How can they generate more than 5% yield on an asset which provides no cashflow?
From proprietary crypto trading?
Selling and investing in high-yield junk bonds?
It can't possibly be just speculation on a rising price.
From proprietary crypto trading?
Selling and investing in high-yield junk bonds?
It can't possibly be just speculation on a rising price.
1. Borrow BTC
2. Sell borrowed BTC at high price point
3. Buy BTC including interest at lower price point at any time before payback date.
4. Give back BTC including interest at payback date.
Basically just a way to short sell BTC.