Listening to nostr:nprofile1qqs879mhq6kkuzh2wk57xdzanl76uem8d7hlyjd7v4a4jcm4u88d8ygprdmhxue69uhhyetvv9ujucnfw33k76twwpshy6ewvdhk6qg5waehxw309aex2mrp0yhxgctdw4eju6t0przs4p from last week during a Monday workout.
I always appreciate that nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgdwaehxw309ahx7uewd3hkc5k2uzc doesn’t get sucked into all of the bitcoin narratives around things like Chase margin requirements on MSTR.
Be careful out there with Bitcoin cope and/or hype. Don’t believe every narrative you hear.
If you’re not a Bitcoin bull and you see people leveraging on leveraged products you would raise your margin requirements too.
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FYI, to nostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgeyqy52 and nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8sutzslp , JPMorgan makes money on their IBIT product by building their commission into the price. It's called an "up front" and they probably charge 3% for that 3-year product. For instance, it (potentially, and if my memory serves) pays a 16% coupon if it doesn't get called back. They could pay, say 19%, but only pay 16% and the 3% is their commission. The client's just likely never see it. That's how these structured products work.
"If it gets called back," i should have said.