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Myself keeps slipping away Tried to save myself tried to save myself tried to save myself

Spotify

Slipping Away - Remix

Nine Inch Nails · Things Falling Apart · Song · 2000

Keep the promises that you make to yourself. Always begin again.

#FuckICE

“Porn = loneliness sold as sex Alcohol = escape sold as fun Drugs = numbness sold as peace Scrolling = distractions sold as rest Fast food = poison sold as pleasure Luxury = emptiness sold as purpose Smoking = addiction sold as relaxation Notifications = control sold as importance Social media = validation sold as friendship Money = paper sold as value Bitcoin = freedom sold as speculation Don't fuel the best parts of being human with artificial substitutes.” - Michael Rihani

“We know that no one ever seizes power with the intention of relinquishing it. Power is not a means; it is an end.” - Orwell

Stone Ridge 2025 Investor Letter

Stone Ridge 2025 Investor Letter

We are pleased to share the Stone Ridge 2025 Investor Letter from Founder & CEO, Ross Stevens

Happy new year nostr!

Savor every last drop. Don’t move on. Feel yourself breathing.

@nat brunell Looking forward to reading your book. Jeffery D’s review pushed me over to actually ordering it. X: jeffdespommier

One year later. BTC has zero gains in dollar terms. Pretty wild 2025. Low ~$78k. High ~ 125k. 200 day rolling average is ~109k. A model (hypothetical): BTC will do a 30% gain per year (given a duration of 3-5 years). Currently we are up ~ 420% over the last five years = 37.9% average yearly return. If we see growth of 30% /yr over the next 5 years, we’d double twice. At ~100k today that’d be ~400k in 5 years. At $78k (low of 2025) a twice double is ~ $275k. So is BTC expensive right now? Best I can figure is that 91k is a fair value. At ~$65k per BTC it would be a better value. Suppose then $40k is extreme value. 🤷🏻‍♂️ How are you thinking of fair value for BTC? Let us know in the comments.