Default avatar
Bitcoin for Institutions
npub1ym5j...re5w
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 yesterday
ℹ️ Bitcoin is already less inflationary than gold, and will eventually add no new stock to the world's supply. When inserted into a monetary landscape of vastly inflationary monies like fiat currencies, stocks, bonds, and real estate, the supply-capped bitcoin will continue to absorb the monetary energy of its peers. From: Bitcoin Requires a Deflationary Mindset
Bitcoin for Institutions | Math Academy
Interactive course on Bitcoin for institutional investors
Bitcoin for Institutions yesterday
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 2 days ago
📌 What you'll gain: By working through Bitcoin for Institutions , you'll develop a comprehensive understanding of Bitcoin from an institutional perspective— including its limitations, its opportunities, and the specific strategies available for institutional exposure through deferred compensation, ETFs, treasury management, structured credit, and pension funds. From: Introduction
Bitcoin for Institutions | Math Academy
Interactive course on Bitcoin for institutional investors
Bitcoin for Institutions 2 days ago
The Strategy 1. Assume a forward-looking return of bitcoin as an actuarial assumption (30% or 40% a year is reasonable based on historical data). 2. Establish a clearly defined program that actually sells a certain amount of bitcoin regularly. 3. Demonstrate to auditors and regulators the ability to execute this strategy. 4. Classify a percentage of treasury gains as operating income instead of capital gains. To illustrate how a company could do this, consider a large bitcoin mining company that holds a BTC treasury from their mining operations: From: Bitcoin for Institutions
Bitcoin for Institutions | Math Academy
Interactive course on Bitcoin for institutional investors
↑