Will corporate debt result in liquidation disaster for BTC?
Hey everyone, total noob question here, but I keep seeing news about companies taking on debt (mostly convertible bonds) to buy a ton of Bitcoin. If Bitcoin suddenly crashes, do these companies just get liquidated? Like, are they forced to sell their Bitcoin at a loss because of the debt? And if that happens, wouldn't it make Bitcoin's price drop a ton? submitted by /u/uxc1154 [link] [comments]
Hey everyone, total noob question here, but I keep seeing news about companies taking on debt (mostly convertible bonds) to buy a ton of Bitcoin. If Bitcoin suddenly crashes, do these companies just get liquidated? Like, are they forced to sell their Bitcoin at a loss because of the debt? And if that happens, wouldn't it make Bitcoin's price drop a ton?
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