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Treasury bond is a bond with a guarantee. Those who are clever will never put their money in bitcoin, because they will never want to put their money in a risky place.
The good things about Treasury bonds are,
Providing guaranteed interest, although may be negative due to the inflation rate.
Investors have some taxes, the more transactions they make, the more benefits they will get. And in my opinion, this is the reason why many users are buying bonds because there are some negatives. So those who are still putting you at half the risk in Bitcoin other than using Treasury bonds may not be much smarter anyway.
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