Threadguy on RoboStrategy vs MicroStrategy
by Tufail: Pop Trends
Threadguy explains why RoboStrategy makes more sense than MicroStrategy. He questions the logic by asking why anyone would pay $1.50 for a Saylor Bitcoin when they could simply buy a ThreadGuy Bitcoin for $1. The Bitcoin approach never made sense to him because investors could acquire it on their own. He continues by asking why anyone would pay $1.50 for Kang robotics exposure. The key difference is that you cannot get Kang robotics exposure otherwise. You cannot get into Figure. You cannot get into any of these names. Another point he makes is that because RoboStrategy is all private companies, their valuations do not really go down. There will not be too many down rounds in private markets for robotics companies. It is not going to happen. It is just up, up only, up only.
Transcript (en)
I really like this stock. It's such an interesting one because you think about RoboStrategy versus MicroStrategy. And the thing that's fundamentally different is that, like, why does it deserve a premium for MNav? I never understood why strategy got a premium. Like, why would I pay $1.50 for a sailor Bitcoin when I can buy a ThreadGuy Bitcoin for $1? Never made sense to me. And then when you think of the bot one, it's like, okay, why would you pay a dollar and a half for Kang robotics exposure when you could pay $1 for, you know, ThreadGuy robotics exposure? And the difference is that you cannot get Kang robotics exposure. You can't get it. You can't get in figure. You can't get into any of these names. And it actually creates a place in the world for this vehicle to exist. Like it actually makes sense why this vehicle would exist. The Bitcoin thing makes no sense because you could buy it on your own with your own capital You could buy the ETF You could buy it in any brokerage You could buy it anywhere And so the RoboStrategy one is a little bit more interesting to me where it like okay if you long robotics how do you get exposure It's tough. You could buy Tesla, but you're not getting direct access to Tesla humanoids. By buying Tesla, you're getting Tesla at 400, you know, Ford PE. And so this setup is significantly more interesting to me from an intellectual standpoint than MicroStrategy. because the MicroStrategy thing never made sense to me. Like, why does Saylor... You bet on Saylor's ability to... You know, you give him a premium because you're betting on his ability to buy more Bitcoin. But like, why can't I bet on my ability to buy more Bitcoin? It never made sense to me. And so we're going to keep a very, very close eye on this. Another thing about it, by the way, is that because RoboStrategy is all private companies, their valuations don't really go down. Like, there's not going to be too many down rounds in private markets for robotics companies, if any. There will be no down routes. It's not going to happen. Just up, up only, up only. And so you kind of get a floor on like AUM for the valuation of these private companies.
