[vasilipupkin]

right, but where does that interest come from? so SPY dividend comes from the stocks making money and earning cashflows. Bitcoin lending interest comes from people borrowing it to trade, a somewhat circular arrangement.

[trident1000]

Who cares what people who borrow do with it. 5% or whatever is all I care about as an investor + getting my money back.

[vasilipupkin]

Of course, just pointing out that this dividend doesn’t give bitcoin value, it exists when bitcoin has value. With stocks, the expected cash dividend is what gives them ultimate value.

[trident1000]

Youre pointing out at this stage that btc is a non cash flow asset...yes most people know that. Same with oil and commodities and gold.

[mikhailfranco]

The 'interest' comes from lending your BTC to short-sellers.

As always, where there's a return, there's also a risk.