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For the same reason banks lend out money for people to buy houses.

The dollars come from thin air, and they get to collect that juicy interest. Banks can’t just print money from nothing and buy Bitcoin. The Fed and Gov won’t allow it.

Same here; they can conjure money from the ether and lend it out to Bitcoiners in order to collect interest.

Read ‘The Creature from Jekyll Island’

BlueDuckBTC 7mo ago 💬 2

But we don’t know who is giving Strike the funds. If it is banks, what you say does make sense but if it’s private money it is financially smarter to just buy bitcoin.

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Discussion

DRE 7mo ago 💬 1

If it’s not a bank, then they are probably using these loans to sell fixed income products to boomers and normies, offering somewhere between 8-10% yield, which is far superior to what US bonds would give them.

DRE 7mo ago 💬 1

It’s most likely NYDIG as Jack has alluded to, but not officially announced as far as I know

BlueDuckBTC 7mo ago

Yea, just wait and see if anybody questions him on it. It may be of no importance but worth asking.