It's basically a registered/regulated Celcius/BlockFi where the sole borrower is Strategy. If it implodes it strikes another blow to the yield narrative. Aside from yield being offered under normal loan terms, where the yield won't be as good, it doesn't get safer.
If it does implode, sanity returns and "digital energy" stops appearing to defy the laws of physics. If it doesn't implode, bitcoin will continue moving into fewer hands and more quickly. So it imploding is better for bitcoin longterm imo. But I still don't care relative to how much I care about bitcoin being used as money.
I voted
don't care. 'Cause I don't.It's basically a registered/regulated Celcius/BlockFi where the sole borrower is Strategy. If it implodes it strikes another blow to the yield narrative. Aside from yield being offered under normal loan terms, where the yield won't be as good, it doesn't get safer.
If it does implode, sanity returns and "digital energy" stops appearing to defy the laws of physics. If it doesn't implode, bitcoin will continue moving into fewer hands and more quickly. So it imploding is better for bitcoin longterm imo. But I still don't care relative to how much I care about bitcoin being used as money.