$Coinbase Global, Inc.(COIN)$Coinbase has acquired Deribit. Deribit is a derivatives exchange we often use and will soon be included in the S&P 500 component stocks. I look forward to the vigorous development of its derivatives business in the United States [laughing]. A good company is a friend of time.
$Strategy(MSTR)$ Big short sellers on Wall Street are buying Bitcoin and selling MicroStrategy, believing that MicroStrategy is a Bitcoin ETF but with too high a premium rate. Their operation is equivalent to buying at $1 and selling at $2.5. I don't think the accounts should be calculated this way. MicroStrategy has issued a lot of debt, which essentially adds over - the - counter leverage, so the premium isn't that high. Of course, MicroStrategy is indeed going all in by selling assets.
$Strategy(MSTR)$Many people wonder whether buying MicroStrategy is not cost-effective, especially since there are now many other similar Bitcoin companies. Let me offer a perspective: Bitcoin's mining cost is around $50,000, and MicroStrategy has been accumulating Bitcoin at an average price of approximately $70,000. Essentially, MSTR alone has absorbed nearly all newly mined Bitcoin, providing a strong pillar for Bitcoin's price stability. This is the significance of \(MicroStrategy(MSTR)\). Similarly, the Bitcoin market could use another company like MicroStrategy.
$Coinbase Global, Inc.(COIN)$Inclusion in the S&P 500 will require passive funds like index ETFs and pension funds to hold Coinbase stock. That means millions of mainstream investors will get indirect exposure to the crypto economy. Coinbase's index debut comes amid a rebound in global risk appetite. A recent U.S.-U.K. tariff agreement sparked a broad rally, pushing Bitcoin above $104,000 in early May. As equities outperform, investors are increasingly allocating to higher-risk assets, including crypto.
$Coinbase Global, Inc.(COIN)$My judgment on the cryptocurrency market is that Bitcoin still needs to have another upward movement before this stage comes to an end. As for Ethereum, although I have a heavy position in it, I have to admit that it doesn't have much technical advantage anymore. It mainly relies on its status and the foundation left by stablecoins. It's already quite good to have a few upward price adjustments. If it can reach 3600, I will close all my positions and stop trading Ethereum in contracts. Among the cryptocurrencies I've shared, only PYTH hasn't started its upward trend yet. Regarding Coinbase, after the initial hype in the primary market passed, it did experience a price increase, but I'm not ve
$Strategy(MSTR)$It has already risen above 330, moving far away from the bottom area where one could have bought at a low price. For now and in the coming period, the most crucial thing to do is to hold onto it. Don't be lured by its short - term fluctuations. For 99% of people, the frequency of trading is inversely proportional to their returns. Some people still ask whether it's okay to buy now that the price is over 300. My answer can only be "I don't know." To be more precise, even if I know, I don't want to say. Because your biggest problem isn't whether it's advisable to buy at over 300, but rather why you didn't buy when it was in the 200s. These two questions are essentially the same.
$Coinbase Global, Inc.(COIN)$Compared with MSTR's inclusion in the NASDAQ 100 index, Coinbase's inclusion in the S&P 500 index is more of a milestone for the cryptocurrency industry. Congratulations to Coinbase. This is of milestone significance. Coupled with the bull market of Bitcoin, everything is just getting started.
$Strategy(MSTR)$This week's trading operations are as follows. As mentioned last week, I closed my positions in Hong Kong stocks as soon as the market opened. Regarding US stocks, apart from taking profits on the Utilities Select Sector SPDR Fund (XLU) and having the profit protection of Microstrategy (MSTR) triggered by the pullback, I newly bought a stock, CFLT. I worked with Kafka for over a year in my previous company, so I have some understanding of this niche sector. In this niche area, CFLT is performing quite well. Although the market segment is a bit narrow, the company still has business for now. I plan to hold this stock at the weekly chart level, and the target price is around 37.
$Coinbase Global, Inc.(COIN)$Balaji Srinivasan is a renowned Silicon Valley investor, serial entrepreneur, technology expert, and futurist of Indian origin. This person is truly extraordinary. He holds undergraduate, master's, and doctoral degrees in electrical engineering from Stanford University, as well as a master's degree in chemical engineering. He served as the CTO of Coinbase. Later, he engaged in investment and preaching, and his thoughts and viewpoints have had a significant influence on the technology industry. Judging from his statements, his observational ability is indeed remarkable. In my opinion, China's AI strategy might indeed be as he described. With the open sourcing of large AI models, it's difficult
$Strategy(MSTR)$As soon as the market opened, I closed my positions. Regarding US stocks, apart from taking profits on the $Utilities Select Sector SPDR Fund (XLU)$ and having the profit protection of $Microstrategy (MSTR)$ triggered by the pullback, I newly bought a stock, CFLT. I worked with Kafka for over a year in my previous company, so I have some understanding of this niche segment. In this niche area, CFLT is performing quite well. Although the market segment is a bit narrow, the company still has business for now. I plan to hold this stock on a weekly - chart basis, with a target price of around 37.