VIP NEWS
Michael Saylor Claims He Can Convince Warren Buffett to Buy Bitcoin Using Berkshire's $325B Cash
Berkshire Hathaway’s $325 billion cash reserve bleeds $32 billion yearly, Michael Saylor says, claiming that he could sway Warren Buffett to embrace bitcoin.
Berkshire Buying Bitcoin? Michael Saylor Claims He Can Convince Warren Buffett
Michael Saylor, co-founder and executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), criticized the cash management strategy of Warren Buffett’s Berkshire Hathaway during a Nov. 18 interview on the PBD Podcast.
Saylor highlighted the inefficiencies of Berkshire’s $325 billion cash reserve, which he argued generates a mere 3% after-tax yield at best while facing a 15% cost of capital. The resulting 12% negative real yield, according to Saylor, equates to $32 billion in annual shareholder value erosion. Commenting on Berkshire sitting on $325 billion in cash, the Microstrategy executive chairman stressed:
That $325 billion is destroying $32 billion a year. They are destroying $3 billion a month in capital.
Microstrategy, particularly under the leadership of Saylor, has strongly advocated for the adoption of bitcoin as a treasury asset. Saylor has argued that BTC offers unique advantages, such as protection against inflation and currency debasement, and has encouraged companies with excess cash reserves to consider it as part of their treasury strategy. However, he acknowledges that every business has unique financial goals, risk tolerances, and regulatory considerations, and thus a universal recommendation would not be practical.
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VIP NEWS
SEC Expected to Drop Ripple-XRP Lawsuit: Ex-Regulator Foresees Crypto-Friendly Shift
Former CFTC Chair boldly predicts the SEC will drop its Ripple lawsuit, heralding a regulatory shift that could ignite a major rally for XRP.
Former CFTC Chair Bets SEC Will Drop Ripple-XRP Lawsuit Under Incoming Crypto-Friendly Admin
Former U.S. Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, known as “Crypto Dad” for his support of blockchain technology, discussed the high-profile U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple over XRP during an interview on Fox Business this week.
The SEC has accused Ripple of violating securities laws by issuing XRP, with a federal court ruling part of the issuance qualified as a security while other parts did not. Giancarlo argued the SEC should reconsider its approach, especially in light of recent legal outcomes and a potentially changing regulatory environment.
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- Bitcoin Bullets® Trading
📌$THETA/USDT (LONG)
Leverage: 5-10x
1.5180
1.5250
1.5400
1.5700
1.6000
1.8000
2.0000
2.5000
3.0000
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📌$NKN/USDT (LONG)
Leverage: 5-10x
0.069
0.070
0.071
0.0725
0.0735
0.083
0.089
0.099
0.11
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- Bitcoin Bullets® Trading
📌$THETA/USDT (LONG)
Leverage: 5-10x
1.5180
1.5250
1.5400
1.5700
1.6000
1.8000
2.0000
2.5000
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📌INSIDER UPDATE
⚡JUST IN: 🇺🇦🇷🇺 Ukrainian President Zelensky says he is willing to give up land to Russia in exchange for a 'Nato umbrella' over the territory Ukraine still holds.
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Bitcoin Bullets® Trading
📌$ZRX/USDT (LONG)
Leverage: 5-10x
TARGETS
0.37✅
0.38✅
0.40✅
0.42✅
0.44✅
0.48✅
0.52✅
0.56✅
0.60✅
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VIP NEWS
Historic Win For Crypto: Court Strikes Down Treasury's Overreach
Coinbase’s legal chief has declared a historic win as the Fifth Circuit Court ruled Treasury’s Tornado Cash sanctions unlawful, a bullish moment for crypto privacy.
A Historic Victory for Crypto Privacy and the Defense Of Liberty
The Fifth Circuit Court has ruled that the U.S. Treasury’s sanctions against Tornado Cash smart contracts are unlawful, marking a pivotal victory for cryptocurrency privacy and open-source technology advocates. Paul Grewal, chief legal officer at crypto exchange Coinbase (Nasdaq: COIN), hailed the decision as a landmark win for liberty and innovation. He shared on social media platform X this week:
Privacy wins. Today the Fifth Circuit held that U.S. Treasury’s sanctions against Tornado Cash smart contracts are unlawful. This is a historic win for crypto and all who cares about defending liberty. Coinbase is proud to have helped lead this important challenge.
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- Bitcoin Bullets® Trading
📌$FIL/USDT (LONG)
Leverage: 5-10x
4.618
4.660
4.750
4.900
5.100
5.500
6.000
Profit: 350% (10X)🥂🔥
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- Bitcoin Bullets® Trading
📌$THETA/USDT (LONG)
Leverage: 5-10x
1.5180
1.5250
1.5400
1.5700
1.6000
1.8000
2.0000
Profit: 465.3% (10X)🥂🔥
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📌INSIDER UPDATE
🇺🇸 Elon Musk says the IRS will be audited by the Department of Government Efficiency (DOGE).
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Bitcoin Bullets® Trading
📌INSIDER UPDATE
🥇 Michael Saylor of MicroStrategy, $MSTR, has officially presented to the board of Microsoft, $MSFT, to adopt Bitcoin.
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Bitcoin Bullets® Trading
📌$AUCTION/USDT (LONG)
Leverage: 5-10x
14.150
14.250
14.400
14.800
15.500
16.000
18.000
20.000
Profit: 530.6% (10X)🥂🔥
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- Bitcoin Bullets® Trading
$BTC Market Analysis
BTC is showing a strong rebound after retesting the triangle pattern, signaling a potential continuation of its upward momentum.
For this bullish trend to gain further confirmation, the price must decisively break through the all-time high resistance zone. A successful breakout would validate the continuation of the upward trajectory, reinforcing confidence among bulls and paving the way for new highs.
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Bitcoin Bullets® Trading
📌INSIDER UPDATE
🇺🇸 Elon Musk’s DOGE partner Vivek Ramaswamy says they’ll scrutinize $6.6 billion Biden loan to Tesla rival Rivian
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Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
NOVEMBER 30th, 2024
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⚪️TECHNICAL (H1)
On the H1 timeframe, the price action is consolidating within a symmetrical triangle pattern, showing signs of a potential bounce from its support trendline. 📐📊
This indicates that the trendline is acting as a key support level, providing a base for a possible upward move if the price sustains this level. Continued consolidation within the triangle could lead to a breakout in either direction. 🔄📈 / 📉
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$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit: [VIP ONLY]
(+-9.47 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
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Bitcoin Bullets® Trading
$BTC Market Analysis
BTC is currently retesting the triangle pattern. A successful breakout and retest would serve as a bullish confirmation, signaling potential upward momentum.
However, if a candle closes back within the triangle, it may indicate further consolidation or continued price movement within the pattern.
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Bitcoin Bullets® Trading
VIP NEWS
Putin Signs Law Declaring Crypto as Property in Russia
Russia officially declares cryptocurrency as property, unleashing groundbreaking tax rules: mining exemptions, progressive income taxes, and steep corporate levies starting in 2025.
Crypto Officially Property in Russia After Putin Signs Landmark Law
Russian President Vladimir Putin has signed a law officially designating digital currencies as property, laying the groundwork for taxation and regulation within the sector. Announced on Nov. 29, the law recognizes digital currency for foreign trade transactions under an experimental legal framework, marking a significant shift in Russia’s approach to cryptocurrency oversight.
Under the new law, mining and selling digital currencies are exempt from value-added tax (VAT), and no taxes apply to organizations facilitating transactions within the experimental regime.
However, mining operators must report users of their infrastructure to tax authorities, with noncompliance leading to a penalty of 40,000 rubles ($382.78). Revenue earned from mining is classified as non-cash income and subject to standard income tax rates.
This classification requires that mining expenses be deducted before determining taxable income.
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- Bitcoin Bullets® Trading
📌$ARB/USDT (LONG)
Leverage: 5-10x
0.7192
0.7250
0.7400
0.7600
0.8000
0.8500
0.9000
Profit: 383.8% (10X)🥂🔥
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- Bitcoin Bullets® Trading
$BTC Market Analysis
BTC has broken out of the triangle pattern and is currently retesting the breakout level above it. A successful retest at this level would serve as a strong bullish confirmation, signaling a potential continuation of the upward momentum.
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Bitcoin Bullets® Trading
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📌INSIDER UPDATE
🇺🇸 "President Trump’s administration reportedly plans to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies," per CryptoSlate.
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Bitcoin Bullets® Trading
Bitcoin Bullets® Market Analysis
NOVEMBER 28th, 2024
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⚪️TECHNICAL (H3)
On the H3 timeframe, the price action has successfully flipped its resistance levels into support, leading to an upward price movement. 📈✅
Currently, the price is consolidating above its horizontal support zone, marked between $94,662 and $94,098, indicating potential strength and a possible continuation of the bullish trend. 🔄📊
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[VIP ONLY]
$BTC DAILY RANGE:
📈Upper Limit: [VIP ONLY]
📉Lower Limit: [VIP ONLY]
(+-9.47 based on moving average volatility open/endpoints)
📌SCALP ENTRIES (VIP)
(*Advanced traders only - moderate/high risk)
🔵LONG
💲[VIP ONLY]
🔴SHORT
💲[VIP ONLY]
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Bitcoin Bullets® Trading
$BTC Market Analysis
BTC has demonstrated a precise rebound from the support trendline of the triangle pattern, signaling a potential continuation of its current trend.
A breakout followed by a successful retest of the triangle's upper boundary is required for a bullish confirmation. Until a decisive breakout or breakdown occurs, further price movement within the triangle is anticipated as the pattern matures.
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Bitcoin Bullets® Trading
VIP NEWS
Ripple Drops $25M to Champion Crypto-Friendly Policies
Ripple boosts Fairshake with another $25M, amplifying its push for crypto-friendly policies and challenging regulatory overreach to solidify its leadership in innovation advocacy.
Ripple Doubles Down on Fairshake With Third $25M Contribution
Ripple has reaffirmed its dedication to fostering innovation-friendly policies by contributing $25 million to Fairshake, a bipartisan Super PAC supporting pro-crypto candidates. CEO Brad Garlinghouse described the group as a vital force in advancing pro-growth policies in Washington, D.C., stating:
Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history. Electing pro-crypto, pro-growth, and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards!
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- Bitcoin Bullets® Trading
📌$SNX/USDT (LONG)
Leverage: 5-10x
1.847
1.870
1.900
1.950
2.000
2.300
2.500
Profit: 416.5% (10X)🥂🔥
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- Bitcoin Bullets® Trading