Everyone’s calling the “Bitcoin Treasury” narrative a bubble. And they’re probably right. But here’s why it’s going much higher 🧵👇 We’re in the early innings. If you position early in the fastest Bitcoin acquirers, you have a rare shot at generational wealth. Let’s look at the numbers 👇 ⸻ Last month, $4B was raised globally for Bitcoin treasury companies. In comparison, SPACs were raising $20B/month during the 2021 mania. And yet… This narrative is significantly bigger than SPACs ever were. Here’s why: 1️⃣ It’s global, not confined to U.S. markets 2️⃣ There’s $7 trillion in cash sitting in short-term treasuries 3️⃣ M2 money supply is at an all-time high 4️⃣ There’s a growing realization that Bitcoin is the pristine asset ⸻ As more capital allocates to Bitcoin treasuries: •Exchange supply shrinks •Holders tighten their grip •Volatility increases •Treasury equities become high-volatility options on BTC That creates a reflexive flywheel: More volatility → higher option value → easier capital raises → more Bitcoin buying This isn’t a top. It’s the beginning of a capital cycle that feeds itself. ⸻ Stay convicted. The next MicroStrategy is being born right now and $NAKA will likely own it at ground zero.