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How can they generate more than 5% yield on an asset which provides no cashflow? From proprietary crypto trading? Selling and investing in high-yield junk bon
by mbgaxyz 9y ago
How can they generate more than 5% yield on an asset which provides no cashflow?
From proprietary crypto trading?
Selling and investing in high-yield junk bonds?
It can't possibly be just speculation on a rising price.
- jonex 9y agoCould just be speculation on falling prices. 1. Borrow BTC 2. Sell borrowed BTC at high price point 3. Buy BTC including interest at lower price point at any time before payback date. 4. Give back BTC including interest at payback date. Basically just a way to short sell BTC.