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  • šŸ„› Microsoft about to buy $BTC? šŸ’°

šŸ„› Microsoft about to buy $BTC? šŸ’°

PLUS: Why is Crypto Twitter so mad at this 12yr old? šŸ¤¬

Todayā€™s edition is brought to you by Lisk - an Ethereum Layer 2 built on the Optimism Superchain. šŸ‘‘

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GM. This is Milk Road. The newsletter that supports you like Bitcoin supports MicroStrategyā€™s stock price.

Hereā€™s what we got for you today:

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IS MICROSOFT ABOUT TO BUY $BTC? šŸ’°

ā€œBitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.ā€

Is this a quote from:

  1. An AI responding to the prompt: ā€œPretend youā€™re on mushrooms. Now describe $BTCā€.

  2. That one dude at the after party (that no one seems to know) who keeps roping people into waffling conversations when they get too close to him

  3. The CEO of one of the largest companies in America

You are correct. The answer is C.

You can scoff at his poetic description all you want ā€“ but you canā€™t deny Saylorā€™s Bitcoin rhetoric isnā€™t effective!

Thereā€™s a growing number of global companies that are following/publicly considering the ā€˜Bitcoin Strategyā€™ (aka: buy sh*t tons of $BTC ā†’ pump your stock price) that Saylor implemented at MicroStrategy ($MSTR). šŸ‘‡

  1. Metaplanet (now holds $108M worth of $BTC)

  2. Genius Group (now holds $10.45M worth of $BTC)

  3. Semler Scientific (now holds $120M worth of $BTC)

Meanwhile, Rumbleā€™s CEO is now considering adding Bitcoin to its treasury:

And Saylor is about to pitch Microsoft (MICROSOFT!) on his Bitcoin Strategy:

(Every other company before this is neat and allā€¦but a $BTC purchase from Microsoft could really make the dam break on Bitcoin adoption).

Cool. But why the hell are these companies even half-trusting Saylor and his smooth talk?

Theyā€™re not. Theyā€™re trusting the results.

Remember when Michael Burry shorted the US housing market in 2008 ā†’ made a boat load of money ā†’ had a feature film made about him ā†’ became one of the most famous investors in recent history?

Yeah, well ā€“ letā€™s compare the two Mikes real quickā€¦

And as of today, Saylorā€™s Bitcoin Strategy has helped $MSTR rack up two new milestonesā€¦

1/ $MSTR joins the top 100 US companies by market capitalization

2/ $MSTR becomes the most traded stock in America

All of this speaks volumes.

(Letā€™s hope Microsoft is ready to listen).

With the banana zone rolling in, prepare for a flood of scam tokens and sketchy airdrops. šŸ‘€

Thatā€™s why the Milk Manā€™s here to steer you right with an airdrop thatā€™s 100% legit: $LSK.

Lisk, the 5th largest player on the Optimism Superchain, is kicking off its 4-month long airdrop campaign from November 21st:

  • Complete tasks to rack up rewards

  • Tackle ā€œSuper Tasksā€ with exclusive partners

Why bother with these tasks? Simple: more tasks = more points = more $LSK in your pocket.

Join the Airdrop here and stay tuned with Liskā€™s latest on X and Discord!

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WHY IS CRYPTO TWITTER SO MAD AT THIS 12 YEAR OLD? šŸ¤¬

If you win the Super Bowl, youā€™re a champ.

If you win the Super Bowl, then flip off the opposing team when they go to shake your hand ā€“ youā€™re a dick.

(No one likes a bad sport).

Which pretty much sums up the internetā€™s reaction to this kid:

Why is everyone hating on him?

He started a memecoin called $QUANT ā†’ bought a huge amount of the initial supply for cheap ā†’ pumped the token ā†’ then dumped on everyone (crashing the price, while earning ~$30k).

ā€¦ok? Fine. That happens every day. 

Itā€™s painful to be on the other side of it, but the story being told here is basically one of ā€˜buy low, sell highā€™.

The problem in this particular story is the rugrat in question livestreamed the whole thing. 

ā€¦and did this as he dumped the price:

(Again, no one likes a bad sport).

To add insult to injury, he then turned around and made two new memecoins called $SORRY and $LUCY, which ā€“ you guessed it ā€“ were also pump and dumps.

(Though at that point, the blame is on traders for continuing to trust this kid).

Now, if youā€™re getting mad while reading this ā€“ donā€™t be. 

Hereā€™s how karma balanced the scales:

The 51M $QUANT tokens he dumped in exchange for $30k?

ā€¦theyā€™re now worth $4 MILLION (at least they were at ~3am ET this morning).

The lesson here: scale out of your positions. This way you can take profit, without losing exposure to any potential price pumps in the near term.

(We wrote a PRO report that walks you through exactly how to do so, here).

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WILL THE ETHEREUM L2 ROADMAP BEAT SOLANA? šŸ¤”

Itā€™s the question on many peopleā€™s lips.

ā€¦but most arenā€™t qualified to answer it.

Ryan Wyatt? He doesnā€™t have that problem. Ryan is the Chief Growth Officer at Optimism ($OP), one of the largest Ethereum L2ā€™s in the space!

Today, Ryan joins The Milk Road Show to talk:

  • Whether L2s are parasitic to Ethereum

  • How the next big wave of users come in 

  • The monolithic vs. modular debate (Solana vs. Ethereum

  • The potential for protocols such as Uniswap and Base to leave the OP stack

Itā€™s a banger of an episode! Click below to watch it now šŸ‘‡

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BITE-SIZED COOKIES FOR THE ROAD šŸŖ

The Block is hosting its first-ever conference, Emergence, this December in Prague. Extravagant, eh? We love a new conference vibe, so hereā€™s a treat: use code ā€œEmergence20ā€ to get 20% off your ticket!*

BlackRockā€™s Bitcoin ETF options hit a staggering $1.9B in trading volume on day one. As ETF expert Eric Balchunas put it, ā€œ$1.9B is unheard of for day one.ā€ BlackRock really is a godsend for the crypto space.

Gemini launches in France. France has been slow to embrace crypto but things are changing now. More countries trusting the crypto space = the more legit we become. Lesssgooo.

Weā€™re currently growing our team and are on the hunt for someone to lead partnerships at Milk Road. Think youā€™ve got what it takes? Click above to read the job description and apply.

Bybit launches a new Bitcoin trading competition. Show off your trading skills with Bybit and have a chance to win a portion of the massive 50,000 USDT prize pool.*

*this is partner / sponsored content

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MILKY MEMES šŸ¤£

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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.