97. Bitcoin Strategy with Michael Saylor
The Bitcoin Standard Podcast
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Is There a Leverage in Between Two to One or 20 to One?
Lyke: I'm not a real big believerin in borrowing money that gets marked to market, because you get this destructive cycle rat where the asset trades down. But if i had a a million dollars of bitcoin, and my choice was to borrow a hundred thousand dollars against it at six %, seven or eight %, i would probably borrow the hundred thousand, pay the eight % and keep the million dollars of exposure, then sell it. Lyke: You just have to be able to stomach the volatility. Theway you stomach the volatility is you keep your loan to value really low, relly low. If bicoin appreciates at 20 %, you'd have one point two
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