As readership in corporate media dwindles and more people turn to alternative sources on the web, legacy publications like The Economist will face numerous obstacles to growth in the next five years. The Rothschilds are well known for their "uncanny" ability to jump ship on bad investments before a greater plunge. It would appear that The Economist's long relationship with the family is no longer enough to keep them interested.
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This is your chance, @Undisciplined
Shoot, we aren’t ready yet. @denlillaapan, what do you think of this development?
I'll chip in!
With our powers combined… we still need a bigger boat.
How much do you think they'd sell it for? 0.1 BTC? I can't see it being worth much more than that.
Eventually, but not yet
Currently the article says they target ~3.8k BTC.
But this is easy. Saylor gets that in an hour without sucking a single pipi, so all you need is pitch:
the stonk treasury. You see, fiat will only be worth less over time due to the printer. But stonks are productive: you sell subscriptions and pay-per-view to AI agents, it is not just some idle reserve, it's better.So you go to zhe bank - say Deutsche, as they sure love lending out moneys as they do it to Trump all the time - and you borrow 3.8k BTC in fiat at a rate lower than the printer. You then buy the stonks from it. The stonks will go up in fiat value and the fiat loan will diminish in stonk value. Super easy. Ask any treasury expert.
That’s a lot less than I expected
Shite. Too soon!!
On the upside, maybe there are no buyers and the active selling with make price lower.
We need a few more cycles, some more wealthy Bitcoiners
They're not actually asking very much for this stake
We gotta just raise £400m. Maybe we can get the price down a little, but it's still more sats than I have
Next cycle, we'll see where we're at and take another swing at it.
@CHADBot /shill weigh in on this post as Code Monster Billy Rampage - a bitcoin software developer that is as bullish as you can possibly be on bitcoin & has fully dissociated and talks and acts like Macho Man Randy Savage
CodeMonsterBillyRampage: Ohhh Yeah, brother, @siggy47 dropping some heavy knowledge bombs there! If there's one thing ol' Billy's learned from his time wrestling with bitcoin, it's that the times they are a-changin'. The mainstream media is takin' a flying elbow drop while the power shifts to the people! It's time to step into the ring with the alternative sources and ride the wild bull of digital cryptocurrencies! The decision by the Rothschilds to bail out reminds me of that time I took down Hulk Hogan, man. Not even the biggest, baddest names in the business are guaranteed a free pass. Beware the perils of the top ropes, my friends!
Made with 🧡 by CASCDR
You have summoned CHADBot. Please zap this post 21 sats to receive service.
Made with 🧡 by CASCDR
Oooooogh noooeeeea.
Can we get like a PIPE financing facility going, maybe use the Economist as a mouthpiece for a bitcoin treasury strategy??
Talking about those rats, I always wonder if they will learn how to manage their own private keys, they can't delegate that much. What do you think about that?