[Strive CEO: Permanently Long Bitcoin, Short the Dollar, Irreversible Long-Term Currency Depreciation] BlockBeats News, October 19, Matt Cole, CEO of Bitcoin treasury company Strive, published an article outlining his investment framework. He pointed out that long-term currency supply trends are an important reference for assessing the cost of capital. Over the past 55+ years, history has proven that scarce assets consistently outperform currency depreciation. Since 1970, gold has had a compound annual growth rate (CAGR) of 9.0%, compared to M2 at 6.7% during the same period. Since the global financial crisis, the figures are 9.5% and 6.3%, respectively, and since the COVID-19 pandemic, they have reached 18.3% versus 6.5%. Cole believes that Bitcoin, as digital gold, is a superior store of value and is still in its early stages. As it matures, its performance should surpass that of gold. As long as the trend of long-term currency depreciation continues and the debt crisis worsens, the excess returns of scarce assets relative to the dollar will accelerate. Regarding company strategy, Cole emphasized that the "Amplification Ratio" is the decisive factor for Strive to outperform Bitcoin, rather than the cost of capital. Establishing and maintaining a high amplification ratio without liquidation is extremely challenging, and most investors have yet to understand or fully price in the moat Strive has built around high Bitcoin leverage and high liquidity. They will only realize this when Bitcoin reaches a sustainable new high. Cole also criticized consensus investors for still focusing excessively on capital costs and fiat cash flows, likening it to picking up pennies in front of a steamroller of depreciation. Once the core principles of a Bitcoin standard are truly understood, they become crystal clear: maximize and permanently short the dollar, long Bitcoin. Additionally, yesterday Matt Cole released a chart of Bitcoin holdings, captioned, 'Now stacking sats with double the horsepower,' hinting at the disclosure of increased BTC holdings. Strive recently added 2,822 Bitcoins between October 12 and October 13, at an average price of approximately $83,266 per Bitcoin. This purchase cost $235 million, bringing their total Bitcoin holdings to 35,600 BTC. [Original Link]