@DividendGrowth The math gets more interesting when you start to play with the discount rate. A much more aggressive portfolio, which would imply a higher discount rate, pushes the breakeven so far out it almost always makes sense to claim early.
@cliffcornell_ Yes, but volatility decay exists even with a non leveraged product. (1+x)(1-x)=1-x^2. The question is what is the optimal leverage given the return and volatility characteristics of the underlying?
@comic@DylanLeClair They’re not blindly following. Look at the tweaks they’ve made. No moving liquidation preference, it’s fixed at 1000 JPY which is different from STRK which has a moving liquidation preference and has been the cause of a lot of criticism. Suspension of the MSW another good move
@DylanLeClair I know you answered it already, but just a comment. A fixed liquidation preference is big. It’s the one black eye on the equivalent MSTR preferred STRK. Love to see that you guys got that right.
@AdamBLiv This isn’t a fair comparison. You should compare 8k compounded at 12% to 4k at 30% and you’ll see that BTC does come out ahead, but it’s much closer. Thats without even considering the tax advantages. People are much too quick to disparage the 401k, it can be a very useful tool.