BitBonds: The $2 Trillion Idea That Could Slash The National Debt
Discussion
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“BitBonds are like regular bonds in the sense that Treasury would allocate 90% of the bond to fund the government. But it would then use the remaining 10% of funds to purchase bitcoin.
Upon maturity, investors would receive 100% of the bitcoin upside up to 4.5% of the total compounded return. After this benchmark is reached, investors would receive 50% of all remaining bitcoin upside. Meanwhile, the government would keep the other 50% of remaining bitcoin upside to supply the strategic bitcoin reserve.”
Evil feeds on fear.
Bitbonds, created for those investors interested in bitcoin and afraid of its volatility and potential failure, transforms this fear into a financial product sold directly by the treasury.
The upside is it can orangepill the masses.
The downside is the government is managing people's bitcoin portfolio and skimming 50% upfront.