Since the genesis block, every capital allocator has been benchmarked against a new hurdle rate; most just haven’t realized it yet.
Bitcoin is the world’s new cost of capital, and outperforming it — read: stacking more sats over time — is the only rationale for putting money to work. More here:
https://ten31.vc/insights/outperforminghttps://m.primal.net/KFvS.jpg
Notes by JOHNARNOLD | export