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I don't see it that way, they are offering a yield subscription service thats resulted in the best performing bonds in the entire credit market These corporate
by yieldcrv 2y ago
I don't see it that way, they are offering a yield subscription service thats resulted in the best performing bonds in the entire credit market
These corporate bonds currently have a B grade and will continue rising to A grade, opening up the flood gates of who can buy them
The bond market is much larger than the stock market but is largely ignored by retail traders because of its perceived boringness
Despite the B grade, they are currently under selling these bonds for the size of the appetite for these bonds
they are both the exchange and issuer for a coveted financial product, which is fine in the primary market but unique in that they are the only issuer of this financial product
and yes that is intrinsically tied to the special bitcoin operation. it would be nice if the bitcoin holdings had some kind of yield or was productive in some way, but the lack of that for a commodity or inventory isn't unique to bitcoin or many companies’ balance sheets
in comparison to say, De Beers constricting the supply of diamonds, or gold holders, bitcoin’s much more advanced properties that transparently show the whole supply allow for confidence in the price discovery and future price discovery
The bonds are a low overhead highly scalable fintech service, very similar to the other darlings in Nasdaq. The bitcoin inventory justifies the bonds.