Someone explain MSTR and how it's valuation is so detached from ETFs, let alone BTC, please.  Like, how is this machine up exponentially but when btc drops it doesn't drop as much usually?  Is it just bandwagon jumping by degen gamblers? Is it the potential short squeeze?  What is it?
 

 Listen to Quant Bros episode 3
@PunterJeff does a really exceptional explanation on the valuation. 

 Will do! Got a 7hr drive ahead of me tonight and see that Quant Bros on Fountain can keep me company.