Hey @HyperliquidX community - let's make sure that @elonmusk and @SpaceX don't make the same mistake that @cerebras made in pricing their IPO.
HL provided price discovery that was very accurate.
Elon - @MorganStanley and the other banks will push back - they will have a long list of reasons as to why you need to price it well below the true market value - don't fall prey to this nonsense.
@HypeStrat@tradexyz $PURR
@LukeGromen Ignoring that buybacks (% of mkt cap) are FAR higher vs 2000? Dividends aren’t the whole story. Shareholder yield is higher today.
It’s like you saying your income fell because salary dropped… while your bonus tripled.
@texasrunnerDFW Houses close to downtown, in the M streets for example, will sell in 48 hours with 8 offers over asking
It’s crazy how different of an environment it is relative to the north suburbs
@markoinny Hey relentlessly wrong Marko - Current AI capex is at 1.05% of GDP. At its peak during the dot com boom telecom capex reached 2.67% of GDP and during shale/fracking boom energy peaked at 4.75% of GDP. Once you stop being bearish, that’s the sign.
@camelfinance How do you justify being this bearish on MSTR, yet bullish on BTC? Yes, maybe the mNAV compresses to 1, but your forecast above suggests we’re at a top in BTC. Let’s watch…