MicroStrategy CEO Michael Saylor said that global markets are not yet ready for Bitcoin bonds.
Saylor talked about Bitcoin bonds in a recent interview with Bloomberg. Expressing that he is hopeful about Bitcoin bonds, Saylor still does not think that this will happen very soon. In a statement on the subject, Saylor used the following expressions:
“I would love to see people sell Bitcoin-backed bonds like mortgage-backed securities in the future. However, the market is not quite ready for this right now. The next best idea was a term loan from a large bank.”
The statement comes after the country postponed its Bitcoin bond plan due to uncertain market conditions created by the invasion of Ukraine. As we reported earlier, the country has announced that it plans to sell $1 billion in Bitcoin bonds to finance Bitcoin City and Bitcoin purchases.
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