According to @Andre_Dragosch, Bitcoin has effectively become the new hurdle rate for Bitcoin-treasury equities like MicroStrategy (MSTR), meaning investors expect MSTR to outperform BTC rather than the S&P 500, source: https://twitter.com/Andre_Dragosch/status/2011016030450049508. He states that MSTR’s equity risk premium should be framed as Bitcoin return minus the risk-free rate multiplied by MSTR’s beta to Bitcoin, which defines the performance benchmark traders should track, source: https://twitter.com/Andre_Dragosch/status/2011016030450049508. He adds that because investors can buy BTC directly without MSTR’s added credit and counterparty risks, any common stock issuance will be judged against BTC’s risk-adjusted returns, source: https://twitter.com/Andre_Dragosch/status/2011016030450049508. For trading, this implies monitoring MSTR’s beta to BTC and pricing equity raises versus BTC returns and the risk-free rate to assess relative value and potential alpha, as outlined by @Andre_Dragosch, source: https://twitter.com/Andre_Dragosch/status/2011016030450049508.

According to @Andre_Dragosch, the cost of common equity is anchored in the Capital Asset Pricing Model, meaning investors require at least the market return referenced by the S&P 500 plus an additional markup tied to a stock’s relative volatility, described as the Equity Risk Premium, source: @Andre_Dragosch on X, Jan 13, 2026. According to @Andre_Dragosch, this required return for common equity can be relatively high versus the cost of preferred equity and debt, which is critical when assessing equity issuance pricing and expected returns, source: @Andre_Dragosch on X, Jan 13, 2026. According to @Andre_Dragosch, traders should recognize that higher-volatility common stocks must clear higher CAPM hurdle rates than preferreds and bonds, using the S&P 500 benchmark plus an ERP-based markup when evaluating offerings and valuations, source: @Andre_Dragosch on X, Jan 13, 2026.

According to @QCompounding, Jeremy Siegel’s Stocks for the Long Run presents data showing equities have delivered the strongest long-horizon returns among major asset classes and concludes that long-term holding is superior to market timing, source: @QCompounding and Jeremy Siegel, Stocks for the Long Run. For traders, the actionable takeaway is to prioritize time-in-the-market approaches such as steady allocation or dollar-cost averaging because Siegel’s research finds timing strategies underperform over multi-decade horizons, source: Jeremy Siegel, Stocks for the Long Run. Risk management remains necessary, but the core edge comes from compounding the equity risk premium through persistent exposure rather than frequent short-term prediction, source: Jeremy Siegel, Stocks for the Long Run. This directly aligns with @QCompounding’s summary that time in the market beats timing the market, source: @QCompounding.

According to @QCompounding, Jeremy Siegel’s Stocks for the Long Run shows from historical data that equities deliver the strongest long-term returns and that staying invested beats market timing (source: @QCompounding; source: Jeremy Siegel, Stocks for the Long Run). For trading strategy, this supports prioritizing sustained equity exposure, using dollar-cost averaging, and rebalancing over frequent timing trades to capture the long-run equity premium (source: @QCompounding citing Siegel). The source does not mention crypto, so no direct BTC or ETH impact is provided in this reference (source: @QCompounding).

According to @CNBC, the S&P 500 dividend yield has fallen to its lowest level since the dotcom bubble, highlighting a historically thin income profile for U.S. equities, source: CNBC. This matters for traders because a lower index dividend yield mechanically reflects higher prices relative to dividends, making dividend-based valuation screens less attractive at the index level, source: CNBC. Cross-asset allocators may focus more on equities versus bond carry and sector leadership dynamics as yield scarcity concentrates performance, with potential liquidity implications for high-beta assets including crypto, source: CNBC. Crypto-focused traders can monitor equity breadth, the equity risk premium, and funding conditions to gauge whether equity income scarcity coincides with risk-on or de-risking across digital assets, source: CNBC.

According to Paolo Ardoino on Twitter, Tether is positioned as a mega hedge against societal instability, with the company's Equity Risk Premium (ERP) reportedly turning negative (source: @paoloardoino, June 7, 2025). This development highlights Tether's strengthening role as a stablecoin safe haven during periods of market and social uncertainty, which could impact trading strategies by increasing demand for USDT in volatile conditions. Traders should monitor USDT flows and liquidity trends for signals on broader crypto market sentiment as Tether’s negative ERP may attract institutional and retail investors seeking capital preservation.