Fed interest rate is over 5%.
Banks lend at 7%+ for 30 year loans.
Credit card rates are 20%+.
Microstrategy is borrowing at a 0.625% rate from the market.
GG.
https://t.co/alclPiQFWO
Respectfully Senators, the evidence points exactly the opposite way. We have discussed our analysis with SEC staff and would be happy to do the same for you and any other policy makers who have questions. 1/7
Two vehicles for Bitcoin mass adoption:
(1) ETFs for making BTC asset easy.
(2) Bitcoin L2s for onboarding millions.
Bitcoin ETFs mature BTC as an asset class. L2s scale the rails; how BTC gets used.
Bitcoin ETFs 🤝 Bitcoin L2s.
"Bitcoin lacks intrinsic value, or so the argument goes among skeptics in the asset management industry.
But a formidable performance track record — including being the top-performing asset of the last decade — and an $800 billion market capitalization achieved without traditional corporate structures challenge this view.
The beauty of Bitcoin is that it does nothing. It just exists. It doesn’t try to be anything, it doesn’t try to compete, it just survives, in its own lane, singular. In our opinion, trying to make Bitcoin have utility is against its interests. It will never compete with any other chain, its function is that it survives. Like a cockroach. There’s value in that, not in LARPing like you want to buy coffee with it. Its plan is to get an ETF and not die. That’s it. That’s the roadmap, and it’s a winning one.