Article
STRC Is Junk Credit In A Bitcoin Costume, And Retail Is Holding $8.8 Billion Of It
STRC Is Junk Credit In A Bitcoin Costume, And Retail Is Holding $8.8 Billion Of It
Authored by Glenn Cameron via BitcoinMagazine.com,
There is now $15 billion sitting in three securities being marketed to bitcoin holders as the safer, smarter way to access bitcoin exposure: Strategy’s preferred stack, STRC, and SATA.
The pitch is identical across all three.
Tax-favored. 11.5% income. Backed by bitcoin. Money-market risk. 82.7% of the buyer base is retail.
Every word of that pitch is wrong, and the security those buyers actually own is built to fail in exactly the bitcoin...
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Summary
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