Disclosure: Multicoin Capital owns BNB tokens. For ethical reasons, Multicoin Capital abides by a “No Trade Policy” for the assets listed in this report for 3 days (“No Trade Period”) following its public release. Your margin is my opportunity. -Jeff Bezos, Founder and CEO, Amazon Binance is the crypto exchange that best exemplifies Bezos’s famous...
RT @BMBernstein: Very common misconception
Stock buybacks traditionally return cash flow bc they increase earnings per share
But with BNB, all the token gets you is a FIXED discount
Increasing your *proportion* of tokens w. a fixed discount doesn’t increase BNBs value bc cash flow is unchanged https://t.co/BazZHsYTU4