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Bitcoin-Backed Loans and Corporate Strategies
This chapter explores the complexities and risks associated with Bitcoin-backed loans from both lender and borrower perspectives. It discusses the implications of using Bitcoin in corporate finance, including its evolution as a collateral asset and the challenges faced by companies like MicroStrategy in adopting Bitcoin into their balance sheets. The chapter also examines the role of stablecoins within the cryptocurrency market, questioning their reliance on blockchain technology while highlighting their significant transaction volumes.