2 articles
Michael Saylor argues that the cryptocurrency market's lack of a fully developed non-rehypothecating credit system is suppressing Bitcoin's price. He explains how rehypothecation, the reuse of collateral, enables high leverage and the creation of synthetic positions that can distort the spot price.
Michael Saylor suggests that rehypothecation practices within the crypto economy are artificially suppressing Bitcoin's price. Despite this, experts point to strong fundamental growth and increasing demand drivers like ETFs and corporate adoption, anticipating a significant price surge once market uncertainty subsides. Meanwhile, Coinbase expands into stock trading, and Meta plans a stablecoin relaunch.
