Michael Saylor's Trillion-Dollar Plan

CRYPTO
Blackrock CEO, Larry Fink Endorses Bitcoin’s Growth

Larry Fink, CEO of BlackRock, views Bitcoin as a legitimate and growing asset class, positioning it alongside commodities like gold. He believes Bitcoin has established itself as an investment category, noting that its broader acceptance and liquidity, rather than regulatory changes, will drive its future growth. With BlackRock’s Bitcoin ETF seeing inflows of $23 billion, Fink emphasized the increasing investor confidence in digital assets.

Fink also discussed the transformative potential of blockchain technology in global finance, predicting that it will play a crucial role in expanding digital markets. He downplayed the impact of political or regulatory shifts, focusing instead on transparency and liquidity as the key factors that will enable Bitcoin and other digital assets to thrive. Fink envisions a future where blockchain, combined with advanced analytics and artificial intelligence, reshapes financial systems globally, reinforcing Bitcoin’s position as a credible investment tool.

CRYPTO
Michael Saylor's Trillion-Dollar Plan

Michael Saylor, founder and executive chairman of MicroStrategy, has a trillion-dollar vision for his company. His goal is to transform MicroStrategy into the leading Bitcoin bank, dealing in Bitcoin-related capital market instruments such as equities, convertibles, fixed income, and preferred shares. Saylor believes Bitcoin is the top-performing asset of the century and views its volatility as an attractive feature for investors seeking high returns.

He envisions MicroStrategy securing $20 billion in convertible debt, $20 billion in preferred stock, and $10 billion in various forms of debt, allowing the company to amass up to $150 billion in Bitcoin. From this position, Saylor predicts MicroStrategy could reach a valuation of $300-$400 billion and dominate the equities and options markets.

Central to his plan is the idea of borrowing money to buy more Bitcoin. Unlike traditional banks, MicroStrategy won’t lend Bitcoin but will instead use debt to increase its Bitcoin holdings, expecting annual returns of 30%-50%. Saylor believes this strategy could eventually turn MicroStrategy into a trillion-dollar company, with Bitcoin's value projected to soar to $13 million per coin by 2045 as its share of global financial capital rises from 0.1% to 7%.

NVIDIA
Nvidia Hits Record High

Nvidia shares hit a record high on Monday, closing at $138.07, surpassing its previous peak of $135.58 from June. The stock has surged nearly 180% this year and skyrocketed over nine-fold since early 2023. This surge is fueled by Nvidia’s pivotal role in the AI boom, which gained momentum with the launch of OpenAI's ChatGPT in late 2022.

Nvidia's GPUs, essential for creating and deploying advanced AI models like ChatGPT, are being purchased in massive quantities by major tech giants such as Microsoft, Meta, Google, and Amazon. These companies are building vast AI infrastructures, with Nvidia capturing around 95% of the AI chip market.

Nvidia’s revenue has more than doubled in each of the past five quarters, and it projects continued strong growth. Analysts expect 82% revenue growth, reaching $32.9 billion by the end of October. Nvidia's next-generation AI GPU, Blackwell, is also expected to drive billions in future revenue.

APPLE
Apple Shifts Away from Annual Product Releases

Historically, Apple has followed a predictable pattern: unveiling new software at WWDC in June, and launching hardware, such as iPhones, iPads, and iMacs, in September and October. However, as Apple’s product lineup has grown—now including AirPods and Apple Watches in various sizes—the company is finding it increasingly difficult to sustain yearly updates for each product.

Bloomberg notes that some devices, like the Apple Watch Ultra and iPhone SE, don’t necessarily need annual refreshes. This evolving strategy reflects a broader trend where Apple has already begun diverging from its typical timeline. For instance, in January 2023, the company released the HomePod, followed by the 15-inch MacBook Air in June 2023, and new iPads in May 2024.

One reason behind this shift is the growing challenge of not only upgrading hardware but also providing timely software updates across its wide range of platforms, including iOS, macOS, visionOS, watchOS, tvOS, and iPadOS. Apple has struggled with delays in software features, sometimes launching incomplete products and rolling out missing elements later.

Meme of the day

Word of the day
Taciturn
Taciturn is a formal word that describes someone who tends to be quiet or who tends to speak infrequently.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.