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2024-06-28 14:21:02

Quotable Satoshi on Nostr: A rational market price for something that is expected to increase in value will ...

A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds that it keeps increasing.
Author Public Key
npub1satsv3728d65nenvkmzthrge0aduj8088dvwkxk70rydm407cl4s87sfhu