Saylor is right about yields: They are not a bad thing

In the podcast with Safidean, they had an argument over yields on Bitcoin.

Safidean argues against yields on Bitcoin. In his view, trying to get yields on Bitcoin is foolish, since it's hard/potentially deflationary money. He seems to be against taking any risks with Bitcoin, perhaps wary of financial instruments that veer too close to fiat. If I'm mischaracterizing his argument I'm happy to be corrected.

Saylor argues that Bitcoin is an asset that can be deployed as necessary (a "performing" asset vs a "non-performing" asset). As highly liquid capital, Bitcoin is in fact ideal for both lending and use as collateral with the one necessity being a trustworthy bank to act as a go-between.

Celsius, BlockFi, etc tried to do this but failed due to bad business practices.

However, if and when a trustworthy bank enters the picture, Bitcoin will be a tremendous asset to use for yields. Cantor Fitzgerald is already going down this road. Hopefully more will be on the way.