Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire
JPMorgan analysts believe MicroStrategy's debt-funding approach to Bitcoin purchases could worsen a market downturn.
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The global crypto market cap is $2.6 trillion, with a 24-hour volume of $140.52 billion. The price of Bitcoin is $68,346.16, and BTC market dominance is 51.7%. The price of Ethereum is $3,675.47, and ETH market dominance is 17.0%. The best-performing sector is Agriculture, which gained 11%. The Crypto Fear & Greed Index is currently Greed (81).
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Analysts warn MicroStrategy’s plan to fuel Bitcoin buys with debt could backfire
JPMorgan analysts believe MicroStrategy's debt-funding approach to Bitcoin purchases could worsen a market downturn.
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You mean like the U.S. Treasury market? The whole finance system is based upon debt-funding. Nothing to worry about here. The U.S. government has told us that the current economy is better than ever. Besides, even with the very remote chance of a downturn ever occurring (NOT!), Jerome Powell has promised us that they have tools to handle anything like that. Like more debt-funding, oh I'm sorry, I mean stimulus.