The Quiet Accumulation | True North Podcast | Ep. 56 скачать в хорошем качестве

The Quiet Accumulation | True North Podcast | Ep. 56

🧭 MSTR True North episode 56: 🎛️ As of this recording, 2/18/26, Strategy's (MSTR) performance: Open: $ Close: $ Volume: M Shares mNAV: ~ Market Cap: ~ $B U.S. Market Cap Ranking: BTC: ⏱️ TIMESTAMPS & INSIGHTS: 00:00:00 - Intro agenda framing: NFA context and True North overview 00:03:01 - Bear Market Sentiment: Bitcoin Investor Week tone, stablecoin utility, and builder resilience 00:10:14 - Institutional Pricing Signal: Strategy leverage, preferred credit quality, and market confidence 00:13:43 - Conviction Over Price: Unflappable mindset, opportunity cost, and long-term Bitcoin allocation 00:17:04 - Moving Average Analysis: 200-week trend strength, Tesla comparison, and Strategy valuation reset 00:21:18 - Death Cross Dynamics: Technical lag, bottom timing risk, and Strategy mispricing debate 00:24:10 - Binary Risk Framing: Zero thesis, refinancing fears, and long-term leverage confidence 00:30:05 - Bitcoin-Gold Ratio: Relative valuation and macro positioning 00:30:00 - M2 Money Supply Framework: Bitcoin adjusted for monetary expansion and debasement baseline 00:35:35 - Correlation Breakdown: Commodities spike, multi-strat deleveraging, and Bitcoin price pressure 00:40:07 - Private Credit Liquidity Risk: Redemption halts, digital credit transparency, and STRC durability 00:47:08 - Preferred TAM Expansion: Capital stack opportunity size 00:49:14 - Supply Convergence Model: Strategy vs remaining Bitcoin issuance 00:48:50 - Bitcoin Supply & AI Shock: Issuance math and exponential disruption 00:58:00 - AI Disruption Wave: Cost collapse, software commoditization, and capital flight to Bitcoin 01:04:29 - ARR Acceleration Curve: Shortening corporate lifespan 01:09:39 - Digital Credit Durability: Yield track record and liquidity 01:11:01 - Goodwill Risk Exposure: Balance sheet fragility 01:12:51 - True North Event Preview: Macro and digital credit panels 01:16:22 - Strategy World Expectations: ATM guidance and preferred issuance 01:28:04 - Yield Competition: Stablecoins vs STRC spread 01:41:48 - Bear Market Discipline: Long-term thesis focus 01:44:08 - Regulatory Momentum: White House stablecoin meeting 01:45:27 - Agentic Adoption Thesis: AI-driven Bitcoin demand 01:46:27 - Observable Asset Advantage: Computers prefer transparent collateral 01:48:25 - Structural Bull Case: Fiscal debasement unchanged 01:49:00 - Episode Close: Vegas meetup and sign-off Be part of the True North In-Side Event experience. Tickets available here: 👉 https://luma.com/tnb4c26 Strategy World sign-up: https://www.strategysoftware.com/worl... Use discount code TrueNorth for 20% off your registration—just a little bonus for our True North community. MSTR TRUE NORTH LINKS: True North Website: https://www.mstrtruenorth.com X: https://x.com/MSTRTrueNorth 🛒 MERCH: https://thehodlshop.com/collections/t... Youtube: @MSTRTrueNorth MSTR Links: https://www.mstr-tracker.com https://saylortracker.com/ https://robinhood.com/us/en/stocks/MSTR/ https://www.strategy.com/ Disclaimer: The content in this video is for informational and educational purposes only and should not be considered financial advice. We are not financial advisors, and you should consult with a qualified professional before making any financial decisions. All investments involve risks, and you are responsible for your own decisions.