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The Bull case for bitcoin in treasury stocks

Tom Winnifrith
Wednesday 16 July 2025
I think this is bullshit but a former olive harvester at the Greek Hovel sends me a bull case, c/o Matt Levine who is no fool. The problem is that even this sensible bull case which I do not really agree with would only justify a valuation of, perhaps, 2x NAV not the sky high multiples that penny share grifter Andrew Webley at The Smarter Web Company (SWC) seeks to justify. Levine posts…

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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