RE: NAV24 May 2025 21:32
I think you are both missing the point completely. The MCAP to NAV ratio is decreasing rapidly. By the time this reaches a £500m MCAP the ratio cpuld easily have closed to the standard 2x. Growth is rapid and there are gains to be made on the current shareprice still BEFORE we hit that ratio.
Only then will this start to be much more closely linked to the bitcoin price. Holders here strongly believe the long term trend is UP. Driven by a squeezing of bitcoin stock by the ever increasing treasury companies.
So a short term dip in the bitcoin price, while we are going through a rapid growth phase, will only help us accumulate more of a reducing bitcoin stock. Look at Friday as an example. Btc price fell, we continued going up with only a slight dip.
Why was that? You give us a clue I believe. You said you aren't invested because you missed out early. What you really meant is that you don't see this as a viable short term trade.
I firmly believe that the number of short term traders here has reduced considerably. We are left with believers in the management strategy and their competence to execute the strategy. Accumulation of bitcoin in the aim.
How that that differ from COIN. It's stuffed full of traders without the long term vision. Yes, it has potential, but so far the management have had a long time and have been treading water. Completely different to the SWC team.
It COULD change there. I'm in there because I believe it may. However my holding there is a fraction of my holding here. I think it's far riskier than being invested here.
All IMO. What actually happens in any scenario is almost impossible to predict. What scenario will occur is also impossible to predict with any certainty.
I can certainly agree with you that being able to hold SWC and COIN in an ISA or SIPP is the reason I hold these two. They are also very easy to trade and the AQUIS platform is a refreshing change. I personally, would not be happy holding btc any other way.
GLA
GLA
all