PRICE DROP MICROSTRATEGY- Tariffs!! and why the recovery?!!

Hey my friends, it's Ted McGrath.

So I'm going to jump in and make a quick video today on why the price dropped, then why the recovery, and what is happening with Bitcoin adoption throughout the states in the United States.

We're going to get into, again, why I'm still bullish on MicroStrategy, why I'm still bullish on Bitcoin, and also what my investment plans are present day with some new money.

Again, this is not financial advice, so remember, not tax advice, not legal advice, not financial advice at all. This is just for entertainment and educational purposes, and that is it.

Okay, so number one, we saw that there was a huge dump yesterday in the markets. You know, if you watched Bitcoin go all the way down to 92 or even below that, we watched a huge crash with Solana. Solana was up at like 280 a week and a half ago, and Solana dumped down to like the 180s recently.

So we saw big price movements in cryptocurrency yesterday. If you're watching the markets last night, you can tune in to Robinhood, and on Robinhood, you can see pre-market prices on the stocks. We saw MicroStrategy drop down to 300, and we saw it go down 10% pre-market.

So we saw big price drops. You know, there's nerves when stuff like that happens; I get it. You're watching all over YouTube and the internet about the tariffs and what is Trump doing.

Here's my personal viewpoint on it and basically some of the research that I saw. We see that Trump is applying tariffs with China, Canada, Mexico, etc. If you know anything about Trump's negotiation strategies, you know he will go in and shock people with something and take massive action.

Many times that massive action of what he takes is then brought into a negotiation where he comes to a deal with people and things are resolved. So right now, there's some recent news that Trump just did a deal with Mexico and some agreements with Mexico to do the art of the deal and negotiate.

So this whole threat of tariffs and things like that dropped the prices in the markets. Number one, I think people were expecting these tariffs and the idea of tariffs to come in 30 days later; they came in earlier. The markets don't like surprises.

With the surprise of Trump putting in these tariffs or saying he's going to put in these tariffs, the market doesn't like surprises. The market tanks; it reacts negatively. Of course, it could potentially affect companies in the U.S. if goods are being taxed that are being imported into the U.S. It affects American companies, the American stock market flips out, and people start selling.

Cryptocurrency responds in kind, and people start selling. So we saw a big drop down on Solana, we saw a big drop down on MicroStrategy, and if you watch MicroStrategy pre-market, we saw it at like 300 bucks last night.

Now, here's the deal. I sat down last night when things like this happened, and I basically put in certain policies for my investing. When I look at my investments, I have some new money that's coming in right now; it's a substantial amount that's coming in from one of my trusts.

I'm hoping that it comes in super, super soon because February tends to be one of the best months of the year when it comes to Bitcoin. If you look at the charts, you know November historically with Bitcoin is one of the top months, and we just saw a November soar recently.

I think February is about the third best month for Bitcoin historically. So I'm expecting to see a big month in February with Bitcoin comparatively to the other months, like the summer months that are typically dead.

I'm expecting to see a bigger month with Bitcoin. If Bitcoin has a big month, then we're going to see that MicroStrategy should have a big month as well.

What that will look like, I know historically in February, Bitcoin has done sometimes in the 30 percentiles. Most recently in 2021, it was in the 20 percentiles. So could we have a 20% run on Bitcoin in February? It's possible.

Again, not financial advice. I'm not giving you any advice on where you're going to time the markets, but when something comes in like last night and you believe in the investment, whether it's Bitcoin or MicroStrategy long term for me personally, I am waiting for my new money to come in so I can allocate it to Bitcoin and MicroStrategy.

My allocation based on what I wrote down last night is going to be about 50% to MicroStrategy, 40% to Bitcoin, and 10% to Tesla. If you look at my current allocation strategy, it's approximately that. I got about 60% in MicroStrategy, 30-something percent in Bitcoin, and then I have a percentage in Tesla and Solana, and then I have some money that I keep in cash for trading.

Okay, so that's my basic strategy on it. We have things like this that happen in crypto. You know, even last weekend, not this past weekend, but the weekend before, we had another surprise, and we saw the markets drop again.

They boosted back up on a Monday. We just had another surprise; the markets dropped again, and it boosted back up on Monday. This is not uncommon where shocking news or surprising news comes in that affects crypto, Bitcoin, and the stock market.

This is what we live through as we invest in these types of products. Am I alarmed? Am I shocked? No. Do I like to see Bitcoin drop to 92,000 like it did last night? No.

Was I wishing that I had some dry powder from my trust that's going to be coming in very, very soon to buy at that moment? I so wish I had because I would have aped in at 92,000, and it was a huge buying opportunity.

So again, if you're just joining, it's the first time you're watching this channel. The majority of my investment money I put in Bitcoin in 2018. I bought my first Bitcoin; I put a lot in in 2020.

I put a good size amount in 2023 when Bitcoin was at 30,000, and that's the last time that I've purchased Bitcoin. Now I have some money that I'm taking because I have a big insurance policy, and I'm like, I no longer want to keep my cash in this insurance policy.

The reason being is because my investment philosophy has changed over the years. As I looked at it, I'm like a 6% in an insurance policy isn't going to cut it when we're printing 7% more money supply every year on average.

That means if I make 6% on my insurance policy, I'm not making anything; I'm not getting ahead. So I'm reallocating all of that money, and I'm putting it into Bitcoin, MicroStrategy, and Tesla.

In a new unit of time, as looking at it from a new investment standpoint, I'm looking at that as new money. When I look at the bull run right now, do I feel like it's too late to buy into Bitcoin and too late to buy into MicroStrategy? No, I don't.

And obviously, I'm putting my money where my mouth is because my large bags of MicroStrategy and Bitcoin have all been allocated from years ago. But with new money, I'm going to allocate to those same winners.

My longer-term bet on this is Tesla. I've been in Tesla since 2017, so I will continue to bet on Tesla into the future.

So that's my basic plan. I would not be worried about the tariffs; it shocked the markets. I also believe and know that one of the ways that Trump measures his success is by the stock market, and so he's not going to do anything that's going to tank the stock market this year.

Also, you know, with him coming out with his meme coin and the fact that the U.S. is looking at a strategic reserve for Bitcoin and a digital stockpile, it's going to go right this year in 2025. That's my prediction.

So that's why I'm going to put new money in as soon as my money comes in from my trust and my life insurance policy, and it will be sometime, I hope, within the next week because I believe in February we're going to have a pretty good February with Bitcoin and MicroStrategy.

Okay, so that's my basic take on what's happening right now. Also, if you look at the states and basically what's happening with the legislative process on the states, I think there are 18 to 20 states now that are looking to pass a law to have Bitcoin as a strategic reserve.

You have Arizona and Utah that are the most ahead. The way that the process works is first, somebody introduces the bill or the law, and then it goes to a committee. After the committee, it goes to the House and the Senate.

When you look at Arizona, Arizona has it already in the House and Senate process right now. Right after the House and Senate, it'll go for a pass. Utah, the same thing; they already have it in the House and Senate.

As soon as the House and Senate approve it, then it will go to be made into a law by the governor. So basically, we have two states that are right at the finish line right now to get strategic Bitcoin reserves, and then we have another 16 or 17 states.

The great majority will follow. You know, we got how many states in the U.S.? 50 or 52. So right now, you've got almost 40% of the states applying for a strategic Bitcoin reserve.

I also think that that's a good thing because it pressures the hand of Trump. Now, the U.S. government and the committee that was put together to create a strategic stockpile or digital stockpile is now, I'm just going to call it a strategic Bitcoin reserve because I hate the idea of a digital stockpile.

I think it should all be Bitcoin. It's like a strategic digital currency stockpile; it should be a strategic Bitcoin reserve. That's what it should be.

The strategic Bitcoin reserve that they're looking at, they're going to come back, and I think they're going to pass it. I think it's political suicide for them not to.

I think this administration would have complete egg on their face if they don't pass it, and I also think that they're getting pressure from the states right now to do it because if the states are almost passing it in Arizona and Utah and they start passing it, it's going to put pressure and positive pressure on the government to come back and make a strategic Bitcoin reserve for the U.S. government.

So that's good news as well.

So anyway, the ups and downs of crypto, if you're new to crypto, this is what we deal with. This is the volatility that we deal with. I know we'd all like to see the prices moving up.

I know that people are expecting prices to move up, and I know what it feels like when you're sitting in something and it goes down 10%. It gets scary.

I don't care how long you've been in Bitcoin; like I've been in Bitcoin for seven years now. I don't care how long you've been in it. When you see an 11 or 12% drop in Bitcoin, you know, if you're a veteran, you take notice, and you're like, "Ah, crap."

But if you're brand new, you're not used to that roller coaster. It's like getting on a roller coaster ride, and all of a sudden, you go up, and you have this huge dip, and your stomach drops. You're like, "Oh my God, I've not been trained for this."

It's okay; calm down. We all go through it. One of the reasons I do these is also to instill some confidence to go, "It's okay."

You know, we are still in a bull run, and these are the types of swings that happen in a bull run. These very swings down are the same types of movements that also create swings up, meaning the volatility down that you experience, the goal is to also experience that volatility up.

All right, so we have to expect that we're going to have this type of volatility. I like what Financial Conspirator over there says: "Volatility is vitality." Absolutely.

You've heard me say this before. If you look at MicroStrategy's volatility compared to Bitcoin, like Bitcoin's a 60, and MicroStrategy is like a 90, and the S&P is like a 15.

So you're comparing S&P 14% returns average over a 30-year period. You know, you look at Bitcoin returns; go look at their returns on Bitcoin over the last 16 years. The average is way, way higher.

Then you look at MicroStrategy; you know, 350% return in 2024. You know, so Saylor has not tapped the ATM to my knowledge. I didn't see anything yet on it today.

I think he's in his blackout period before the new FASB accounting rules come out. Let's not forget the FASB accounting rules are coming out. The Fair Accounting Standards Board is going to pass the way that they actually count Bitcoin on the balance sheet now.

Instead of the way they used to count it, which was based on the cost basis, where like if you had a cost basis of 60,000 in Bitcoin, which MicroStrategy's cost basis is around an average of $60,000 per Bitcoin, but now the value of MicroStrategy's Bitcoin is, you know, Bitcoin's at 100.

So they're going to start accounting for the fact that they don't just have 60,000 worth of cost basis; they now have, they're going to value the Bitcoin on their balance sheet based on a $100,000 price point, not the average cost of what they bought it at, which is huge.

So you're going to see a valuation in terms of how the accounting is kept for MicroStrategy's Bitcoin holdings. You're going to see a different viewpoint of how it's accounted for, which is a sign for MicroStrategy.

So that's very good news. On the preferred stock that just came out, I researched a little bit based on what I have, and you might have a little bit of different knowledge on this, but I looked at it many different ways.

I'm like, me as an investor, why would I buy the preferred stock? My understanding of it is that they're going to pay a 10% dividend. When they did release it, there was 3x the demand for the preferred stock, which is STRK.

When I looked at the allocation of like if you have an option to convert that stock into shares in the future, it converts at like a tenth of the stock price.

So the value of like if I were to invest $250,000 into MicroStrategy common shares, and then I invest $250,000 in MicroStrategy STRK, which is the preferred stock, and MicroStrategy hits a thousand price point in 2025, I'm way, way, way, way better off being in the common stock than I am in the preferred stock.

It's not even in the same universe. The reason why people are looking for the preferred stock and why it's an interesting option is because they want like more fixed returns. They want the 10% dividend that's paid out quarterly.

It's 10% over a year, but it's a quarterly dividend that's paid out, and so they want the predictability of the dividend that can be paid out, you know, quarter after quarter, year after year, for perpetuity, for as long as MicroStrategy is around.

Also, as a preferred stockholder, if MicroStrategy ever goes under, the preferred stockholders get their money back first. I think it actually goes convertible. The people who did the convertible bond deals first, then it goes the people who own preferred stock, then it goes us.

I'm a common shareholder; I'd be last. So if MicroStrategy ever tanks and goes out of existence, as a common shareholder, I'm going to get nothing. As somebody who's a convertible bondholder, they would first get money back, then you'd have the preferred people, then you'd have the common people.

So I love what Grant says. Yeah, Bitcoin's back up to 100K today; it's beautiful. This is how Bitcoin moves.

Again, Trump threw out the tariff thing. Mexico, everybody's coming to the table to negotiate. Mexico is coming to the table; they already did a negotiation.

This is how Trump does deals; he shocks people, then he comes to a deal in a negotiation. America's a superpower. We have lots of power; he's throwing around the power, and he's going to get what he wants in most cases, which is going to be good for Bitcoin, in my opinion.

So it's good news. And it's, to me, like is it something to be concerned about when you see a 10% swing? Yeah.

But MicroStrategy also has held strong too, right around 330. Saylor didn't tap the ATM, and another good reason for the preferred stock, by the way, is Saylor doesn't have to tap the ATM for this.

So it's another way for MicroStrategy to get money to buy Bitcoin. Now you look at MicroStrategy; they have preferred stock, and they can get money from their preferred stockholders and buy Bitcoin.

They can issue common shares, which we know when they issue stock that's at the market, that's when he taps the ATM, and it temporarily dilutes the shares. But as shareholders, we are okay with this long-term because it gets us more Bitcoin per share.

We also know that convertible notes, which by the way, the convertible notes are going to be used up this year, and most of what he's done in 2024 and even in the beginning of 2025 is issuing common stock.

Issuing common stock when he hits the ATM, like that, the market, when he issues the common stock, that's when you see the dilution of the shares, and you start to see like maybe the price trades sideways or goes down temporarily because there's a temporary dilution.

Sometimes the market sentiment doesn't really like it, even though long-term it's good for the shareholder. But when he does it with convertible notes, where he borrows money to buy more Bitcoin, it's not impacting, you know, hitting the ATM, so to speak.

So it's not a dilution of shares, which is good. So we like convertible notes as well, and then also preferred is another thing where it's not actually hitting the ATM, so it's not going to create a dilution of the shares.

Okay, those payouts of 10% dividends need to come from somewhere. So there, I think the dividend payouts need to come from somewhere, so there is going to be a little bit coming from, I guess, somewhere that may dilute it.

You might have to pull it from, anyway, I'm not going to get into the technical details, which I don't have full knowledge of, but somehow they're going to have to pay the preferred shareholders, and that's going to come from somewhere, right?

But now we have three methods to raise money to buy Bitcoin, and that's a very, very, very good thing.

Also, because the preferred stock was so popular, three times more popular than we thought, it was originally supposed to be 250 million, and I think they came out with 750 million.

I think it will be a strategy that he continues to do, which is very, very bullish for MicroStrategy.

So overall, I'm still excited about 2025. I just wanted to come and give you that quick update and let you know that, number one, the tariff thing created a shock in the market, and it tanked down on Sunday.

Now that Trump is coming to negotiations, we see a rebound in the market. Number two, February historically for Bitcoin has been one of the best months, the third best month.

If you look back at the price in 2021, Bitcoin went up by 20-something percent in February. If you go back to prior years, it went up by 30-something percent in the bull run before that.

So I'm expecting February to be a good indicator for Bitcoin and MicroStrategy and a good price increase. Not financial advice, but that's what I'm expecting.

Number three, I personally am waiting for some money to come in from my life insurance policy. I will be taking the great majority of all of that money and reallocating it towards MicroStrategy, Bitcoin, and some towards Tesla.

So I will be doing that with new money. If anybody's invested recently, I will be in that game with you. But also, I've been in the game for a long time on this since 2018, so I have a longer runway and a lot more profits.

But when I invest new money, I look at it as a new batch with a completely different mindset of like, "Okay, great, now I want to buy at this price," and I believe that MicroStrategy is going to go to this price.

When you've heard me talk about my bullish case for MicroStrategy being $1,000 in 2025, I'm looking at it when I do my projections for MicroStrategy. I'm looking at this new investment money from the standpoint of what happens if it hits a thousand, what happens if it goes to 700, and what happens if it goes to its all-time high from 2024, which was about $540.

I don't see a world where we don't get back to 540 since we already hit that all-time high. Here's why: number one, in January, if you look at the ETFs, you look at Saylor, you look at the buying of Bitcoin, there were 50,000 Bitcoin purchased.

If you look at the actual supply that's issued every single day of Bitcoin, it's 450 Bitcoin. So if you do the math, 450 times 30 days, it's somewhere around the neighborhood of 14,000 Bitcoin that are being issued in a month.

50,000 were purchased in January, so there's a 3X purchase, 3X demand based on the supply of issuance. Supply, demand, price.

So the demand, even in 2025, even at $100,000 Bitcoin, because that's what these ETFs have been buying at, the demand is still extremely high at a $100,000 Bitcoin.

That's number one. Number two, through every bull run, it's the funny thing: retail investors who are new to crypto, they start going, their antennas light up when you start to see a bull run.

So when you start to see like the prices go up, as we started to see us nearing 100,000, so many of my friends were calling, "Hey, do you think I should get into Bitcoin?" Why? Because it just ran from 60, and it ran up to like near 100,000 bucks or hit 100,000.

When it hit 100,000, many of my friends were like, "Should I get into Bitcoin? Should I buy Bitcoin? Should I buy Bitcoin?"

So you're going to have the same retail FOMO as Bitcoin hits 120, 150. You're going to have the same retail FOMO as it's zooming up of retail FOMOing in. It happens every bull run; it's going to happen again, and you can count on the public to just FOMO in.

Okay, so that I believe is going to happen as well. The third reason is not just the diminishing supply and the fact that the Bitcoin buys are still huge in terms of the quantity of Bitcoin being bought.

The states, 18 or 20 states right now in the U.S. are applying for a strategic Bitcoin reserve. The U.S. stockpile is another reason. The FASB accounting rules are being changed on how MicroStrategy holds Bitcoin on their balance sheet.

Things are changing, and things are changing in a positive way. So we have great new direction. MicroStrategy continues to innovate and come out with new products like STRK, their preferred stock, new ways to acquire cash to acquire Bitcoin.

That's what they do, and Saylor's not slowing down in 2025. To think he is, he's not slowing down; he's going to buy the top forever.

We're at $100,000; he's buying and still buying. So for me, this is just me for my new money that I'm putting in. I sure hope my new money for my life insurance comes in super soon.

When you deal with trusts and attorneys and regulations and all this stuff, it takes sometimes time to get money. That's the thing I love about crypto; you get in seconds.

All these other vehicles, man, you got to deal with insurance companies and trusts and legal stuff; it's a pain in the ass. So I'm getting my money, and I'm going to put it into crypto and MicroStrategy.

So when my new money comes in, I will be allocating it. Now, when I look to make an investment, it's great to go with the idea of like, "When should I buy?"

Like, Bitcoin's at 100K today, and MicroStrategy is at 330, right? So let's say I get my new money in a week, right? And MicroStrategy goes up to 380.

The way that I'm making that investment, would I like to have the best price? Yes. Will I go look at my charts and do technical analysis to see like are the indicators coming in for a buy or for a sell? Yes.

Will that be the gospel of how I make my decision? No. I will look at the charts; I will look at the signals coming in, but I will look at the future that I see of what is my overall investment plan for MicroStrategy and Bitcoin.

So my overall investment plan is, are we going to get back to an all-time high for MicroStrategy, 540, in 2024? I believe that we're definitely getting back there.

So even if I buy at 380 or 330 or what have you, would I love to buy at 300 in the pre-market last night when it hit 300? Yes.

Even when I buy in the 300s or whatever I buy at, do I believe it's going to go back up to 540? Yeah.

So if I buy at 380 or 400, 540 is like a 35% increase, you know, and I'm looking at the window of the bull run for six or seven more months.

So I'm looking at, wow, like even if I hit the all-time high of MicroStrategy again at 35%, would I be happy with that? Sure.

Okay, even when I buy into Bitcoin, let's say I don't get my money that's coming in for another week or two weeks. I'm looking at it and going, "Okay, great, so what if Bitcoin goes up to 110,000?"

Will I wait for a pullback? I'll probably ape a whole bunch in as soon as I get the money, and then if I think I'm going to see a pullback based on the technical analysis, will I wait for a little bit of pullback and put in the rest? Yeah.

So will I time some of it? Yeah, but not like anally to the point like I'm waiting for the price to drop because I don't want to miss it if we get a spike in a run.

I don't want to miss my overall consensus of what I believe is going to happen. From my point of view, I believe the low, low, low is we're going to get an all-time high of MicroStrategy again, which was 540.

I believe we're going to hit 700, maybe 800, and my bullish is over a thousand. So based on my belief, my knowing, my certainty, my study of Bitcoin, and being in it since 2018, based on what the analysts are saying, we see that predictions for Bitcoin from analysts are around 180 to 190,000 on average for Bitcoin in 2025.

I look at it and go, even if Bitcoin gets to 150,000, if I buy in now, am I winning in this bull run? Yeah. Will I take profits? Yes.

Because again, as I'm looking at this, it's very real that we could shoot up to 150 and back down to 100. It's very real that Bitcoin could run up to 190 and run all the way down to 100 or below 100.

It's very real that MicroStrategy could run up to 540 again and back down to 280 or lower.

Okay, so I will look at things, and as we approach the time where I think the bull run is coming to an end, I will analyze things and evaluate based on what's happening in 2025.

Because we don't know what's going to happen if the U.S. decides it's going to get a strategic Bitcoin reserve. If all the states start pouring in, if other countries start pouring in, if Saylor continues to buy and comes out with a new plan, you know he's going to shock people in 2025 and continue to come out with new things that put the PR out there and put the surprise out there and get people more bullish.

I think Saylor's personal goal—I haven't talked to him; this is just my speculation—I think his goal is like, "How could I just continue to buy and buy and buy so we can keep the run going through 2025 and 2026?"

I think that's what he's trying to do. Do I think that's real? In the most likely scenario, that we won't see a drop? No, I think we will see a drop.

I think the most bullish we could wish for is that Saylor and the ETFs and nation-states and countries just keep pouring in, and we don't have, and we just keep kind of staying, and Bitcoin keeps moving up, becomes a mainstream asset.

That could be the most bullish scenario. Do I think it's the most likely scenario? No, not in 2025.

I go based on the last bull cycle and the bull run before that. I go based on the data and based on what I've seen Bitcoin do, that Bitcoin goes all the way up, and then it goes down.

So am I preparing for the worst on that? Yes. And am I going to take profits? Absolutely.

Okay, absolutely. 100%. Now, I know there's a lot of people that say, "Hey, just hold your Bitcoin, hold your Bitcoin." Would I probably be better off in the long run if I just held my Bitcoin? Yes.

Did I hold my Bitcoin? I went through the drop in 2021. I did. Bitcoin went up; I took some profits off Bitcoin, and then it went all the way down, and I held a good majority of Bitcoin.

Then I watched it go all the way back up again, and I was like, "Oh wow, it felt really good to hold that portion of Bitcoin."

So will I hold a portion of my Bitcoin through the bull run and through the bear? Yes. MicroStrategy, will I take a majority of profits on that? Absolutely.

Because MicroStrategy is so much more volatile that even if you're used to a 70% run-up on MicroStrategy, excuse me, a 70% drop on Bitcoin, where it goes all the way up, and then in a bull run, it drops 70%.

What do you think MicroStrategy is going to do if we have that? So in the worst-case scenario, I think this year Bitcoin could run all the way up, and we could have a 70% drop. That's my worst case.

Okay, with the ETFs buying, with nations adopting Bitcoin, with the strategic Bitcoin reserve, with Saylor continuing to buy the way that he's seeing, do I think we'll have a Bitcoin run-up and a 70% drop? No.

Do I think we have a Bitcoin run-up and we could have a 40% or 50% drop? Yes, I do think that's real.

If we see that with MicroStrategy, let's say MicroStrategy hit a thousand bucks, could MicroStrategy drop back down to 300? Yeah, it could.

Could we see MicroStrategy go up to 500 and drop back down to 200 and a bear or below 200? Yeah.

So again, while I still remain extremely bullish in 2025, I'm also looking six or seven months ahead for a potential bear, and I'm planning for that, which is hence why I'm going to take profits so that I'm not caught in the bear and watching all this work that I've done, all this investment I've done, to only sit there and watch it go all the way up and go down and be back to where I was, you know, six months ago.

Make sense?

Okay, so that is the idea for the day. If you're just joining us, the recap of reasons why to be bullish: why do we have the drop? One, Trump shocked the world with tariffs early. People flipped out; the stock market sold; cryptocurrency sold.

Trump's going to do negotiations now with the rest of the countries that he's putting tariffs in. He just had a negotiation that he's going to do with Mexico right now; they're coming to some agreements, and all looks good. Markets rebound.

Okay, that's what Trump does: the art of the deal. Number one. Number two, 18 or 20 U.S. states are now applying for a strategic Bitcoin reserve. Arizona and Utah are almost passed, so I'm expecting to see Arizona and Utah pretty soon get approval for a strategic Bitcoin reserve.

Number three, 50,000 Bitcoin were purchased in the month of January. It's three times the supply that's being issued every single day.

Number four, Saylor is not tapping the ATM right now because I think he's in a blackout period. He's got now the new FASB accounting rules coming in, so the Bitcoin on his balance sheet will be accounted for based on the Bitcoin price of $100,000 right now versus the Bitcoin cost basis of $60,000, which is what his average cost basis is for MicroStrategy buying Bitcoin.

Additionally, we have Saylor continuing to buy. We have the U.S. that I totally believe is going to have a strategic Bitcoin reserve. We have states that are doing; we have countries that are going to be pouring in.

Bullish signs all around for this year. So that's what I believe is going to happen.

So I continue to remain bullish. And then finally, always giving warning that if you have not been through a bull run before, do not get caught with your pants down where literally we zoom up, and you don't have an exit plan.

You have to be looking at this. Okay, no matter how bullish I remain, if you're brand new to crypto, this is not financial advice, not tax advice, not legal advice.

If I was brand new and this is my first time doing this, I would absolutely 100% research what has happened historically in bull runs because it goes all the way up, and it goes all the way down.

I don't care how much you believe in Bitcoin. Okay, not one person, including Michael Saylor, enjoys living through that 70% drop.

If you even watch one of his prior videos during it, it was tough. He even talks about it, right? But he continued to remain true to his shareholders; he continued to remain true to his conviction.

Doesn't mean that it's easy to remain true to your conviction. Okay, do I think he will sell? Absolutely not. Do I think MicroStrategy will sell? Absolutely not.

Okay, he and them being one in the same, even though they're not, do I think they will sell? No, I don't.

Okay, do I know what's going to happen with the ETFs? They're in it to make profits, man. So will they take profits during the bull run? I think so.

I think the one person we can count on to continue to hold the Bitcoin is Michael Saylor. And so even he, as much conviction as he has, or I believe him to be the most convicted person on the face of the planet when it comes to Bitcoin, he doesn't like experiencing the 70% drop.

So you should prepare yourself in this bull run for a big drop, and you should have a plan. To do anything other than have a plan would be irresponsible, which is why I'm telling you to be prepared.

Okay, do I think a 70% drop is likely? I don't think 70% is likely. Do I think a 50% drop is more likely or a 40%? Yes.

So you have to do the research yourself, figure out what you think it's going to be, figure out when you want to take profits, what price point would it be good at.

I have a whole sheet for me on like what happens if we hit a $1,000 MicroStrategy, what happens if we hit an $800 MicroStrategy, what happens if we hit a $540 MicroStrategy, what does it mean when I take profits here, and what would that mean for my financial goals?

Now, I am already up hugely on MicroStrategy and hugely on Bitcoin because I bought way back, right? So I can take profits even right now; I could take massive profits.

But I don't want to miss this incredible ride that I think we're going to be on in 2025. We're part of the way through the bull run now, more than half.

We have an incredible ride I believe coming up, and again, do your own research. I'm just one person here with an opinion and a voice who's lived through and observed a couple of bull runs and watched my portfolio go up and all the way down.

And I believe that we're in for a hell of a rocket ride coming up in 2025. So I'm excited, and I've never been more excited about the space. I've never been more excited about Bitcoin. I've never been more excited about MicroStrategy.

Do I hold both? Yes, and I hold both, number one, because I think just the purest form of Bitcoin and holding Bitcoin is just like it is an in-demand asset. One day, there will be no Bitcoin left.

We already have a supply crunch; it is an in-demand asset. You know, so I want to own it. I also do it from a balancing standpoint because MicroStrategy is way more volatile than Bitcoin.

It doesn't look like it right now, but as you start to see prices run, as I think we start to see Saylor shift more to convertible notes where he's not tapping the ATM as much, once we start to see that, I think that MicroStrategy, that's been trading at a premium all along, I think MicroStrategy's premium will go up even higher, meaning people will be willing to pay more for the stock.

The stock will go up much, much higher, and we will see a bigger increase in MicroStrategy in 2025 than we will Bitcoin.

What I mean by that is if Bitcoin goes to 150,000, which would be a 50% increase from here, I think MicroStrategy will go up by 80% or 100%.

Everybody tracking that? So Bitcoin goes up by 50%, I think we'll see MicroStrategy going up by 80% or 100% over the bull run.

If Bitcoin goes up and doubles, goes from 100,000 to 200,000, I think MicroStrategy won't just do a double, but we do something like a three to three and a half.

So that's why I own MicroStrategy, and I own Bitcoin. You could call Bitcoin kind of like, for me, as more of the conservative approach for me because Bitcoin's more of a conservative.

I even have my company reserves in Bitcoin as well. So it's just kind of for me, it's kind of like, "Okay, great, I'm going to take some money and bank it in Bitcoin."

All right, so it's more of a conservative approach for me, which does not mean that I won't take profits; I will. And MicroStrategy will take larger profits.

Okay, and then I'll look at in 2025 what I'm going to roll into. I will not sit there and roll into cash and just hold a whole bunch of cash.

I am now looking for things that I'm going to allocate into and roll into in 2025. I already have some plans on that, and that's what I'll do.

All right, hope this serves you guys. And I will, when do you think it will? Somebody's asking when do I think MicroStrategy will overshoot Bitcoin.

Here's the thing: I think that we already saw it in 2024. All right, so if you look at Bitcoin's returns, 121% in 2024, and MicroStrategy was like 350%.

We're only in one month into January. Okay, obviously, it has not overtaken Bitcoin in January; it's dropped; it's traded sideways, what have you.

I think as S