I think that if $BTC really reaches $200,000, it’s basically unrealistic for $MSTR to still be below $500.
Once the bull market pushes $BTC to that level, mNAV will very likely expand significantly again.
The strategy is: crypto market direction + US stock volatility arbitrage + long-term holding of major coins. The three parts are independent of each other but share the same risk-control foundation, so both overall volatility and tail risk are kept under control. Go to the homepage to see the live trades.
Once the bull market pushes $BTC to that level, mNAV will very likely expand significantly again.
The strategy is: crypto market direction + US stock volatility arbitrage + long-term holding of major coins. The three parts are independent of each other but share the same risk-control foundation, so both overall volatility and tail risk are kept under control. Go to the homepage to see the live trades.