The Fed Probably Now Owns Bitcoin Junk Bonds?!

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4 years ago
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In this episode, we look at the preposterous, unforeseen consequences of central bank intervention in propping up markets. Due to the fact that the Federal Reserve purchases shares of junk bond ETF's, they own a small piece of newly issued junk bonds. This means that the Fed owns a small slice of Microstrategy's ( $MSTR ) recently issued debt that was raised to purchase bitcoin $BTC.

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