এমএসটিআরের বিটকয়েন প্রিমিয়াম

বিশ্বাসের चुপটি मैथ

2টা, कॉफी ठंड, MSTR-এর mNAV ratio 1.3x-থেके 3.3x-এর दिक्षा पायः—BTC-एर उठाने नय, Wall Street-एर लेजर-एতे सम्पद।

MSTR एখन एক कোম্পানি।它是 an oracle।

2020-এ MSTR पहलि million BTC क्रय करल—কেউই believe कরল نা। Now? \(1 BTC-এ \)2—শুধু price, not leverage—it’s liturgy।

Liquidity River Dries Up

BUTTER call it ‘premium as a drought.’ And he’s right।

2024-এ BTC \(70K-তে MSTR \)520-তে jump کল—three times! But BTC $80K-তে? MSTR double drop।

This isn’t correlation—it’s resonance।

Price BTC-follow korche na—it echoes, tuned to same frequency。

The Short-Squeeze That Wasn’t There

People ask: ‘Can this be GameStop?’ No. SBET—with its 54% borrow cost and tiny float—is the real short-squeeze candidate。 MSTR? Too big, too liquid, too real। Its shorts are just traders hedging volatility—not fools trying to burn down giants។ You don’t squeeze a river—you surf it。

The Real Hedge Is Time Itself

Hikari once told me: ‘Buying options is like buying lottery tickets. Selling them? You’re running the store.’ That’s why smart money buys puts + convertible bonds—not shares—to capture time decay as income। The delta is neutral。 Gamma is silent。 But theta? Theta is everything। We’re not betting on price direction—we’re harvesting volatility itself。

The Only Truth Left Standing:

Bitcoin, The rest? Noise, The structure changes—but the core doesn’t—BTC remains the only asset that carries consensus across nations, an unbreakable anchor in a world built on code and trust。