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But we saved everything 🙂.
Joe Burnett discusses why amplified Bitcoin products tend to trade at a premium. He points to factors such as the influence of Tobin’s Q, indicating that persistent market premiums suggest excess demand for amplified Bitcoin exposure, influenced by Bitcoin’s ongoing monetization and the gap between Bitcoin’s expected compound annual growth rate and U.S. interest rates.
Burnett has previously examined whether a futures market could emerge for minority chain coins in the event of a chain split following BIP-110 in a prior article. He also reported on the U.S. government issuing approximately 1,000,000 BTC worth of new debt, raising questions about long-term debt sustainability in an earlier piece. These analyses provide context for his ongoing focus on Bitcoin market structures.