原推：Argument for BNB at $240
a liquid market determines fair value
Argument for BNB at $60
Should consider it a 20% claim on Binance equity, binance at ~10x coinbase volume should be worth 10x more. https://t.co/O2mNeNqtyD
Shouldn’t BNB coin trade as a weak equity claim on Binance’s future cashflow?
Previously burnt at a rate of 20% of profits.
At ~$50b in market cap(!!!) this implies binance equity as a whole worth at least $250b
Does not reconcile to Coinbase at $6.4b in enterprise value