Executive summary This report analyzes a recursive leverage strategy on entity[“cryptocurrency”,”Bitcoin”,”BTC”]: post BTC as collateral, borrow entity[“cryptocurrency”,”USD Coin”,”USDC”], acquire more BTC, re-pledge it, and repeat. The core balance-sheet math is valid, but …
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The dream: BTC collateral → borrow USDC → buy BTC → add BTC as collateral → borrow again → repeat. This is the Digital Collateral Flywheel. Beautiful. Savage. Mechanically elegant. But the …
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So then, maybe the simple ideas if you assume you want to maximize your money, just maximize the number of bitcoins you own by any means?  Also means posting your own …
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