MicroStrategy CEO and prominent Bitcoin (BTC) advocate Michael Saylor said the markets are not yet ready for Bitcoin-backed bonds. told.
Michael Saylor, March 29 on MicroStrategysubsidiary of MacroStrategyof be able to buy more Bitcoins for bitcoin secured $205 million loan after the statement Bloomberg conducted an interview with
Saylorin the interview markets are not yet ready for Bitcoin bonds and The best strategy for now is to get a term loan from a big bank. expressed.
One day, I would love to see people finally buy and sell Bitcoin-backed bonds like mortgage-backed securities. But I don’t think the markets are quite ready for that yet. The best strategy for now is to get a term loan from a big bank.
Saylor, El Salvador‘Fame March that it plans to export in Russia-Ukraine delayed due to volatile international conditions such as the war $1 billion in Bitcoin bonds He also made statements about
There is a lot of talk about El Salvador’s Bitcoin bonds. This is actually more of a hybrid debt instrument than holding Bitcoin in the treasury. These bonds carry their own risk. It has nothing to do with the risk entered by buying Bitcoin.
Saylor Also in the interview $205 million loan to be backed by MicroStrategy’s Bitcoin assets about Bitcoin-backed bond issuance, decentralized finance (DeFi) tools, and lending with digital assets from a range of financing alternatives, including your best option for shareholders indicate selected.
Today, everyone can use Bitcoin as a mainstay of any scale. and that this applies to all companies in the world, even municipalities. Saylor said, New York City (NYC) He concluded by giving an example.
For example, New York could borrow $2 billion and buy Bitcoin. While Bitcoin provides a return of at least 50% or more, the cost of debt is at most 2% or even below.
Company where Saylor is CEO MicroStrategy, finally in february 660 BTC taking the total bitcoin number of to 125,051 units had taken it out. CoinGecko according to data Bitcoin (BTC)at the time of writing at $47,214 the company in total $5.9 billion He owns Bitcoin worth of assets.