That's why I keep listening to bitcoin podcasts, I'm doing my part
Discussion
Maller’s money matters podcast is my favorite
Its SIMPLE guys! Saylor is borrowing something that ONLY GOES DOWN to buy something that ONLY GOES UP
If they are custodying ALL the coins, it’s a genius move and the arbitrage is only closed when debt yields == Bitcoin’s annual price appreciation. Spoiler: that’s a very big gap.
MSTR needs to provide proof of reserves. Don’t let Coinbase fractional reserve the best business tactic potentially ever.