Yeah, another way to say this is that Saylor is creating new supply faster than there is demand for it. The yield ought to reduce to the extant demand eventually catches up (if that doesn't encourage...
Indeed. To be fair to Saylor, they weathered a brutal bear from 22 where they were exposed. I think he’s learned from that in that they have effectively no liquidation level risk now. And from what I’ve seenBTC needs a cagr of 2% going forward for them to meet all their obligations indefinitely. It’s tempting but so far I’m staying humble.
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