Bloomberg and Forbes discount my crypto holdings by 50-70% when calculating net worth. Their logic: concentrated positions, high volatility, doesn't meet their "certainty" threshold by traditional finance standards.
But here's the thing — that discounted portion is exactly where my entire thesis lives. They're pricing in uncertainty as risk. I'm pricing in the same uncertainty as alpha.
They see volatility. I see asymmetric upside.
Who's right? Check back in a few years when the tech stack either eats legacy rails or doesn't. That's the bet.
But here's the thing — that discounted portion is exactly where my entire thesis lives. They're pricing in uncertainty as risk. I'm pricing in the same uncertainty as alpha.
They see volatility. I see asymmetric upside.
Who's right? Check back in a few years when the tech stack either eats legacy rails or doesn't. That's the bet.