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> 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
by 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.