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Lyn Alden: Bitcoin's Next Bull Run + 2023 Macro Outlook

Coin Stories

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Is That What Commodity Encumbrands Refers To?

Commodity encumbrands refers to sort of the rights, the ability to take the possession essentially of commodity production. It's basically saying, okay, we'll lend you money. Sometimes it's just the simple as you pay us back interest. But other times, it's okay, if you if you have trouble paying interest, we'll either get the asset or we'll get rights of future production from that asset. And so an increasing percentage of marginal commodity production out there is part of some of these longer term arrangements.

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