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While it is relatively less viral in Korea, there is quite a lot of buzz surrounding STRC overseas. STRC is essentially a Micro Strategy preferred stock; holding it pays monthly dividends at an 11.5% APR. Sailor claims that the STRC stock itself was intended to be pegged at $100, but regardless, this stock is going viral overseas. In Korea, perhaps due to the memories of being burned by UST, people instinctively get PTSD when seeing stocks that feel unstable or like a Ponzi scheme, so it tends to be mentioned relatively less. Anyway, regardless of whether STRC performs well or not, the higher its trading volume, the more BTC MSTR buys. It’s a bizarre scenario where the more people board the STRC Ponzi train... the more the "sailors" end up buying Bitcoin. While a permanent 11.5% yield is absolutely impossible... rather than feeling like you should buy STRC, it might be good to keep in mind that STRC trading volume could serve as a leading indicator for MSTR Bitcoin purchases.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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