
script>Michael's commitment to Bitcoin is the Satoshi Dream...
— Scottie Pippen (@ScottiePippen) November 20, 2024
Sitting down for dinner at Michael Saylor’s home after our talk at the conference, the energy in the room felt like a Bulls huddle—but this time, the stakes are even more bullish.
When Michael asked about Satoshi, I told… pic.twitter.com/GOyFgck1bQ
$13 million Bitcoin:….according to Michael Saylor. I believe he is right. He is one smart boy. Bitcoin today is $90,000. If Saylor is on target….which I think he is…. that means for $9,000 today….you buy .01 Bitcoin today…you are a millionaire tomorrow. Sure beats…
— Robert Kiyosaki (@theRealKiyosaki) November 20, 2024
⚠️BREAKING:
— Investing.com (@Investingcom) November 20, 2024
*BITCOIN RISES ABOVE $93,000#BTC #BITCOIN pic.twitter.com/mst8rbluY8
Hawk Tuah thanks Michael Saylor for changing her life 👀
— Bitcoin News (@BitcoinNewsCom) November 14, 2024
pic.twitter.com/aK1UyztGOd
Millions believe Bitcoin is safe, destined to end the Fed, or fulfill some miraculous purpose to make America great again. In reality, it's a trading toy, and Michael Saylor, through MicroStrategy ($MSTR), runs a billion-dollar toy store. The higher $MSTR goes, the more shares Saylor can sell to finance the purchase of more Bitcoin. This virtuous cycle pushes up the price of Bitcoin, and everyone thinks they win. Or so they believe.
Frankly, the stark reality of WW3 creeping closer while the masses celebrates free money is a warning from history. Panic and pain are often unseen until they're upon us. We hope our words of caution will be heeded, but its likely they'll be ignored. Nobody pays attention until everyone is panic selling.
Follow me on 𝕏 or Facebook for further discussion.
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The Matrix provides market-driven trend, cycles, and intermarket analysis.
