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Bitcoin for Institutions
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Insights from "Bitcoin for Institutions" by Brian Hirschfield. Learn how institutional investors can approach Bitcoin. Buy the book: https://zeuspay.com/btc-for-institutions Free course: https://bfi-liart.vercel.app
Bitcoin for Institutions 1 week ago
The Four-Year Rhythm: The earliest that bitcoin collateral can be wound down is four years, aligned with bitcoin's four-year halving cycle. The loan carries a single-digit interest rate and has a maturity of 10 years. Credit markets operate around the concept of subordination - which loans get paid off first if a borrower has multiple loans. The most senior loan (paid off first) is the most creditworthy and demands the lowest yield. This idea of seniority is about to be flipped on its head by Battery Finance's loan product. If a borrower posts bitcoin as collateral, this loan would automatically become the most senior loan - not because of contractual priority, but because of behavioral prio... From: Structured Credit
Bitcoin for Institutions | Math Academy
Interactive course on Bitcoin for institutional investors
Bitcoin for Institutions 1 week ago
📝 On writing this book: "Bitcoin doesn't write books, but it enables people to see value more clearly for themselves, particularly when it comes to what a person spends their scarce time on. Understanding what in the world comes from work and energy, as opposed to the stroke of someone's pen or from printed money, helps people clarify what has true value." From: Introduction
Bitcoin for Institutions | Math Academy
Interactive course on Bitcoin for institutional investors
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