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bigmagicdao
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The only real risk with
Bitcoin
is thinking there’s a risk, so you didn’t buy, or didn’t buy enough.
#BTC
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Looking for next “MicroStrategy” in Nasdaq and NYSE is simply retarded , as the new clone will simply be high-leverage plays without real organic demand. Fixed-income investors in the U.S. already have exposure to MicroStrategy, which offers sufficient yield. It’s unlikely for them to take on higher-risk alternatives. If these new clones can’t continuously secure fresh capital to fund future Bitcoin purchases, there’s no reason for them to trade at an mNAV premium. In the best-case scenario, most will trade slightly above 1x like $MARA does now or more likely, at a discount. Rekt.
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Untapped demand for Bitcoin exposure is coming..
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EVERYONE WANTS BITCOIN. even the ones you’d consider the most conservative.
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First they said ETH didn’t pump because there was no ETF. Then they got ETH spot ETF but no significant inflows . So they blamed the lack of an ETH MicroStrategy. Now they’ve created ‘ETH strategy’ plays. Soon they’ll realize the inflows still aren’t coming… aside from desperate ETH VCs. And it’ll with ETH strategy stocks unable to pay off their debt, because ETH just isn’t strong enough
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Everyone wants Bitcoin. But when direct access isn’t possible, a proxy trade is must. The one who captures that untapped demand will win big.
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