Oddbean new post about | logout
 The bull market is fascinating but the back side, I think we’ll see a steady 90-125 price action until the next cycle. 

If institutional demand keeps up, we’re all wrong as @saylor says, “All models will be destroyed.” 
 $AAPL valuation: 58M BTC
$NVDA valuation: 55M BTC
$MSFT valuation: 53M BTC
$GOOG valuation: 33M BTC
$AMZN valuation: 33M BTC
$META valuation: 25M BTC

We’ve seen nothing yet. Absolutely nothing when it comes to the right price consensus of #Bitcoin. 
 Man, if these public companies pull the Saylor strategy, all models are broken.  

I’d sell some corn 🫡 
 Those companies are worth 10x less at least. I would say 100x less it is fair.