Bullish Trump Coin (BTC)

It is amazing how Strategy's machine is humming along incredibly well in 2026, raising more capital than ever (in the midst of a bear market), and somehow half of the world have their brains shut off and they think there is imminent collapse.

MSTR’s annual preferred dividend obligation is roughly $1.712B.

Sounds massive until you break it down.

There are ~252 trading days per year.

$1.712B / 252 = ~$6.8M per trading day.

At a $115 stock price, that means Strategy would need to issue about:

$6.8M / $115 = ~59,000 shares per day.

Today’s MSTR trading volume was about 15.3M shares.

So to fund the entire dividend obligation through daily equity issuance, Strategy would need to capture only:

59,000 / 15.3M = ~0.39% of daily trading volume.

Less than HALF of 1%.

Annualized, that is about 14.9M shares issued at $115.

Against ~351.7M basic shares, that is roughly 4.2% annual dilution.

The transactions are book value accretive, especially when you use CEBE to factor in the entire capital structure.

MSTR shareholders recognize that swapping shares for an appreciating asset, while being accretive, AND funding dividends are a drop in the bucket in exchange for the Bitcoin amplification STRC issuance allows.

Common shareholders are still winning.

Uninformed people see “$1.7B dividend obligation” and panic.

Rational people see a daily liquidity problem of less than 0.4% of volume and laugh.

I think at this point Bitcoin seriously needs to consider implementing a dividend or something.

Otherwise people may never be interested enough to put their money into it again, and that would be bad.

What happened to the GOLD top blasters from earlier this year? I thought gold was supposed to go to 6,500, 8,000, and beyond. Now they've either gone silent or, even worse shifted into doom-posting about crypto. Quite an interesting dynamic if you ask me.

These are the same people who said gold wouldn't experience a rotation. Well, look where we are, stocks are at all time highs while gold is bleeding. Yet the reality is that crypto is still a relatively small market asset class with a total market capitalization of only around $2 trillion. That means the rotation will eventually come but likely later, once the AI hype begins to cool off.

My guess is that this happens after the euphoria surrounding SpaceX going public as people will probably ape in at any price, and eventually it will end the same way many meme coins do in crypto—after a euphoric top is established, followed by a brutal 30–50% correction within a matter of weeks. I don't know exactly when or where this will happen, but I'll be monitoring the situation closely over the coming months.

Since there is arguably no AI-related catalyst bigger than a SpaceX IPO, we could also assume that AI enthusiasm will cool down somewhat afterward, allowing capital to rotate into the next asset class on the risk curve.

As for gold I'm watching the mid-range area around 3,790–3,800 for a potential local bottom. If gold finds support and bounces there, Bitcoin and the broader crypto market could enter the summer rally I'm expecting, fueled by excitement around new IPOs and continued risk-on sentiment.

Then once that rally ends, the AI euphoria fades and rotations begin for a period before eventually the markets will trade even lower later this year or early next year—for gold possibly towards the 3,100–2,800 range. That's where I believe hard money capital will start returning in force.

Long story short, when gold bounces in the near term, it will allow other "store of value" driven assets to bounce as well. In this case that would include Bitcoin and bitcoin comes with the broader crypto market. As a result some select altcoins will also rally during the summer.

When that rally eventually ends and the AI euphoria fades after a SpaceX IPO the rotation can begin again from multiple directions. Gold could top out alongside Bitcoin, the AI narrative will lose momentum and push investors to search for new speculative opportunities, the carry trade in Japan could unwind further, inflation could continue to decline, leading the Fed to cut rates, and oil could fall back below the $70 range.

Any combination of these factors, whether they occur all at once or around the same time, could spark renewed interest in crypto. Whether that happens in three months or six months doesn't really matter. What matters is that the market remains strong, and capital rotations tend to move through multiple asset classes before the broader market finally cracks and resets.