krisadams on Nostr: Watching MSTR play out and find all the different takes on the “ridiculous ...
Watching MSTR play out and find all the different takes on the “ridiculous premium” quite interesting.
New buyers of the stock are paying 3-4x premium for bitcoin and analysts are tripping over themselves to state why the premium must fall!
I’m not so sure. If I break it down to the most basic idea I’m left with this. If you had no way to buy bitcoin directly, and you thought the US adopt is soon as a strategic reserve, would you pay 3-4x for an asset today that you think goes up by a factor of 100x or more over the longer term?
I would!!
New buyers of the stock are paying 3-4x premium for bitcoin and analysts are tripping over themselves to state why the premium must fall!
I’m not so sure. If I break it down to the most basic idea I’m left with this. If you had no way to buy bitcoin directly, and you thought the US adopt is soon as a strategic reserve, would you pay 3-4x for an asset today that you think goes up by a factor of 100x or more over the longer term?
I would!!