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That's fair as a projected idea, but discounted back to present value and probability-adjusted? No way that explains 90% premium
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Another way to frame it. How many companies trade at a multiple to their assets
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That's fair as a projected idea, but discounted back to present value and probability-adjusted? No way that explains 90% premium
Another way to frame it. How many companies trade at a multiple to their assets
I think an ultimate valuation consideration for the premium is what will the largest bitcoin bank in the world be worth in 20 years when they can generate yield thru lending or providing liquidity to emerging btc use cases