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Bitcoin bet made on ‘pussy terms’ is about to make both parties bank

Peter McCormack looks set to pocket $20,000 thanks to a bitcoin bet made on “pussy terms” with Simplify Asset Management’s Michael Green.

Will MicroStrategy exceed bitcoin’s market cap in 2025?

MicroStrategy started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion.

Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.

Bitcoin is not only rallying after the re-election of Donald Trump but is further fueled by corporate leverage at four public companies.

Whether bitcoin will destroy all models or only some is up for debate. But for most publicized models, it seems intent on a destructive path.