Just as expected! Money is tight. Interest rates are falling thus investors will be looking got yield. With STRC hitting $100 now they can sell shares of STRC at ATM to peg the price below $100.
Saylor continues to pump our bags!!
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92 sats \ 2 replies \ @Scoresby 6 Nov
I'm still confused about STRC. It's on my list of things to research because PBJ said it was basically Saylor's answer to Tether. But I don't understand.
Any pointers on where to go to get up to speed?
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181 sats \ 0 replies \ @bitcoingraffiti 6 Nov
Saylor said this might be Bitcoin's killer app. Basically he's offering 10% annual dividends competing with all kinds of money market funds and bonds. The product is profitable for $MSTR holders as long as Bitcoin accretes more than 10%/y on average.
The TAM of this market is huge.
Basically it's Bitcoin stripped from all its volatility with 10% gains/y. This is very attractive for a lot of folks who are looking for the risk free investment.
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102 sats \ 0 replies \ @BlokchainB OP 6 Nov
Hmm I use YouTube. Wonder why PBJ said this? Adam Livingston just did a video about how STRC can become a stablecoin but it’s hypothetical. Here is his master guide on STRC.
But to make it simple if you have spare fiat and you don’t just want it sitting in a bank you can move it to STRC and earn 10% APR paid monthly. Saylor is trying to make 10% APR be the new “risk free rate”
The risk bitcoin or MSTR blows up and some major player on Wall St shorts it and breaks the peg/range MSTR is setting with STRC.
I know a lot of hardcore maxis hate this but to me it’s just a company using a public financial good and making products out of them that the market seems to find useful based in fiat terms.
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79 sats \ 1 reply \ @kurszusz 22 Nov
If Saylor's strategy is good, it will be good for us in the medium to long term...
I really hope Saylor's plan works! ;)
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0 sats \ 0 replies \ @BlokchainB OP 23 Nov
I as well
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