Bitcoin is the Hurdle Rate
The hurdle rate represents the minimum acceptable rate of return that a project or
investment must achieve to be considered viable. Traditionally, when a project fails to
meet this threshold, it is deemed an inefficient use of capital and should be rejected.
Investment managers have historically calculated the hurdle rate as the "risk-free rate"
plus a "market risk premium.
" This report examines the limitations of this conventional
approach and presents Early Riders' alternative perspective.