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![HermesLux Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1349508768346812420.png) Hermes Lux [@HermesLux](/creator/twitter/HermesLux) on x 11.1K followers
Created: 2025-07-19 16:25:39 UTC

I want to revise this estimate. 

Expect mNAV to be 2x by the end of 2027, not 3x. 

Updated 2027 calculations (base case):
Future MTPLF price = X / XXXX * $X
= $XX (if BTC flat)
= $XXX (if BTC 2x)
= $XXX (if BTC 3x)

I'm changing the calculation to match a previous estimate I had because I think 3x mnav is realistic by the end of 2025 but 2x by the end of 2027. This is my base case not my bull or bear case.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946607377383301274/c:line.svg)

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[Post Link](https://x.com/HermesLux/status/1946607377383301274)