Just anecdotal but two things I think people are severally misunderstanding risk is with regard to Strategy and quantum.
Not that they aren’t risk but a lot of people are giving them 50+ probabilities and in reality I think they are less than 10
My excitement for strc is very real. Incentives drive behavior and a yield that’s 7% more than anything else is very appealing, especially knowing they have the cash to payout for 2 years
Luke groman has gone full doomer. I used to subscribe to his newsletter back in like 21-22 but got tired of it bc he just predicted a crash all the time. He missed out on a lot of the stock market gains. That’s why he has a research service and doesn’t manage a fund
Here’s what people don’t see coming besides a select few. One of the few things stablecoin and crypto had going for them was defi and the ability to hold a stable value with a pseudo usd. I think stables have value for that reason. But now strc and the structured products around that will
Smoke any yield stables can provide, if it’s any at all.
The gov is wants to proliferate stables growth as a way to find buyers of its short term debt. But what happens when a coin based upon strc and stablecoin holdings pays 10% and is backed by BTC and not the gov?
People are SEVERELY underestimating strc’s TAM