Introducing 0% Coupon Bitcoin Bonds, By MicroStrategy

Introducing 0% Coupon Bitcoin Bonds, By MicroStrategy

I've heard some bad ideas in my time. Indeed, I've had some bad ideas in my time. And I've participated in plenty of bad ideas conjured up by other people. As someone who speaks from experience, let me tell you something about bad ideas: They don't always go wrong. Especially not in the near-term. In fact, bad ideas involving schemes to make large sums of money have a way of going right in the near-term, assuming the people involved are smart, conniving, or, less frequently, actually believe w
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3 thoughts on “Introducing 0% Coupon Bitcoin Bonds, By MicroStrategy

  1. They are perpetual calls- with giant counterparty risk. The market is probably not pricing that risk properly- that is obliquely what you reference as your common sense not liking the idea even if it works well in the short term.

  2. Living at the beach on the Oregon coast is a dream life. However, you know that every 300-900 years, there will be a massive earthquake on the Cascadia subduction zone, with an accompanying tsunami that will wipe out everything on the coast. The last such quake happened in the year 1700. Several generations could live and die on the Oregon coast before there is a major earthquake. But someday, somebody will be wiped out.

  3. The real question is regarding the “no risk” part. If BTC goes to zero (say), can MicroStrategy still pay off its loans based on its mundane revenue?

    Same question if BTC goes to 10K, 20K, 30K… I assume that, above 30-40K, MicroStrategy would be okay but who knows? What’s their average initial cost on BTC?

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