Last year, all Bitcoin Treasuries took a massive hit, and my short-term bet on Metaplanet $3350 (+1.38%) didn’t pan out. To be honest, I didn’t like the way the international stock offering was handled at all, and what recently came to light regarding executive compensation and transparency in communication could have put an end to the whole thing for good.

Metaplanet was also unable to ride the wave of the latest Bitcoin $BTC (+0.1%) rebound, while competitors like Strive $ASST (+8.16%) are clearly better positioned for the moment, and this is directly reflected in their mNAV and, consequently, their stock price. Even the giant Strategy $MSTR (+0.75%) managed to outperform.

However, I believe this is precisely where the opportunity currently lies. Contrary to my short-term speculation, my long-term thesis regarding the Treasuries—and Metaplanet in particular—remains completely intact.

Through the acquisition of the U.S. subsidiary SuperLeague $SLE and the confirmation of the first preferred shares—which are set to be issued in October and will be tradable privately in Japan first and then publicly in the U.S. by the end of Q4—Metaplanet is now presenting the market with a first plausible basis for no longer underperforming in the future.

I believe that the recent FUD surrounding management is still weighing on the stock price and see this as an opportunity to continue accumulating shares, as I have been doing since August. In my opinion, over a 10-year period or longer, with a portion of the portfolio diversified globally across leading BTC treasuries, it’s possible to achieve a massive outperformance relative to the broader market and a moderate outperformance relative to spot BTC. It’s something worth considering at least once.

And hey, maybe something will even come of the German $WDL1 turn out to be something.😅 But even I’m watching that one from the sidelines.

$SWC
$ALTBG (+3.49%)

Imagine you’ve been investing for years in accordance with current law. You hold onto your Bitcoin for more than 12 months, plan for the long term, and build wealth.

Now, this very rule is under scrutiny.

The Bundestag petition to maintain the one-year holding period for Bitcoin and other cryptocurrencies has reached the required quorum. The issue will now be taken up by the Bundestag’s Petitions Committee. (Epetitionen⁠)

Whether you own Bitcoin or not—this is about something more fundamental:

How reliable are the rules of the game for long-term investors?

For me, Bitcoin isn’t a lottery ticket.

I buy regularly, think in terms of decades, and consciously accept the volatility.

If the government changes the rules retroactively, it doesn’t just affect Bitcoin. It affects confidence in Germany as an investment destination as a whole.

You can love Bitcoin.

You can hate Bitcoin.

But legal certainty shouldn’t be up for debate.

I’d like to hear your opinion:

Should the one-year holding period remain in place, or should crypto gains always be taxed in the future, regardless of the holding period?

I’m looking forward to hearing your arguments. Please keep it objective—the issue at hand is more important than any price fluctuation.

#Bitcoin
#BTC
#Krypto
#Investieren
#Steuern
#Finanzbildung
#Langfristig
#Vermögensaufbau
#Blockchain
#deutschland

$BTC (+0.1%)
$ETH (+0.28%)
$SOL (+0.36%)
$XRP (+0.16%)
$DOGE (+0.25%)
$PEPE (-1.13%)
$COIN (+3.5%)
$MSTR (+0.75%)
$3350 (+1.38%)

Hello, community,

I could really use some help from the smart folks in the community.

I’d like to downsize my portfolio, but unfortunately, I’m really having a hard time choosing—and I’m wondering if I should sell a few shares of some tech stocks and use the cash to further increase my holdings in the ones I already own.

After much thought, these 6 candidates are on my shortlist:

$3350 (+1.38%) Metaplanet (it was pure FOMO), but also the smallest speculative position

$SNPS (+0.73%)

$UNH (+0.25%)

$MSFT (-2.14%)

$GRAB (-0.13%)

$NU (+2.95%)

What do you think of my selection, or which stocks would you have chosen instead?

I’d love to hear lots of opinions.

Best regards

Bitcoin has been declared dead 464 times by experts.

Mind game (pure math, no opinion):

Invested $100 after every "Bitcoin is dead" article.

Result:

• Declarations of death: 464
• Total investment: 46,400 $
• Portfolio today: ~71.5 million $ 😂

Line diagram

• X-axis: Number of "BTC is dead" articles
• Y-axis: portfolio value
• → steadily rising, with short setbacks

Conclusion:

Bitcoin had hundreds of alleged endings.

None of them was the end of its performance.

$BTC (+0.1%)
$ETH (+0.28%)
$SOL (+0.36%)
$MSTR (+0.75%)
$3350 (+1.38%)

#crypto
#growth
#blockchain

Well, it turned out to be nothing after all...

but well, that's part of it. I've decided to always sell at -20%, no matter what I hope to achieve with the company, so that the same mistake I made with $3350 (+1.38%) happened again.

Now the only question is: where to put the money? Does anyone have a great stock up their sleeve that is interesting?

Bought another 5 Strategy shares today.

P/E ratio 2.21 for ING - almost looks like a typo, but it's not.

Operating business in place, cash flows there,

plus strategic Bitcoin exposure on top -

and the market is valuing it like a discontinued model.

Either I'm missing something fundamental here

or patience is once again being tested to the max.

No gambling, no all-in.

Just collect consistently and wait,

until valuations have something to do with reality again.

$MSTR (+0.75%)
$BTC (+0.1%)
$3350 (+1.38%)
#bitcon
#crypto
#growth

Gold and silver are often presented as if they were:

• immune to interest rates
• independent of monetary policy
• free from sentiment

In practice, they react:

• sensitive to real interest rates
• brutally to dollar strength
• and just as emotional as everything else

The difference: with precious metals, volatility is simply called "patience".

"Gold is stable in value"

Yes, in the very long term.

A savings book was also nominally stable for decades - but unfortunately worthless in real terms.

If you buy gold, you buy:

• no cash flow
• no growth
• no innovation

But the hope that someone else will buy it later at a higher price.

That's not an accusation - it's simply the model.

Silver - the eternal little brother

Silver is at the same time:

• Store of value
• industrial metal
• economic indicator

A bit of everything - but nothing really.

When it rises, it is "the new gold".

When it falls, it was suddenly "cyclical anyway".

Very convenient.

And then there's Bitcoin

Not a metal. No myth. No storage costs.

No opening hours. No central storage. No arbitrary expansion.

A firmly defined range.

An open, verifiable system.

An asset that nobody controls and everyone can check.

But of course: far too risky.

It's interesting how often "security" is confused with "familiarity".

Conclusion

Gold and silver have their role.

What they are not: infallible, without alternative or morally superior.

Anyone who pretended last week that there was only one truth,

is learning once again that markets know no dogmas.

Perhaps the fault lies not in the asset -

but in the need to always want to be right.

$4GLD (-0.54%)
$IGLN (-0.64%)
$GLDA (-0.48%)
$SGLD (-0.63%)
$SSLN (+0.74%)
$PHAG (+0.82%)

$BTC (+0.1%)
$MSTR (+0.75%)
$3350 (+1.38%)
#bitcoin
#silver
#gold