In theory yes. In practice no because at an auction the price goes down / interest up until there is a sucker that takes the bet.
You can see this with junk bond from crappy companies. At some point the risk/reward is closer to a lottery bet and almost always someone is willing to gamble (until one day nobody is anymore ofc...)
In theory yes. In practice no because at an auction the price goes down / interest up until there is a sucker that takes the bet.
You can see this with junk bond from crappy companies. At some point the risk/reward is closer to a lottery bet and almost always someone is willing to gamble (until one day nobody is anymore ofc...)