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I have no idea.
I'm as clueless/befuddled as Levine, I think. The best I have is trapped funds and this being a minor (globally-financially speaking) anomaly about to correct itself
The fly-wheel taking us towards equilibrium in the near future, would be the easiest outcome to process.
also... just a strange, temporary anomaly and the financial sanity world is healing?
I saw that. Someone is about to lose their butt. His logic makes a lot of sense to me, but only if that description of Strategy is correct.
as a fellow better, I do like it when someone "lose[s] their butt!"
yo, Undisc -- who would be the best person to explain the Strategy play, and why Wall Street values $1 of bitcoin at $2+ (let's say, hypothetically, for a printed magazine that may or may not be the best in our industry...).
You'd be keen yourself, perhaps?
Definitely not me. I find it deeply confusing.
Are you writing a piece for the Stacker News Zine? That’s the only printed magazine I read that isn’t for 5 year olds.
who's the best person you've seen describe it/explain it? (aside from me of course) Matt Levine? Check on Chain? Some of the YT Saylor bois?
You’re my go to analyst. There is no second best.
I know @elvismercury is/was fascinated by what Saylor’s doing, so he might have some good resources in mind.
There is also the replacement cost. If a large entity wanted to buy a large amount of corn, they'd push the price up and their average price would be higher than the current price. This alone justifies a premium, as long as there is demand.
100% is a hell of a premium, though.
Since January 2024 they've also doubled their sats/share.
Buying the f'in dip
So, where are you at on "The right price is the current price"?
It sure seems like the market is sending strong signals that the bitcoin price "should be" (in some sense) higher, which is hard to square since anyone can buy bitcoin anytime they want.
What's going on here?