Such An Obvious Trade Bro

A few weeks back there was a deluge of people posting about the MicroStrategy premium, how it wasn’t justified, and all of the usual stuff you see when people are coping hard.

Like this 👇

To be clear, there’s not much wrong with those threads and posts.

Most of them are ‘informationally correct’.

And Saylor has played his cards brilliantly. Calling it ‘Bitcoin yield’ was a masterstroke.

(if his goal was to trigger the analysts)

However, when something is so obviously ‘wrong’ and ‘mis-priced’ it becomes attractive to traders who think in terms of ‘fair value’ and all that stuff that used to matter in the old days.

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