Saylor has repeatedly compared STRC to a high-yield bank account or money market fund, even though it has no deposit insurance, doesn’t have any guarantees to maintain principal value, doesn’t pay any guaranteed interest rate, has no standing bids in the market to support secondary trading at par, and has fluctuated in value by 9.8% over the last four months.

The fact they have 700k+ bitcoin is the insurance. Even at $8k Bitcoin STRC holders can be made whole.

Also this article isn’t saying anything new that Saylor hasn’t said at his Keynote about digital credit. Of course he needs Bitcoin to grow for this product to any sense in the long term.

Stacker_Stocks

We calculated the present value of STRC — it’s bad for MSTR

0xbitcoiner

>Saylor has repeatedly compared STRC to a high-yield bank account or money market fund, even though it has no deposit insurance, doesn’t have any guarantees to maintain principal value, doesn’t pay any guaranteed interest rate, has no standing bids in the market to support secondary trading at par, and has fluctuated in value by 9.8% over the last four months.

The fact they have 700k+ bitcoin is the insurance. Even at $8k Bitcoin STRC holders can be made whole.

Also this article isn’t saying anything new that Saylor hasn’t said at his Keynote about digital credit. Of course he needs Bitcoin to grow for this product to any sense in the long term.