Bitcoin’s potential to generate sustainable yield on customer deposits has become a point of contention between two prominent figures in the crypto space. Michael Saylor, the executive chairman of MicroStrategy, believes that mainstream banks with proper risk controls could offer Bitcoin yield to customers, thereby creating a return on their investment. However, Saifedean Ammous, author of “The Bitcoin Standard,” disagrees, asserting that a fixed supply asset like BTC cannot produce sustainable yield. He argues that without a lender of last resort, the model is bound to fail. Saylor, on the other hand, argues that big banks backed by the government would not fail unless the government itself did. The debate raises questions about the future of Bitcoin and its role in the traditional banking system.
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Bitcoin Standard Author Challenges Michael Saylor: Should Banks Offer Yield On Your BTC?
