55% improvement a year

55% risk free

If is volatile but 55% risk free!

55% cost to capital risk free

.

Distraction 65%–> but not guarantee

No conventional idea makes any sense

.

More bitcoin –> only way to outperform bitcoin

Bolted on

Bolt ons

Digital capital business

650M borrow at less than 1% interest

.

1.2 B business at 55%

Borrow 1B, at 0% interest

500M, senior note

7.5B raised

7-8B capital to invest in Bitcoin

120% Bitcoin

126% all in?

Double triple maxi all in

5% borrow

50% gain

$500M a year

Capital markets

30 year financial statements

.

1995

3% interest for next 30 years

.

How you get rich

Levered long desirable property

Borrow 100M to buy 100M building, let inflation drive to 200M, 5M of equity

5M 100M debt, lever up

Digital real estate

Put in 100 hours. Or 10,000 hours to Bitcoin?
.

4-5 year due note

.

Don’t get wiped out by short term volatility

.

20-30% a year growth forever

.

20% , 2x revue … forever

.

200x return

2k euro

1,000 euro an hour 21 years

13M in 21 years