The tweet was deleted by the author.
But we saved everything 🙂.
Adam Livingston argues that risk is significantly mispriced in financial markets, highlighting how public investors can buy shares of Strategy while Michael Saylor converts company equity liquidity into Bitcoin on a massive scale.
Livingston also notes the contrast between extraordinary capital flows into Bitcoin and televised debates that focus on less consequential investment decisions.
Livingston previously stated that Strategy's path to joining the S&P 500 hinges on achieving institutional legitimacy and GAAP profitability, according to a recent analysis. He has also noted that Bitcoin investors have historically faced severe market downturns and multiple industry disruptions, as detailed in his earlier report. These observations inform his latest perspective on current capital flows and market risk.