RE: MCAP22 Jul 2025 14:18
thanks for the advice, i certainly will.
for those who might be interested though, can you give us the bull case?
preferably not just referring to the price of btc, as that's clearly disconnected from what's going on with the treasuries.
bonus points if you can convincingly explain why high mnav ratios are actually fine, what the **** is meant by btc yield, and how the flywheel is meant to work.