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Gold 1, Bitcoin 0
Coinbase, a publicly traded cryptocurrency company, recently announced that it will sell 1.5 billion worth of bonds (then revised it to 2 billion). Dollars. A leader of the crypto revolution is borrowing dollars. Without any awareness of the irony, crypto promoters say that this validates crypto. That a crypto company borrowed dollars supposedly validates crypto. Think about it, take as long as you need. I have been saying for over four years that bitcoin is not suitable for borrowing. And now the crypto bellwether demonstrates that they agree! Bitcoin is Not Suitable for Borrowing If anyone could borrow bitcoin, ... (full story)
