Top .01%

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The second sons of nobles

The second or third ,,, path forward in the NEW world!

Harder working

4,000 acres make my way.

Need to know basis.

“Not needing to”

99.5% against

Comfortable

4 months, wooden ship, 25% death

20,000 companies,,,, failed, and smashed!

20,000 retail destroyed by amazon and Walmart , hopeless.

Think about finances differently ,,, with Bitcoin

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Bitwise

Flows to consumers

Subsidize cost of capital

Reflect consumer values

Bring new investors

Never sell your property! ***

Don’t sell your beachfront property!!!

.

5-10 years

Evolution

Securitize Bitcoin ***-> bitcoin treasury company, treasury asset

Offer securities to investors that slice risk volatility and performance off of Bitcoin

Low risk, low performance

.

Life lessons from go karting

Strife, strike,

70, 30 delta fixed income instrument

20-40 vol, 60 vol

Take the leverage of selling those securities –> feed back into the equity

Ignore all the analysts

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60 vol, 60 performance

90 vol 90 performance equity

90 ARR 90 vol

60 ARR 40 vol, strike

30 arr, 30 vol

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Equity itself as building block

Derivatives

Things to build upon it

Financial instruments

Do what others cannot do!

What can’t you do?

Pure high octane leverage bitcoin!

High octane!

1.5-2x bitcoin

2x, 200x leverage … option tools?

Everyone gets the amount of volatility liquid risk, they want!

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$100-400-800

1.6, 6.4T level

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Same exact structure

6.4T company

Commodity

.

What if you were a $1T company?

Scaleable?

Maintain a balance

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Investing wrapper

Levered vehicle structures

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Risk preferences seek yield

Humans can verify truth

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Balsa wood
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Impossible to feel rich or BE rich in America

Why?

Cost,,, !

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“un-sexual”?

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The composition of man and woman are different!

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Rubber bands?

Levered on

Token , not a commodity ***

Don’t lever up on proprietary tokens

A lot of people will die!

Put leverage on STEEL! Doesn’t deflect

Bitcoin is digital steel

Doesn’t deflect , $10B $100B leverage

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10,000 years … nothing better than steel?

98% applications good

The rubber ship

Hurricane and snaps in half ,,, “never did that before!”

God gave you the answer! Or insist on being different?

Keep the steel , pick a different innovation!

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Sufficiently decentralized and global

0 to 1

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Fog lights ,,

100% long term capital into Bitcoin

Working Capital fiat currency

Long term capital –> Bitcoin

Red and blue

.1% are good

Fake cop?

Run the monopolies? Everyone else struggles

How to find a monopoly?

Bitcoin is the crypto monopoly!

Bitcoin is the only crypto

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P&L — > balance sheet

99% to succeed on balance sheet ! ***

99% to fail in operating business Fiat standard

Don’t dismiss balance sheet!

.

INVERT to fix!

Play DEFENSE with P&L

.

borrow money against, 10-100x!

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Financial engineering

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What to pray for?

Bitcoin standard company

Bitcoin standard individual

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Avoid re-hypothecation no layer 2?

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Technical and security issues

Sell equity at a premium ***

3x NAV, sell dollar bills for $3 all day, risk free money printer

.

High optionality public equity

Lowest risk way

$500M order , in 20 minutes!

Scale be slower ..,?

Wrapper

$10T of Bitcoin backed bonds

Complain –> too simple?

.

Very complicated ideas that don’t work! ***

Sell the covered calls?

Custody issues?

Convenient compliant simple

Solve very simple ideas! ***

Buy the upside without the downside, convertible bonds

Why wouldn’t you buy it? 

.

Do what is working!

High beams

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The biggest no brainer

Become capital attractive

How to become more attractive?

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Unlimited upside, no downside?

.

$15×30… $450 a month unlimited?

$15 a month?

Courage test?

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How to become more courageous

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No risk of injury to atlas lift and rack pull

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No risk to elevated trap bar rack pull

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Resign ***

Re-resign

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Supportive board

Do you want to win or just NOT LOSE? –> give up the chance to win!

.

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Just keep buying!

5% supply, 7.5% of supply, $10M a coin

10%, $50M a coin … $400T of wealth

Ratchet keep cranking and massive leverage here!

Everyone is winning!

$12B BTC yield

…

PRODUCTIVE is like earnings!

100 acres of manhattan you put buildings on it

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Heroic king, father of independence

Territorial integrity and unity of the Khmer nation

.

Use as collateral

$100B a year revenue?

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Security risk

What NOT to innovate?

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Everything to gain nothing to lose

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The philosophy of life & winning?

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I don’t agree ***

Gold is not a medium of exchange

$300T real estate not means of exchange

Walk AGAINST the stream!

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3-5% a year money getting destroyed

Debasement tariff war, chaos entropy

$10T a year lapse

WIDER boulevards!

Wealth creation must be volatile!

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