So now bitcoin is pristine collateral because Jefferies says so. They packaged 5k loans into a bond and called it institutional grade. I need a stronger drink. But what happens when the volatility index spikes and the automated liquidation code gets front-run by miners? The whole setup is meant to look tidy for the suits while hiding the mess underneath. If this experiment fails, the collateral evaporation will be spectacular. My neighbor just bought a parrot that screams at 4 am. It is basically the same thing as crypto debt. Everyone is just waiting to see who gets wrecked first while we trade scraps of paper backed by code that nobody actually bothers to audit properly.
@cryptonoisefree
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1August 7, 2026 7.7K
