TheGuySwann on Nostr: It's funny to watch TradFi get so butthurt about @saylor issuing debt to buy #Bitcoin ...
It's funny to watch TradFi get so butthurt about @saylor issuing debt to buy #Bitcoin with it rising faster than the cost of the debt... when that's literally what TradFi has been doing with real estate & stocks for like 30 years.
Real estate and corporate debt get artificially low interest rates, below the real inflation, to soak up all housing and buyback their stock that pump the value and ride it up forever while the debt gets devalued.
Looks like the same play to me, just without the overhead and rent seekers.
Real estate and corporate debt get artificially low interest rates, below the real inflation, to soak up all housing and buyback their stock that pump the value and ride it up forever while the debt gets devalued.
Looks like the same play to me, just without the overhead and rent seekers.