Oddbean new post about | logout
 Loan out dollars to the US government: collect 5.5% risk-free on an asset that is depreciating faster than 5.5%

Loan out bitcoin to some douchebag: collect "5.5%" on an asset that is appreciating faster than 5.5% but with very high risk of losing the principal.

Lend dollars and buy bitcoin: Pay high interest on debt that has its principal erode faster than the asset you purchased appreciates and hold a low risk appreciating asset.

Lend bitcoin and buy dollars: wtf are you retarded? nostr.fmt.wiz.biz