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.
Who the hell would lend the US government money?
The banks only "lend" what they create out of nothing, so that kind of deal can be pretty appealing.
Primary dealers do not create money to buy us debt. It is illegal. They must purchase with cash. The fed can however buy them from banks by creating money
However, currently, the fed is still tightening, their balance sheet is shrinking not growing.
