When MSTR trades at a discount to its Bitcoin holdings you're buying Bitcoin cheaper than Bitcoin.
Peter Schiff is making the bull case and doesn't realise it.
Almost all articles regarding criticism of $MSTR selling stock to buy Bitcoin point to the fact that MSTR has always sold stock to buy Bitcoin. But that rationalization misses the point of the criticism. Past sales were done at a premium. Current sales are done at a discount.
Gold just fell 28% from its January top.
I went back and measured every major gold crash myself.
The pattern surprised me.
1980 top: −29% in 46 days. New all-time high? 28 years later.
2011 top: −31% in 53 days. New high? 9 years later.
2008 panic: −28% over 178 days. New high? Just over a year.
See it?
The fast crashes were the tops — followed by decade-long winters.
The slow grind was the panic — and it recovered in a year.
2026: −28% over 133 days.
Slow.
I started measuring expecting to call a top.
The data says this looks more like 2008 than 1980.
That's why I measure instead of guess.
Numbers approximate, measured top to trough off the charts.
Receipts attached.
SpaceX just raised $75 billion today.
Biggest IPO in history, period.
Retail bought $453 million — straight record.
The record it smashed? Coinbase.
So the two biggest retail buys ever:
A crypto exchange
The company sitting on 18,700 Bitcoin that owns the app you’re reading this on right now.
Let’s go.
Bought Bitcoin 3 days in a row this week.
June 10: $60,841. Fear & Greed at 9.
Timeline in full panic.
June 11: $63,151.
June 12: $63,889.
The cheapest buy was the day everyone was screaming.
No timing.
Same amount, every time, through the noise.
USC tax came in 2011 to plug the hole the crash left.
A temporary fix.
15 years ago.
Nobody in Ireland has been paid a wage since without the USC coming out of it.
Supposedly temporary.
I was 9 that time, Im now 24,
"Temporary."
A lad told me a trillionaire stepped in and paid Irelands bills in 2008.
No trillionaire ever existed. Heres who actually paid:
1999: We hand our interest rates to Frankfurt.
2003-05: ECB holds rates at 2% for a stagnating Germany. Ireland was booming at 5-6%. For us that was free money.
Free money chased houses. Houses became a bubble.
2008: Borrowers cant repay.
The banks start dying. Overnight, the government guarantees the banks debts. Private losses became OUR losses.
Lenders wanted 8, 9, 10% to lend to Ireland after that.
We cant print euros.
The UK could print pounds. Thats the difference and why we got hit much harder.
2010: The IMF lands in Dublin.
A decade of cuts and taxes follows.
The USC on your payslip? Introduced 2011 as a temporary crisis measure.
Still there in 2026.
You're still paying for 2008.
The mysterious benefactor was your das payslip.
One rate for 21 countries means someone always gets the wrong rate.
And when it goes wrong,
You pay.
We dont control our money.
Japan just advanced a bill cutting crypto tax from 55% to 20%.
Portugal: 0% after a year. Switzerland: 0% for private investors.
Ireland: 33%, with a €1,270 exemption — thats literally the old £1,000 punt allowance from 2002, never updated.
The EU writes more rules.
The rest of the world competes for the capital.
Dublin Take Notes.
In Ireland we dont control our money.
The decisions are made in Frankfurt.
Ireland joined the euro in 1999 and handed our interest rates to the ECB.
Early 2000s: Ireland booming at 5-6% a year. Germany stagnating — the "sick man of Europe." So the ECB held rates at 2% to help the core.
For a booming Ireland that was free money.
It poured into property.
The Celtic Tiger ended in a housing crash. 2008.
We all know how that ended.
One rate for 21 countries means someone always gets the wrong rate.
In 2005 it was us.
And our voice?
Irelands central bank doesnt even get a vote at every ECB meeting.
The seats rotate.
We dont control our money.
Thats why I chose bitcoin.
Fear & Greed Index at 9.
Extreme Fear.
I bought at $62,656.
Then $61,812.
Then $61,750.
This morning $60,841.
Most people see red and freeze.
I see red and stack.
That's the difference.
Morgan Stanley says dividend stocks are slashing payouts. Stocks volatile. Gold crashed. Recession warnings.
CPI tomorrow.
Everything is telling you the same thing.
Most people aren't listening
A Chinese court just ruled Bitcoin is property.
Russia recognising Bitcoin as property.
US Clarity Act advancing. Japan paying bank interest in Bitcoin.
Every major power arriving at the same conclusion.
This is a race.
Bought more from Longford.
0.001593 BTC @ $62,656 today
0.002372 BTC @ $63,223 yesterday
Same thing I always do.
Not your keys, not your coins.
Zoom out.