Thoughts 💭 on Asset Parity & Valuations:

Gold Market Cap: $17.93T 

#Bitcoin Market Cap: $1.49T

Total supply of Bitcoin today: 19.78M

#Bitcoin reaches market cap price parity with Gold at $906,000 per Bitcoin

$MSTR’s Bitcoin assets alone would be worth $228.5 Billion 

These assets are PERMANENT, with VERY LITTLE deterioration, no vacancy, no maintenance, no property tax, etc 

If $MSTR were to trade at par with asset value (AND ZERO ACCRETION), the $MSTR price per share would be $1,128, with todays shares O/S (no multiple)

10x multiple = $11,277 price per share

At a 10x multiple ($11,277), and $906,000 price per Bitcoin held, $MSTR’s valuation ($2.2T) would still be less than $NVDA, $MSFT, and $AAPL at today’s valuations. 

Price parity for $MSTR at the #1 pubco slot $3.57T ($NVDA) is $17,600 per share 

All valuation narratives don’t matter in the short term (good luck trying to trade them) until the equity is on par with other technologically advanced companies.

Why? 

Bitcoin is the BEST store of value asset the planet has ever seen.  With future adoption, and removal of roadblocks in the US, the world may quickly wake up to the reality of price parity and valuation parity between Bitcoin and Gold. 

Bitcoin’s properties establish a PERMANENT, LOW COST capital that can be held on corporate balance sheets with MINIMAL deterioration in value.  $MSTR’s technological moat and head start will thrust them to the top of the global publicly traded leaderboard until in lockstep with other technological monopolies like $NVDA, $MSFT, $AAPL, $META, etc 

Buckle your seatbelts.  This isn’t pump & dump, this is the hardest asset on the planet, and the company with the largest stack.
#bitcoin
#Bitcoin #Bitcoin