Wu says that Joe Burnett, Vice President of Bitcoin Strategy at Strive, stated that the current market has three main types of investment views on Bitcoin: first, the bullish camp, who believe that Bitcoin’s long-term annualized return exceeds the cost of financing, and are therefore willing to borrow long-term capital to increase their Bitcoin holdings; second, neutral investors, who treat Bitcoin as a “Digital Credit” asset—needing only to believe that Bitcoin will not disappear and that it can broadly keep up with US-dollar inflation growth over the long term to meet their return needs. For example, according to Michael Saylor, if Bitcoin grows at an average annual rate of 3.3%, it can continuously rely on capital gains to pay current dividends; third, the bearish camp, who can express their view by shorting Bitcoin or using leveraged Bitcoin products. Burnett believes that as bullish, neutral, and bearish investors all have corresponding Bitcoin investment tools, more capital is likely to enter the Bitcoin market.