What's worst case scenario for Bitcoin's price in the short term?

Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!

📅 Today

Pump Fun Removes Live-Streams.

Over the weekend, Solana memecoin launchpad pump.fun faced backlash after violent and offensive livestreams circulated on social media.

The streams included threats of violence by token creators and shock content designed to manipulate coin prices. By Monday, the platform temporarily disabled its livestream feature.

Despite the controversy, it reported $14.3 million in revenue on Saturday, nearly tripling its previous record.

We view this as a net-positive for the industry.

Should You Buy Microstrategy shares?

MicroStrategy stock, $MSTR, just fell a MASSIVE -35% from its peak seen on November 21st.

That's ~$30 BILLION of market cap erased in 4 trading days as #Bitcoin fell ~9% from its high.

Over the last 2 months, $MSTR has out performed Bitcoin by almost exactly 3 times.

While Bitcoin is up ~62%, $MSTR is up 181%, and this is expected.

However, over the last few days, this correlation has broadened and $MSTR is now trading with significantly more volatility.

We do not recommend our audience buying Microstrategy shares for the long-term, at a 3x premium to BTC.

Despite the correction in the stock, buying BTC should have better risk-adjusted returns than Microstrategy over the long term

Once volatility reduces for the stock, convertible bond holders will no longer be interested in the gamma play, and it will be game over for the stock, as we could see the stock correct by as much as 75%. However, the timing of this happening is uncertain, because of which we recommend staying away from the stock.

Credits : The Kobeissi Letter

• Weekly on-chain insights.

• 3-5 altcoin chart setups.

• In-depth Bitcoin price updates.

• Occasional in-depth reports on altcoin gems.

• VC funding roundups.

• Market cycle insights.

• Premium Telegram trading group, and more.

🌎 Other News

• OpenAI secures $1.5 billion in funding from SoftBank. Read more

• Tornado cash sanctions reversed by the SEC. Read more

• Microstrategy erases $30 billion value in a single day. Read more 

• NATIX Network Enhances Tesla Cameras for Data Collection. Read more

• Jim Cramer turns bullish on Bitcoin & Ethereum. Read more 

📕 Educational

History does not always repeat, but it often rhymes!

November 2020:

• $BTC started at $13,500

• 🚀 Surged to $19,500 (+43%) in 23 days

• 📉 Dropped to $16,200 (-17%)

• Consolidated…

• 💥 Broke $20,000in December

November 2024:

• $BTC started at $69,000

• 🚀 Surged to $99,750 (+44%) in 23 days

• 📉 Dropped to $91,000?

• Consolidated…

• 💥 Broke $100,000 in December?

Extrapolating this, the worst case scenario according to us is : BTC falls to $80,000 and then breaks $100,000.

However, it is likely that BTC does not retrace so deep too.

The point is, if you see BTC below $80,000 — YOU CAN BUY!

Credits : Quinten

📊 Stat of the day

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.

Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.