原推：Argument for BNB at $8
The profit ratio between coinbase and binance is the better measure of future cashflow (since exchange volume statistics are manipulable) and BNB is a ~20% claim.
In comparable quarters (2Q21) Binance’s implied profit seems to be 1.25x that of Coinbase. https://t.co/jXV1rHBBpS
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. twitter.com/wintonARK/stat…