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Many retirement accounts (x% of $7.4 trillion) cannot be invested directly in bitcoin or even GBTC. For that reason, I bought MSTR. That said, I'm nervous abou
by asah 6y ago
Many retirement accounts (x% of $7.4 trillion) cannot be invested directly in bitcoin or even GBTC. For that reason, I bought MSTR.
That said, I'm nervous about the debt raise because it begs for regulatory action.
One thing's certain: the successful raise and the increased size point to tremendous interest in Bitcoin from investors of all sizes.
- ac29 6y ago> One thing's certain: the successful raise and the increased size point to tremendous interest in Bitcoin from investors of all sizes. No it doesnt. It points to the fact that the market will buy USD debt paying out interest in USD. A US 5 year treasury note pays out a little under 0.4%, so this note paying 0.75% is a way to get a little more yield by taking on some credit risk.
- xur17 6y agoIt's surprising to me that the additional risk is only worth 0.35%.
- toomuchtodo 6y agoEveryone chasing yield is driving down risk premium. Look at the rate on Illinois and Puerto Rico bonds.