Subnostr

I am curious as well!

I made a small allocation, at pre-ipo, entirely due to a friend who is involved

Their investment lens is 2nd to none

In some cases, trying to outpace the Bitcoin hurdle rate, is a bet worth taking with a small percentage of one's portfolio

gojiberra 1y ago

this is your racing vehicle, Jake, going downwind faster than the wind. just be careful cause you might go real fast!

congrats on trusting a friend. I feel like my intelligence doubles for everyone i trust.

if it lives up to its name, Matador, you'll have a winner. They are waving a red flag at a bitcoin bull.

There is a mention of one of their investors UTXO Management/BTC Inc planning an event with Microstrategy.

"Matador’s strategic investors include Hive Digital Technologies Ltd, Gold Fields Ltd, and UTXO Management/BTC Inc. which pioneered Bitcoin for Corporations in partnership with Microstrategy."

and the CEO states the following:

“Bitcoin is in the early days of an expansion from a store of value to a computing layer that powers markets and real world assets,” said Sunny Ray, President of Matador. “We believe that the new assets and companies built on top of Bitcoin have the potential to grow more quickly than Bitcoin itself.”

Microstrategy does seem to prove that right now.

i like competitions, so good luck!

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Discussion

Jake Woodhouse 1y ago

Thanks so much for the support and insights!

gojiberra 1y ago

You betcha. I'm curious now if there's any relation between how fast this down wind vehicle goes in relation to the wind and any additional return on top of Bitcoin an investment has.

Sailboats range anywhere from 1.5 to 2x wind speed for monohull and 5 or 6 for performance catamaran.

In the Blackbird downwind vehicle's case, it was able to travel at 28 mph in a 10mph down wind, so 2.8 ratio.

Jet turbine engine has a compression ratio of 50:1.

Jake Woodhouse 1y ago

If you look at the MSTR nav to price ratio, you can see how the pricing is fluctuating

As an example

I think the key is the fact it will be faster on the way up, and faster on the way down, as it's a leveraged Bitcoin play with tools in the public equity market available to them but not others

I would look at it as a way to accumulate more Bitcoin long-term

gojiberra 1y ago

i hope so. Faster on the way up. and then never coming down! hope they figure out a bunch of services that create value at the top of the hockey stick.

in homage to PlanB S2F model, in case it does come down, I will cover any debts, deferred maintenance, maybe have a 6 month safety net--naw it's too painful to keep this in dollars. i'll take a potential loss on bitcoin than have dollars sitting around.

i was thinking of this last night: if they collect 15,000 bitcoin a week, eventually it's likely they reach 5% of Bitcoin.

If bitcoin is 400T SOV+M2 opportunity, that is a 20T market cap...

and surely this can't be the only market demand out there. especially in other countries and people that want to bet on other things like Gold.

my mentor told me about how he bought amazon back in the day and peeled out long before they transitioned from bookseller to tech company. he would rather invest in REITs, and he was happy with that. "every man is right in his own eyes".

so let the people bet on the things they want, and take the throughput like the sail area or the jet engine compression and rocket forward faster than boring old bitcoin.