Strive Executive: Global Capital Is Entering the Bitcoin Market Through Three Pathways
Strive Bitcoin Strategy Vice President Joe Burnett stated that Bitcoin's breakeven annualized return rate (ARR) is often misunderstood, and understanding this concept is crucial for comprehending the market. He categorized global capital allocation to Bitcoin into three pathways: 1. Bullish on Bitcoin — believing Bitcoin will appreciate significantly, borrowing long-term funds at a cost below 20% to increase positions. 2. Neutral on Bitcoin (Digital Credit) — Bitcoin only needs to grow 3.3% annually to permanently cover dividends through capital appreciation. Buyers in this category simply need to believe Bitcoin will not disappear and will outperform inflation, which may have already become a global consensus. 3. Bearish on Bitcoin — expressing bearish views by shorting Bitcoin or amplifying bearish positions on Bitcoin.