Is Bitcoin-Backed Digital Credit Dead After MicroStrategy’s STRC Crash?
Digital credit faced its first real stress test this week, as MicroStrategy’s STRC preferred stock crashed, prompting critics to declare the Bitcoin-backed asset class dead. Bitcoin (BTC) itself has weathered the same obituaries many times before. On-chain data now tells a different story, with network activity climbing to multi-year highs even as the price slides....
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