In the eyes of a thousand people, there are a thousand $MSTRs. In my view, $MSTR is a time thief that utilizes the liquidity and financial credit advantages of the US stock market to issue convertible bonds, borrowing money that is optimistic about Bitcoin's future to buy Bitcoin today. This behavior itself enhances the market's optimism about BTC's future, creating a classic financial recursive logic.
Those who understand the mathematical essence of the Mandelbrot set know that recursive logic implies a chaotic state in time, which grants BTC infinite possibilities.
Understanding this also helps to comprehend why SolvProtocol aims to replicate the $MSTR plan on-chain.
The passive income that SolvBTC offers (arbitrage interest, GLP returns, Babylon, and its ecological LST point rewards) becomes insignificant compared to on-chain $MSTR.
This is also where SolvProtocol differs from other Bitcoin ecological LST protocols.
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