I think in the future, #Strategy will effectively set the floor rate at which we can borrow against #Bitcoin. Why would the borrow rate ever be lower than the yield on #STRC?
If I could borrow dollars against my #BTC at 5% and make 11% on STRC I would borrow as much as I could.
If I can put my dollars into STRC at 11%, why would I ever lend them to BTC collateralized borrowers at 5%?