The Market Isn’t Ready for Bitcoin Backed Bonds, says Michael Saylor

Michael Saylor – CEO of MicroStrategy – recently expanded on his company’s newly established, Bitcoin collateralized loan with Silvergate bank. He suggested that the loan was his company’s next best option besides Bitcoin-backed bonds. However, he doesn’t believe financial markets are ready yet for such a product. The Loan vs. the Bond MicroStrategy is the largest individual holder of circulating Bitcoin in the world (with the possible exception of one mystery whale). On Friday, the company resumed its efforts to…