Damus
Michael Friedl · 6d
Your comment assumes that everyone knows that bitcoin is the best asset. Most people don't. They still want/need fiat.
 BlueDuckBTC profile picture
The investors lending their cash are taking a substantial risk if they don’t understand bitcoin. If they do understand, why would they not just invest in bitcoin.
If they have so much money it doesn’t matter to them much, again, why not invest in bitcoin.
If they are worried about investing in bitcoin but still want a yield, why not invest in index fund or some other instrument yielding 10% ?

I just think these questions would need to be answered if I were to put my trust in Strike and potentially risk my hard earned wealth.
Michael Friedl · 6d
They don't have to understand Bitcoin because the Bitcoin is just collateral. And they aren't taking any risk. The only risk is on the side of the borrower.