Why Bitcoin Is Stuck at $80,000
https://www.youtube.com/watch?v=d6ps7vMQtfM
Language: en | ASR: large-v3-turbo @ 0a363e9161cbc7ed1431c9597a8ceaf0c4f78fcf

[00:00:00.000 --> 00:00:04.720] Speaker 1: And it lands while the biggest buyer on earth is mostly on the sidelines. Last week,
[00:00:04.980 --> 00:00:10.500] Speaker 1: Strategy bought only 250 Bitcoin and spent $192 million buying back its own preferred
[00:00:10.500 --> 00:00:16.520] Speaker 1: stock, Stretch, instead. Because that stock is trading at $99 .85 a hair under the $100
[00:00:16.520 --> 00:00:21.140] Speaker 1: price where Strategy can start selling more of it in order to buy Bitcoin. Once it's back
[00:00:21.140 --> 00:00:26.720] Speaker 1: over $100, Strategy can issue again and that money goes straight into Bitcoin. Bitcoin held
[00:00:26.720 --> 00:00:32.380] Speaker 1: $80 ,000 with its biggest buyer barely buying, so a scary MSCI headline is a short -term
[00:00:32.380 --> 00:00:36.860] Speaker 1: problem, while strategy switching its buying back on is the bigger long -term story.