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Swan Signal Monthly: August 2020 Newsletter

Business intelligence software company MicroStrategy, a public company traded on NASDAQ, announced in August that it has adopted Bitcoin as its primary treasury reserve asset.

Brady Swenson
Brady Swenson
Sep 20, 2020September 20, 20205 min read5 minutes read

Welcome to the August 2020 edition of the Swan Signal monthly newsletter.

This month’s letter includes:

  1. Liftoff: a short essay on an impor­tant topic

  2. A curated list of recent Bitcoin content

  3. Behind-the-scenes updates from the Swan team

Liftoff: MicroStrategy Buys 0.1 Percent of All Bitcoin That Will Ever Exist

MicroS­trategy bought $250 million worth of Bitcoin, a staggering 21,454 Bitcoins, or 0.1% of all the Bitcoins that will ever exist. MicroStrategy’s stock shot up 16% on the news and has sustained the gains over the past three weeks. That kind of price increase was undoubtedly noticed by CEOs of other public compa­nies. Two of the company’s biggest share­holders, Black Rock, the largest asset manager in the world, and Vanguard, the largest provider of mutual funds in the world, certainly took notice as well.

Micros­trat­e­gy’s stock price shot up 16% after the news.

This news comes on the heels of investors like billion­aire Paul Tudor Jones revealing signif­i­cant invest­ments in Bitcoin. When more prominent players begin to get in the game, it gives valida­tion to other wealthy players to do the same. We expect more news like this in the coming months.

Forbes made clear the meaning of MicroS­trat­e­gy’s move.

One reason Bitcoin is so inter­esting is that it is readily acces­sible to anyone. It is an internet-based protocol for the transfer of value. Imagine being able to buy a piece of the early HTTP protocol that runs the Web. That would have accrued an incred­ible amount of value over the years. It’s still early. You can start accumu­lating Bitcoin right now before more corpo­ra­tions and big investors get in the game.

We have noticed a lot of customers increasing their plans lately. We just increased our per-purchase limit to $10,000. You can increase your plan anytime; just head over to your dashboard

Bitcoin Content Showcase

We’ve pulled together some of the best Bitcoin content from this past month for you.

Corpo­ra­tions are putting BTC on their balance sheets. Mark uses game theory to explore the implications.

Why good invest­ments should feel boring and why regular recur­ring buys are the best way to accumu­late Bitcoin.

Why MicroS­trategy adding BTC to their corpo­rate balance sheet is very bullish for Bitcoin. Bitcoin discus­sion begins at the 1:05:42 mark.

Bitcoin Tidbit: What Does “Hodl” Mean? 

“Hodl” is a popular meme that refers to simply accumu­lating bitcoin rather than trading it. It origi­nated from a famous 2013 post on the Bitcoin Talk forum where a user misspelled “holding.” The Bitcoin commu­nity quickly adopted the phrase and it has become one of the most used memes in Bitcoin. What started as a simple typo has become a rallying cry to hodl bitcoin for the long-term.”

On the Brink Podcast with Ray Youssef
Anexciting look into Bitcoin’s rapidly growing peer-to-peer usage in devel­oping countries. Ray is bullish on Africa widely adopting BTC sooner than later.

Raoul Pal on Stephan Livera Podcast
Raoul Pal of Real Vision argues the merits of recurring buys into Bitcoin, a favor­able risk-to-reward ratio, and how market condi­tions have created the “perfect storm for Bitcoin.”

Highlights from Swan’s Content

Swan is dedicated to producing great content to educate and raise aware­ness about Bitcoin. Our blog, Swan Signal, features thoughts and opinions on Bitcoin from the Swan team and industry experts.

Our weekly live broad­cast, Swan Signal Live, pairs notable guests for compelling discus­sions about Bitcoin and economics. The live broad­cast is then published as audio on the Swan Signal Podcast feed.

How central banking steals human time and corrupts human values, Nassim Taleb’s ideas, ancient wisdom, and the world’s future under a Bitcoin standard. Robert: “I do think we are in the early stages of a currency collapse.”

Monster episode where we cover gold, central banking, the deval­u­a­tion of curren­cies, and how Bitcoin is going to suck value out of every other store of value. Saifedean: “Bitcoin is the way we eutha­nize the fiat standard, peacefully.”

Preston and Andy get extremely bullish on Bitcoin’s prospects for the next 18 months and over the long term. Andy: “It’s hard to see what the major risks are in the long-term.”

Behind the Scenes at Swan

Brady Swenson

Brady Swenson

Brady is a frequent guest on Bitcoin media such as Bitcoin Magazine, Bitcoin Rapid Fire, Bitcoin Audible, and Crypto Cousins. He also hosts two well-known Bitcoin podcasts, Citizen Bitcoin and Swan Signal Live.

More from Swan Signal Blog

Thoughts on Bitcoin from the Swan team and friends.

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