@blknoiz06@themoontography@mert@ryskfinance is the first protocol I’ve legit used that’s beyond farming for me. If they do drop a token that’s cherry on top. But selling covered calls on holdings has been a blessing
"You've told me two things. They contradict each other. One's not true."
@jackmallers on the impossible math of AI valuations. Either AI takes the jobs and the entire credit system collapses, or AI is overhyped and GDP craters.
Either way, they print.
@TheSamsPodcast Good read. Price is everything. If we were over $100k sentiment would be different. What’s mind boggling is the disconnect between X and reality. In reality $STRC is just fine, but talking heads make it seem like the world is ending. We good..
If $STRC were really in trouble $SATA would not be trading at par. If the market doesn’t think 846,842 $BTC is capable of backing $10.5B of prefs at 11.5%, then 19,105 $BTC cannot back $750M of prefs at 13%.
If the market thinks $MSTR and its prefs are a systemic risk to $BTC, then $ASST and its prefs are getting dragged down with it.
There’s just no world in which $MSTR is “fucked” in which $ASST isn’t also “fucked.” Either both are fucked or neither is fucked (neither is in fact, fucked).
They can temporarily diverge due to (real or perceived) inadequacies in management on the part of one issuer, but if there were some kind of death spiral or doom loop there is no logical reason for $SATA / $ASST to be immune to this contagion.
@PunterJeff So awesome to see $SATA at par, but this tells me the market is irrational on $STRC - seems like a pretty obvious market overreaction and opportunity. Strategy is fine.. thoughts?