Great find. I’d say $gnus is probably a better comparison to $mstr as they’re a money losing business who decided to put their company’s treasury in btc.
Just curious, prof: what is the block that’s preventing you from just buying the crypto directly? US residents have tons of easily accessible options like Coinbase and Gemini. One of my favorite degen strats in crypto bull markets is just buying an equal weight position in the <$1 coins on the “normie” exchanges and let the unit cost bias do the work for me. “Man, what if XRP’s price hits Bitcoin’s? Eh, it’s only $0.30, I’ll throw $1000 at it!”
I'd rather own a business than a money. At some future point, a company like WELX will own more crypto per share than if I bought crypto myself. Also a psychological crutch, I can rationalize buying this niche manufacturer for a PE of 12 and get the crypto for free. The only block is in my mind.
Great find. I’d say $gnus is probably a better comparison to $mstr as they’re a money losing business who decided to put their company’s treasury in btc.
Just curious, prof: what is the block that’s preventing you from just buying the crypto directly? US residents have tons of easily accessible options like Coinbase and Gemini. One of my favorite degen strats in crypto bull markets is just buying an equal weight position in the <$1 coins on the “normie” exchanges and let the unit cost bias do the work for me. “Man, what if XRP’s price hits Bitcoin’s? Eh, it’s only $0.30, I’ll throw $1000 at it!”
I'd rather own a business than a money. At some future point, a company like WELX will own more crypto per share than if I bought crypto myself. Also a psychological crutch, I can rationalize buying this niche manufacturer for a PE of 12 and get the crypto for free. The only block is in my mind.
Totally valid points. Thanks for all of your hard work.