Damus
Jude · 1w
There is approximately $300T of capital locked in fixed income markets that they are competing with to let Bitcoin vacuum up. They issue common stock so that the fixed income dividends are tax deferred and to grow their capital base in order to issue more credit against it. There will likely not be ...
Jude · 1w
They essentially created a stable coin backed by bitcoin last year (STRC) that currently pays 11% annually. Banks are going to start buying this and raising their yields in their savings accounts (6%?) and keeping the difference . All that money flows straight into bitcoin which strengthens the cred...