Aaron Wise
4.2K posts
$STRC is a brilliant instrument. It’s effectively what I tried to do with Bitcoin Bonds: strip out the volatility from Bitcoin and share the upside with investors. There is a massive market for a product like this somewhere in the ballpark of $200 trillion. There’s nothing structurally wrong with the design of STRC (or SATA, MARS, etc.) unless you think Bitcoin won’t appreciate in the long term, which I’m sure none of us do. Can STRC trade for under $100? Yes, of course it can. It moves freely according to market forces (this drop was caused by some leveraged plays). Do some people panic when it’s below par? Probably. That’s the behavior of short-term capital. However, when STRC is trading below par, that’s an opportunity for long-term capital to arb it. It’s the same case as when stablecoins like USDt (note STRC is not a stablecoin) are trading below their peg. It presents an opportunity for people to come in and earn money by buying it at an effective discount and redeeming for $1. It happens all the time. STRC pays the same dividend whether you bought it for $90 or $100. Long-term capital will absorb any below-par STRC like a dry sponge. Keep in mind that STRC is not even a year old. It’s still a baby, albeit one that’s growing at an incredible pace. It seems fashionable to dunk on it these days, but it’s far too soon to say it doesn’t work. Remember, the goal is to strip out the volatility from Bitcoin to package it into an instrument for investors who aren’t necessarily seeking out Bitcoin. This isn’t a year-long project. It’s a decades-long initiative that requires a massive balance sheet to shock-absorb. And that’s exactly what @Strategy has.
Why I Sold All My Bitcoin... it's over. (Full video below)
Realizing my $10k is only worth $7.4k now. I deposited 10k USDC and swapped them to 10k sUSD for the trading comp but never actually traded. sUSD has depegged and trades at $0.75 now. Barely any talk on CT. WTF is this shit?
Announcing a new division of Midjourney called "Midjourney Medical"
We have 32 years of dividend coverage through our $BTC Reserve.
