4 ms·
Well, it's not that simple. They don't just go to a bank and borrow money. They are acting more like a fund which allows other institutions to invest into Bitc
by ArtTimeInvestor 2y ago
Well, it's not that simple. They don't just go to a bank and borrow money.
They are acting more like a fund which allows other institutions to invest into Bitcoin.
- miohtama 2y agoAnd this has a use case only because of the reclutance of outgoing US Democrats government and Gensler's personal reclutance to provide regulatory clarity. Had Bitcoin ETFs approved 10 years ago when they were first applied we would not have this kind of outlier.
- npoc 2y agoETFs only allow purchasing of spot bitcoin IOUs, whereas MSTR is open to a far bigger market (e.g. options, bonds, convertible bonds etc.)