𝐓𝐗𝐌𝐂
𝐓𝐗𝐌𝐂|Mar 12, 2025 00:12
This Bitcoin bond idea seems to essentially transfer most of the responsibility of paying the yield from the US Treasury itself to Bitcoin's price gains, and I guess implicitly assumes the buyer of the bond will accept BTC payment in-kind instead of dollars. This would seemingly put a ton of pressure on Bitcoin spot markets as the release valve for dollar demand downstream of the bonds. Also assuming a 30% CAGR in perpetuity is very bold tbh.
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