What happened to the biggest diamond hands? Why Microstrategy selling bitcoin? And what YOU should learn from this.
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[Music] Thank you [Music] [Music] Welcome to Middle boy crypto my name is Ben today I want to talk to you about Microstrategy selling their Bitcoin That's right microstrategy is going to Have to sell their Bitcoin now this Might come to a shock because Michael Saylor said they would never sell their Bitcoin well Michael sailor is now on The board he's actually not part of the Company anymore per se but of course we Know he really still is and so the Question is why are they going to have To sell Their Bitcoin they were Diamond handed Well to be honest with you this isn't Something that we should probably Worry about Too much right now I'm gonna tell you Why Um what do you guys I've never named my Lamborghini what you guys name my Lamborghini below if it's a cool name And it gets a lot of likes I'll name my Lamborghini that there you go we call it The Gucci mobile here at home Kids watch your channel and they have a Dog named Gucci so they love that but The point is here Biker strategy has now come out and said That they're the number one holder of
Bitcoin corporate holder Bitcoin of Course they hold I think about 105 150 000 maybe it's 200 000 somewhere around There it's a lot of Bitcoin regardless More than I've got Um but the point is and I'll tell you This if you name my Lamborghini Something stupid I'm not going to call It that so don't even do that okay don't Name it like molasses and get 742 likes And think I'm gonna name it molasses Okay it's not gonna happen if you want To be clear about that but look here's The facts the facts is microstrategy is That software company it's not a Bitcoin Holding company now they've got a bunch Of debt obligations they have to pay off Here in 2025. so that works out really Well because that's gonna be that peak Of the Bull Run Okay number one it's Gonna be the peak of the Bull Run 2025 Whereas the all-time highs probably into 2024 2025 is going to go parabolic Things are going to be your own grade And so it's gonna be really cool for Them to be able to uh you know sell some Profit at the top to pay for their debt Obligations guys they've come out and Said we don't make enough money selling Software to cover our own debts that's What they've said Foreign [Music] [Music]
So this is one of those things where You've got a company that's tried Something that's trying to basically Become a Bitcoin holding company that's What they've tried to become they still Have some software that they do with Microstrategy but the long and the short Of it No pun intended I know I say long and Short of it all the freaking time should I say pun intended or not intended every Single time but the fact is they're not Going to hold on to all their Bitcoin For the long term because they have debt That they have to pay they have more Debt by the way they have to pay off in 2028 which would be interesting Um if I were them let me go ahead and Tell you guys a little secret okay uh I Did not save for taxes the right way What we should have when we were at the Top now we have no money to pay our tax Right now it's no big deal okay but TJ And I had a conversation where we you Know back in I guess it would have been Somewhere in 2021 about the middle of The Year we're like you know what we Should take some of this money and we Should set it aside for taxes when it's Time yeah we didn't do it I wish we Would have Um because it would have made things Easier for us down the road and also as The price of crypto is going down
Tremendously in the bear Market we could Have had that money sitting there Retaining its value and so we could have Not only paid taxes but we could have Actually taken that money and bought More crypto near the bottom and actually Paid taxes and got extra crypto for it So the point is Is that it would have been really easy For us to do that and we just didn't do It and we learned a very valuable lesson About that so we learned a lot of Valuable Lexington about taxes in the Last couple years Um I can tell you that much but the fact Is is that this is my this is my word of Advice to microstrategy I would go ahead In 2025 take all the profit to pay off Your debts for 2025 and 2028 and Beyond If you have some because when Bitcoin is Rolling and it says Peak you want to Take advantage of that as much as Possible so and that of course goes to Everybody watching at home as well I Mean you guys should be taking profits At the top uh don't write everything Down to the bottom it's not really what You want to do so big news today Microstrategy says they're going to have To sell their Bitcoin but it's because They have to because they don't have any Other income source so it's not a Terribly bad story but it just goes to Show you guys you can't sit on your
Bitcoin forever if you have no income Remember that that's okay be blessed big Boy out oh who's that mama's home [Music] [Applause] [Applause] [Music] Foreign [Music]