Peter Schiff, a notable critic of Bitcoin, has often called it ‘digital fool's gold.’ In a surprising turn, it was revealed that his asset management company gained exposure to a bitcoin-backed bond issued by Samara Asset Group. This bond signifies a historic shift in integrating cryptocurrency with traditional finance, raising €20 million to enhance bitcoin holdings. Samara, recognized for issuing Europe’s first Bitcoin Bond, structured the bond to not only offer a 10.062% annual coupon but also incentivize bondholders based on Bitcoin’s performance, showcasing evolving dynamics in investment strategies.
Peter Schiff has long dismissed Bitcoin, labeling it 'digital fool's gold,' yet his firm unexpectedly invested in a bitcoin-backed bond, revealing a striking irony.
The issuance of Europe's first-ever Bitcoin Bond by Samara Asset Group highlights a significant shift in the perception and utilization of bitcoin in the traditional financial sector.
Collection
[
|
...
]