My view - both of these guys have some interesting macro stuff to say, Luke Gromen especially, but incentives matter. Both of them essentially get paid for not being a Bitcoin maxi, like all investment professionals.
Why? There’s not much of a career in it - and never will be - as the strategy never changes, until everyone starts to switch from saving in Bitcoin to investing again in equities that can return a positive outcome vs Bitcoin.
Until that point, Saylor got it right - there’s no such thing as diversification when the solution you’re after is the answer to an engineering problem.
343PG / 343PG
npub1l0…cwvaz
2024-07-06 15:54:53
in reply to nevent1q…9gj9
Author Public Key
npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvazPublished at
2024-07-06 15:54:53Event JSON
{
"id": "7afdc86c3007bf2552f96fd79981f8c71f1f7b773d5a3b214d540d722116d5f4",
"pubkey": "fbe736db334a0136b257f9d15f2eff8e6fea2da2d964d70429cef6eb187bb0d5",
"created_at": 1720274093,
"kind": 1,
"tags": [
[
"e",
"b46dde7b879f50793de10ee4a8180064741e8190c46541e55f37c4a0b24a3c4c",
"",
"root"
],
[
"e",
"f90678b3c336bcfe0ef570243bc2c3c3ee10790c1dc01f6f3c72dcd765d4db71",
"wss://relay.wellorder.net",
"reply"
],
[
"p",
"821000569a720e06d6d24092614d1d7db42e88a73cdafffed9387c2de198089f"
]
],
"content": "My view - both of these guys have some interesting macro stuff to say, Luke Gromen especially, but incentives matter. Both of them essentially get paid for not being a Bitcoin maxi, like all investment professionals. \n\nWhy? There’s not much of a career in it - and never will be - as the strategy never changes, until everyone starts to switch from saving in Bitcoin to investing again in equities that can return a positive outcome vs Bitcoin. \n\nUntil that point, Saylor got it right - there’s no such thing as diversification when the solution you’re after is the answer to an engineering problem.",
"sig": "9428760551fae3d81d11a4bb1641205cba2ecce15b2bd50380bdb3fd875531201701fcdfc4108856609fdbb5290ca2d402740fce7fc22ae6c17a77085f778d86"
}