Current thesis:

- once we get stablecoin bill through, DEFI goes absolutely nuts

- on top of this, Fed starts rate cut cycle.

- BTC goes up 2-3x. Solana and ETH both go up more.

- Bitcoin treasury companies buy like drunken sailors

- that at time t, suddenly we reverse course

- Bitcoin drops from 300K+ to 100K

- BTC treasury companies go no bid.

- mnav at 0.6

what is t?

honestly no clue. But we need to at least double from here first.