STRC Counterparty Risk vs Bitcoin
STRC reintroduces counterparty risk and opacity that bitcoin was designed to eliminate, making direct bitcoin ownership a superior alternative for achieving the same cash flow profile.
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
"Bitcoin's entire reason for existing is the removal of counterparty risk, custody risk, and opacity from monetary holdings. STRC, Strategy's preferred stack, and similar instruments reintroduce all three under a marketing layer the underlying instrument cannot support. The alternative does not require any of that machinery: bitcoin in self-custody alongside a U.S. Treasury income ladder produces the same cash profile, with more terminal wealth and no corporate issuer in between."