MSTR: The Ballistic Acceleration Model
Introduction
What happens when a rocket scientist takes on Wall Street?
Meet Michael Saylor, the man who may just have designed the ultimate weapon to combat inflation and fix our broken money.
This article covers:
1. Michael Saylors and MicroStrategy’s back story and business model (ideal for those new to MSTR and trying to understand).
2. The relationship between Bitcoin and MSTR (i.e., a 2nd-order polynomial in log-log space, indicating that MSTR will accelerate rapidly as the Bitcoin bull run continues).
3. The potential direction of MSTR’s price and market cap during the next Bitcoin bull run and beyond (could it claim the #1 market cap by the end of 2025?).
Based on the analysis detailed in this article, we’ve created a handy live dashboard to help you determine whether MSTR is overvalued or undervalued. You can view it here.
Michael Saylor: Rocket Scientist & Financial Engineer
Michael Saylor grew up on Air Force bases around the world. With a full scholarship from the Air Force, he earned degrees in aeronautical and astronomical engineering and the history of science.
It’s safe to say Saylor knows a thing or two about making things accelerate quickly.
Saylor had hoped to be a pilot but couldn’t due to a medical condition. After graduating from MIT in 1987, he focused on computer simulation modelling.
With $250,000 seed funding from Dupont, he started the business intelligence company MicroStrategy, which has since provided services to household names, including McDonalds, eBay, Microsoft, Enron, and many more.
MicroStrategy’s Early Days: From Start-Up to Dot-Com Survivor
In 1996, Saylor was named High Tech Entrepreneur of the Year, Software Entrepreneur of the Year in 1997, and named amongst the Top 10 Entrepreneurs in 1998.
In 1998, he took MicroStrategy public, and its share price rose dramatically to $313, only to crash in the 2000 dot-com crash.
Since then, Microstrategy has operated as a successful, enduring business intelligence company, but its share price never reached the highs of 2020… until Saylor pivoted the business model. Now, MSTR is set to become the biggest comeback story, rising like a phoenix bursting violently from the ashes.
Bitcoin to the Rescue: How MSTR Escaped the Inflation Inferno
Like most people, Saylor initially dismissed Bitcoin. But during the 2020 COVID lockdowns, Saylor had his ‘come to Bitcoin’ moment.
Sitting on $0.5b of hard-earned cash, he realised he had an emergency. The proceeds of his career were ‘melting’ due to rapid inflation caused by quantitative easing.
After surviving the dot-com crash by the skin of his teeth, he was desperate to find a durable asset to store his company’s precious funds, which he had spent his career building. He studied art, bonds, and gold and eventually realised that Bitcoin was the solution.
On 11 August 2020, he converted MicroStrategy’s cash reserves into a Bitcoin treasury, and the rest (will be) history.
“Once I understood Bitcoin, I would go to bed with anxiety at night feeling short because I worried somebody else would figure out what I figured out and they would buy it all, and I wouldn’t be able to buy anymore.” Michael Saylor
MSTR’s Transformation: From Business Intelligence to Bitcoin Pioneer
Since its genesis on 3 January 2009, Bitcoin has morphed with each successive halving cycle:
· from a cypherpunk hobby (Hal Finney etc),
· to gambling and illicit activities (Silk Road),
· to small investors who saw the potential and were willing to buy Bitcoin via an exchange (e.g. Coinbase and FTX).
Despite its rapid rise from Pizza Day — when, in the first financial transaction, 10,000 bitcoins were exchanged for two large pizzas on 22 May 2010) — big money still couldn’t access Bitcoin's outsized returns.
However, once MSTR switched its treasury to Bitcoin, it became the easiest way for larger investors to get exposure to Bitcoin. Now, all they had to do was buy MSTR on the NASDAQ. MSTR became the first de facto bitcoin exchange-traded fund (EFT) (three and a half years before BackRock’s IBIT ETF, their fastest-growing fund ever). Investors concerned about inflation caused by government debt started investing in MSTR.
Responsible Leverage
Saylor says he continually heard from shareholders that their main concern was owning more Bitcoin per share. So, as a listed company that could borrow at 0.8%, MSTR started by securing “responsible leverage” to buy more Bitcoin, which made MSTR an even more attractive investment for big money wanting exposure to Bitcoin.
“What’s better than bitcoin? More bitcoin”
At the Market Share Sales
More recently, in August 2024, MicroStrategy started selling shares at the market (ATM) and used the proceeds to buy more Bitcoin. This increased the value of the shares, so they could sell more shares at a higher price and buy more Bitcoin.
Higher Bitcoin prices → Higher MSTR share price → more capital raised through ATMs → more Bitcoin purchases → higher bitcoin price (repeat).
Most companies pay dividends to offload toxic cash, which would otherwise melt at the rate of the increase in money supply (i.e., approx. 7-10% p.a.). For any other company, selling shares to raise funds would dilute shareholder value. However, for MSTR, issuing more shares to sell ATM to buy Bitcoin is ‘accretive,’ thus increasing Bitcoin per share, perceived shareholder value, and MSTR’s price, which enables them to issue more ATM shares… and the cycle repeats.
The green dots on the chart below (from SaylorTracker.com) show when MSTR purchased more Bitcoin. Importantly, the size of these BTC buys is accelerating — getting larger and more frequent!
As shown in the chart below (from MSTR-Tracker.com), the bitcoin per share continues to increase despite the increasing number of shares.
Over the past four years, this innovative strategy has put MSTR's returns ahead of every other investment, including NVIDIA and bitcoin. MSTR’s outperformance has occurred despite BTC suffering a massive drawdown from its 2021 peak and eight months of sideways action from March 2024 until the US presidential election.
Investors like pension and hedge funds noticed MSTR’s outsized returns and bought more, increasing the price of MSTR. While many retail investors are confused about what MSTR is doing and how they make their money, some of the largest holders of MSTR are active investors like Capital International Investors (who hold 9.6% of MSTR’s outstanding shares) and Morgan Stanley (who hold 5.2% of MSTR’s shares).
Bitcoin Treasury Operations
But today, MSTR has moved beyond being merely a Bitcoin holding company or ETF.
Saylor explained in their Q3 2024 earnings call that their current operations are similar to those of an oil refinery company that takes crude oil and makes everything from jet fuel to asphalt.
The value of an oil refinery (e.g., Standard Oil) does not lie in the oil it holds but in its unique ability to refine the oil to create derivative products that many people want. MSTR is a Bitcoin refinery: just as crude oil becomes jet fuel, MSTR turns raw Bitcoin into a growing array of financial products investors crave.
MSTR packages its $36b+ of raw bitcoin into products that appeal to various market segments. Options and leveraged ETFs (MSTX and MSTU) are available for investors who want high risk and return. Meanwhile, those who prefer lower volatility can access convertible with most of Bitcoin's upside with limited downside.
“There’s a phrase in Wall Street: when the ducks are quacking, feed the ducks. If the ducks want to buy convertible debt, give them convertible debt. If they want to buy equity, give them equity.” Michael Saylor
MSTR now offers bitcoin-backed bonds for risk-averse investors that outperform bitcoin (i.e., average 90% returns vs. 47% for bitcoin). Why would anyone buy US Treasury bonds to get 5% returns when they could buy MSTR bonds and get 90%? As smart money chases the best returns, it’s easy to see how more individuals, companies, and countries will turn to Bitcoin-backed securities.
What Is MSTR Worth? Decoding Its Value
“What is MSTR worth?” is a hot topic. Most traditional investment firms and retail investors still struggle to understand why it’s worth 2.4 times the current value of its Bitcoin holdings.
But for MSTR, a high maximum net asset value (mNAV) is a feature, not a bug.
A high mNAV allows them to sell more shares and thus buy more bitcoin, which increases the BTC per share and, hence, the perceived value of MSTR, which raises the MSTR price, which enables them to yield more money from their ATM (and the cycle repeats).
An mNAV of 3 enables MSTR to sell shares in exchange for fiat dollars in the equity market and convert them to Bitcoin that is worth 300% more than the fiat extracted from the equity market. That is, they’re magically creating three worth of bitcoin for every dollar extracted from the equity market.
Due to intense competition keeping miners on the edge of profitability, Bitcoin mining costs are similar to the BTC price; MSTR mines BTC at less than half the cost! MSTR is perfecting financial alchemy, turning fiat into digital gold that is significantly more valuable!
The fact that the price of MSTR continues to rise faster than Bitcoin suggests that those who understand what’s going down believe it has a bright future.
Educating Bitcoiners
Saylor has been incredibly generous in educating people about Bitcoin's value. Since 2020, he has been Bitcoin’s #1 evangelist and educator, following in the footsteps of Hal Finney and Andreas Antoopolus.
Understanding Bitcoin takes some time. However, once you understand Bitcoin, you can appreciate the MSTR playbook. Thus, many Bitcoiners quickly become MicroStraetgy evangelists and investors.
I was initially orange-pilled by RFK Jr’s speech at Bitcoin 2024.
I then watched this video from Saylor at the Nashville Bitcoin Conference and went down the rabbit hole with everything else I could find from Saylor, including the Bitcoin Standard, which is what originally orange-pilled Saylor.
I became enamoured with Giovani’s Bitcoin power law and spent a ton of time trying to understand where Bitcoin might go in the coming years. But this video with the MSTR True North crew was my MSTR “ah ha” moment.
Decoding the Bitcoin-MSTR Relationship
With the background out of the way, let’s get to the meat of this article:
· What is the relationship between Bitcoin and MSTR? and
· How much could MSTR grow in the future?
Rather than the current value of MSTR’s Bitcoin holdings, we need to consider the:
· potential future increase in Bitcoin's value,
· income from its derivative products and
· company's potential to dominate digital capital in the future.
Unfortunately, no historical precedent exists for valuing what MSTR is doing.
How do you value what appears to be a fiat black hole?
You can’t!
But in trading, “the trend is your friend.” Per Newton’s First Law of Motion, things in motion tend to stay in motion.
MSTR and BTC move together
The first chart in our analysis shows how BTC and MSTR prices have moved together since 5 July 2022.
BTC vs MSTR Price
The simple linear plot of BTC vs. MSTR shows some relationship, but with an R2 of 86.3%, it’s not great. As you can see from the data in the top right, the simple linear relationship underpredicts MSTR when the BTC price rises (note how the trend line is below the data points in the top right corner).
However, if we plot a second-order polynomial on the chart of LN BTC price vs. LN MSTR, we get an R2 of 0.974 with an Akaike Information Criterion (AIC) of -679. The high R2, low AIC, and high F-Stat suggest that this model has strong predictive power.
For comparison, I’ve also shown the simple linear regression in log-log space (blue line in the chart above). While the linear regression is likely more robust, it doesn’t fit the recent data well. However, the linear relationship is still valuable as it could serve as a conservative estimate to balance out the bullish polynomial.
The table below summarises the eight models tested for completeness. When you see the crazy projections below, remember that we eliminated the two models with the highest predictive power, which would have predicted even higher future values!
BTC vs MSTR Market Cap
The chart below shows we can use the same approach to model the MSTR market cap using the BTC price with an excellent model fit.
Projecting MSTR based on BTC price
The chart below shows how we can forecast future MSTR prices based on assumed BTC prices. When BTC reaches $200k, which is possible in the next bull run, MSTR could reach $4.3k. For an interactive version of this chart, check out the MSTR Ballistic Acceleration Model here.
When we look at the market cap, we see that MSTR could climb to the top of the leaderboard of US companies if BTC reaches $250k.
But is this realistic? Won’t the value of MSTR be bigger than Bitcoin?
In the following chart, I’ve added MSTR as a proportion of the BTC market cap. This suggests that MSTR could be worth more than half BTC if the polynormal regression continues.
While this seems somewhat ludicrous if you see MSTR as just a Bitcoin holding company, it makes a bit more sense if you understand that MSTR will own an uncatchable position in ‘cyber Manhattan’—the place where everyone wants to be in the future—and will be able to offer financial services backed by Bitcoin.
Who knows what’s possible for a company that positions itself to be at the centre of the future of global finance? Saylor literally wrote the book on creating a competitive moat in a technology niche, so he’s undoubtedly considering maximising the business value of MSTR’s future BTC holdings.
All Your Models Will be Destroyed
Over the past 15 years, bitcoin has followed a sustainable power growth pattern. In contrast, accelerating polynomial growth is NOT sustainable!
When does Saylor’s Ballistic Bitcoin Godzilla run out of food to eat? Maybe once he’s consumed nearly all the surplus wealth in equities, real estate, gold, and bonds.
In a recent presentation, Saylor suggested that BTC could increase from 1% to 7% of the world’s wealth. If there are 900T worth of global assets, half of that could be moved into bitcoin. MSTR volatile flywheel will likely help speed that process up (a lot).
Eventually, once Bitcoin approaches saturation point and full adoption, its growth may asymptote and follow a Weibull cumulative distribution rather than power-law growth. But it continues on its power law trajectory with no signs of slowing in the near future. Similarly, MSTR’s growth will have to taper off at some point. But the data to date indicates we’re still very early!
The Ballistic Acceleration Model
On 14 Nov 2024, Saylor tweeted, “Bitcoin is going ballistic”.
While Bitcoin Twitter has plenty of hopium and hyperbole, I think Saylor knows precisely what he’s designed with MSTR. As a rocket scientist, he knows what ballistic means.
In a recent interview with Natalie Bruenell, in which he frequently used the ‘blasting up’ analogy post-election, Natalie asked ‘What is the most misunderstood thing about you.” Saylor replied,
“People think I’m a trader. I’m not a trader; I’m an engineer… I’m not trading! I’m engineering a better world… People who don’t understand it’s perfect money. I was engineered to win. How do you know it’s going to win? Well, how do you see the plane’s going to fly? How do you know the gun’s going to fire? How do you know the stairs are going to work? It’s because I’m an engineer, and that’s what engineers do! We build stuff! We build rockets.”
As shown in the ballistic flight equations below, when we launch a projectile, it has a constant horizontal speed (i.e., the BTC price). Meanwhile, the vertical height (MSTR) is a function of the horizontal speed and time squared.
It appears that Saylor has intentionally designed a financial instrument to move faster than BTC. But this ballistic Godzill relationship can’t continue forever because it will eventually consume a significant component of the fiat financial system and have nothing left to eat.
Understanding if MSTR is Over/Under Valued
Investing in MSTR is not for the faint of heart. While most fund managers try to optimise for a sharp ratio with a low standard deviation and predictable returns, Saylor embraces the motto “volatility is vitality.” He knows that his clients who buy convertible bonds and trade options on MSTR crave volatility, which brings more money into MSTR shares. He even teases people to short MSTR.
Since starting its ATM selling strategy in August 2024, MSTR has been on a screaming ascent, from $113 in early September to a peak of $543 on 21 November 2024. The chart below shows that a rapid rebound to higher highs follows every heavy sell-off.
MSTR seems to understand that ATMs harvest fiat for the money of the future and create more volatility, which they can monetise.
While shorting MSTR is like playing chicken by stepping in front of a freight train, we can use the ballistic model to understand when it is overbought or underbought. The blue line in the chart below shows the ratio of the MSTR actual price to the MSTR model price.
Notice how MSTR started racing ahead of the BTC-predicted price in October. Only with the recent sell-off has the indicator dropped to less than 100%! While the ballistic model might look optimistic, MSTR has outpaced most of the time!
I can imagine how the MSTR might monitor an indicator like this and hit the ATM button when the price rises above the trend, knowing that it will only bounce back higher.
Check out the interactive chart here to see if MSTR is currently above or below the ballistic acceleration trend line. Any time the red dot (current price) is below the trend line, it's a good buying opportunity.
Bitcoin’s Trajectory: Predicting the Next Ascent
So now, if we have a view of Bitcoin's future direction, we can project MSTR's future price.
Over the past 15 years, Bitcoin has followed a power-law trend that is likely to continue until it becomes the dominant storage vehicle for wealth worldwide.
As shown in the chart below, Bitcoin's market cap recently surpassed silver (a store of value for 6000 years). If the power law trend continues, BTC will likely surpass Apple sometime next year and gold in the foreseeable future.
Since its genesis, Bitcoin’s price action has been punctuated by periodic exponential spikes followed by crashes, which appear to be driven by:
· Bitcoin halvings,
· The US presidential election,
· Annual trends (rebalancing, holidays, etc) and
· Global liquidity cycles.
Halving Cycles
The chart below shows the historical oscillation around the power law trend around each bitcoin halving cycle.
Election Cycle
We also see a similar trend with the US presidential election. Before the election, investors are cautious, but they become more confident and exuberant once the funds flow.
Annual Cycle
We also see a subtle annual cycle, which revolves around holidays and portfolio rebalancing for tax purposes. As the chart below shows, Bitcoin often sees lows in September and significant run-ups in October.
It’s worth noting that the election and halving cycles were synced in the early days. However, because the halving cycle is not exactly four years, this alignment will fall out of sync in the future. However, we can estimate halving dates and know when the future elections will be.
Liquidity Cycle
Bitcoin's cycles have traditionally been heavily influenced by the global liquidity cycle, which has coincided with the four-year halving cycle over the last 15 years.
M2 has been trending down since October 2024 as central banks tighten their monetary policy. Despite this handicap, Bitcoin has risen by more than 40% since the US election. The 2025 bull run will become more explosive if/when the money supply eventually increases and central bands reduce rates.
If MSTR continues to pull money from the bond and insurance markets and counties compete to buy up the available bitcoin, this cycle may not be as dependent on liquidity, but it’s still worth monitoring.
The chart below shows the data to date (red line) and extrapolated forecast using the annual, halving, and election cycles weighted to match the existing data, suggesting we could crack $1m in late 2029.
As we’ll discuss later, there’s no guarantee that these cycles will repeat or that we’ll see a drawdown in 2026. While history rhymes, this cycle may be different. But this analysis gives an idea of where Bitcoin could go — it gives us a flashlight in the dark that enables us to understand what’s realistic vs. hopium.
The chart above also shows a power law trend and quantile regression lines. Historically, it is unlikely that the Bitcoin price will go outside these ‘guardrails.’ The lower support line broadly aligns with the average cost of mining Bitcoin (electricity and computing power), so the price doesn’t fall through this floor.
Bitcoin's price has spent most of its time bumping between the support line and the power law trend, punctuated by year-long spikes driven by FOMO and leverage followed by a year-long descent.
In the past, a tweet from Elon or a single whale could move the price up or down. But with a much larger market cap today, we need companies (like MSTR, Semler, etc), ETFs (like Blackrock’s IBIT), and countries to step in and keep up with the power law.
Charting MSTR’s Future: Could It Outpace Bitcoin?
Before we discuss the MSTR forecasts, it’s important to note that the relationship between BTC and MSTR is based on 610 days of data (i.e., 5 July 2022 to 27 November 2024). As more data becomes available, we’ll better understand the relationship between Bitcoin price and MSTR and update the MSTR Ballistic Acceleration Model.
Note: This is not financial advice; I’m just a curious engineer speculating where MSTR might head based on available data to satisfy my intellectual curiosity and to try to explain what’s happening with Bitcoin and MSTR to my friends and family.
Bitcoin Price Trajectory
The chart below shows the BTC price and the forecast trajectory based on previous cycles. If history repeats, Bitcoin could reach above $330k in October 2025.
Market Cap
With a market cap of $89b, MSTR is now ranked as the 114th largest company in the US, but it’s quickly climbing the charts (see MSTR tracker for the current stats; it’s climbing swiftly).
The chart below shows MSTR’s market cap and forecast market cap using the current bitcoin price and the cycles forecast. If the accelerating log-log polynomial relationship between BTC price and MSTR market cap continues, MSTR could catch Apple late next year.
MSTR Price
Meanwhile, MSTR’s share price could go from $388 (at the time of writing) to nearly $30k late next year.
We see that if its current trajectory continues, MSTR’s share price could exceed $1000 early next year.
Will History Repeat? The Future of Bitcoin and MSTR
Aside from the massive run-up, what likely jumps out at you is the peak and the drawdown on the other side.
As mentioned earlier, bitcoin has historically followed cycles that may impact the MSTR share price in the future. But this time may be different for several reasons:
Strategic Bitcoin Reserve
It looks likely that the US will establish a strategic bitcoin reserve that aims to acquire 5% of the bitcoin supply over five years and hold it for at least 20 years. Thus, people holding Bitcoin are much less likely to sell them if they know the US government and other nations will buy regularly, regardless of the price.
MSTR 42 = 21 + 21 Plan
MSTR has announced their plans to buy $42b worth of bitcoin ‘over the next three years.’ In a recent CNBC interview, he said, “We did raise $2b to buy 27 thousand bitcoin in the first few days of November. We’re moving fairly aggressively on it. I think our exact rate will be a function of the capital markets, but they’re very enthusiastic right now. Our plan is three years, but we may do it much before then.”
I wouldn’t be surprised if Saylor unloaded the $42b on Bitcoin before 20 January 2025 and continued to do more ATMs to buy even more before the US starts buying. There’s no reason this won’t continue until the end of 2025 and beyond, and investors continue pouring money into MSTR’s stock and other products.
Other Nation States
Given the high likelihood that the US will build a national Bitcoin reserve, other countries are trying to front-run the US before the US starts buying after Trump takes office on 20 January 2025. To date, Bitcoin has surged 32% since the election.
Company Treasuries
Many companies are considering following MicroStrategy's lead by moving their treasury assets to Bitcoin to prevent people from selling their shares and buying Bitcoin or MSTR. For example, Microsoft will vote on whether they will allocate some of their reserves to Bitcoin at their AGM on 10 December 2024.
Softwar
Per Major Jason Lowery’s Softwar thesis, in the future, countries may need to own enough Bitcoin and enough of the Bitcoin block space to trade on the international markets. Hence, unlike the speculators in previous cycles, it’s unlikely that national treasuries will want to sell their bitcoin once it is acquired.
Inflation and Increasing Money Supply
It’s also likely that the US and other countries will need to keep interest rates low and increase borrowings to service their growing debt. This will create more money available in the system that will flow into Bitcoin. This, in turn, will drive inflation, and thus, moving money back to fiat will be less attractive than in previous cycles if inflation remains high or continues to grow.
Will We Break the Power Law or Following the Halving Cycles?
While it’s unlikely that the upper bounds of the power law quantiles will be broken, this bull run may stabilise and not plummet like in previous cycles. If MSTR’s fiat black hole demonetises enough of gold, real estate, the stock market, and other popular stores of wealth, there may be no better option than keeping your money in Bitcoin.
The best-case scenario for the next ‘cycle’ is for Bitcoin to rise more orderly to the upper quantile and then regress to the power-law mean. Only time will tell. If MSTR can make it to the top of the market cap leaderboard by the end of this bull run and monetise volatility if the price of BTC drops, they may weather the storm and not fall, even if the BTC drops.
Bitcoin Headwinds?
While many will ignore Bitcoin, and some governments will try to ban it or tax it out of existence in their countries (e.g., see recent papers from the European Central Bank and the Minneapolis Fed), the only way to stop Bitcoin’s growth is to fix the problem that Bitcoin solves: irresponsible borrowing and spending.
I’m sure Satoshi would be happy if Bitcoin’s growth slowed because countries reigned in their endless spending and funding forever wars with borrowed money. But this is unlikely so long as we have a system that allows politicians to increase debt to borrow from future generations to give voters and lobbyists what they demand now.
MSTR Tailwinds
As highlighted by the fantastic @MSTRTruthNorth crew, there are many tailwinds on the horizon for MSTR, including the future inclusion of MSTR in various indexes, making it obligatory for pension funds and index funds to buy MSTR, regardless of the price. This will further drive up the MSTR share price, enabling MSTR to buy more BTC, which will further drive up the price and necessitate the funds to buy even more MSTR.
MSTR or Bitcoin: Which Offers Bigger Returns?
So, is it better to buy MSTR or Bitcoin?
To help us understand, the chart below shows the returns of MSTR, BTC, gold, Telsa, and the S&P500 since MSTR implemented their bitcoin treasury in August 2021, with the projected price of BTC and MSTR.
While bitcoin in cold storage has many advantages as a savings vehicle and store of wealth in terms of self-sovereignty, MSTR is likely to provide better investment returns in the coming years. While some Bitcoiners are concerned that their Bitcoin on exchanges may be confiscated, confiscating a NASDAQ stock might be harder.
The following chart shows the compound annual growth rate (starting in August 2020) based on the cycle forecast going forward to 2030, suggesting that MSTR will outperform BTC, even if there are future drawdowns in the Bitcoin price.
While some people might sell their Bitcoin and MSTR at the (possible) peak in late 2025, they might be hard-pressed to find another investment that makes these returns over the long term. There’s also a ‘risk’ that Bitcoin and MSTR don’t see a major drawdown in 2026 and thus continue to rise, meaning they’ll have to buy back in at a much higher price.
These are certainly interesting times. While we can’t predict the future, things are happening quickly.
Conclusion: The Asymmetric Bet of a Lifetime?
In this article, we’ve used historical data to predict where BTC and MSTR may go. It’ll be fun to check back in a year to see how wrong I was (in either direction).
The key takeaway is that MSTR is turning Bitcoin into rocket fuel. The financial markets are designed to react quickly and reallocate to the best-performing assets to maximise returns.
The data suggests something big is about to go down, perhaps the biggest asymmetric bet of our lifetimes, and it may be over before most people realise what happened.
Bonus: Live Ballistic Acceleration Model
To keep abreast of the latest, make sure you bookmark our live MSTR Ballistic Acceleration Model to see what price the model predicts at each BTC price level and to track how well the model performs over time.
Got thoughts? Drop a comment below and share your perspective on where you thing MSTR is heading and how we could create better tools for you.