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Thanks for sharing but I often question models that have such a high CAGR. What if bitcoin falls to 3% CAGAR for the next ten years then this and all the bitcoin treasury company models are broken

  1. You could just plug in that more conservative number
  2. This is answering the question "If bitcoin keeps doing what it's been doing..."

All models are wrong. Some are useful. I think these are useful in informing our expectations.

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