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Jesse Myers: BTCTC mNAV metric does not reflect traditional finance calculation
Jesse Myers highlights differences in how the 'mNAV' metric is calculated for BTCTCs compared to traditional finance. Myers points out that, unlike in traditional finance where mNAV is defined as Market Cap divided by Net Asset Value, the BTCTC version typically uses a metric that includes neither the standard numerator nor denominator.
Myers also mentions that another user, smarterwebuk, is adopting a more precise metric and terminology for clarity.
Myers has previously discussed the origin of HODL and how holding Bitcoin tends to outperform frequent trading in a previous commentary. He has also highlighted the development of Bitcoin treasuries as a distinct sector in the UK following a recent industry event, according to an earlier article. These observations add further context to his ongoing scrutiny of terminology and metrics in the Bitcoin ecosystem.
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