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NYC Bets Big with Bitcoin Bonds—Wall Street Either Shrugs or Panics
NYC Bets Big with Bitcoin Bonds—Wall Street Either Shrugs or Panics
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New York just bulldozed into crypto’s institutional future—issuing the planet’s first municipal bonds backed by Bitcoin. Love it or hate it, the move reeks of desperation to stay relevant in the digital asset arms race.
City Hall’s gamble? That hodlers will trade volatility for tax breaks. Meanwhile, traditional finance veterans are either shorting the idea or quietly updating their resumes.
One thing’s certain: when the ’safest’ collateral becomes an asset that swings 20% before lunch, somebody’s going to need a stronger stomach—and a better risk management team.
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