No – Digital Credit Cannot Be Replicated With Bitcoin and Treasuries

The article critiques Onramp's analysis of replicating Digital Credit with Bitcoin and U.S. Treasuries, highlighting factual errors in the report and arguing that Digital Credit's overcollateralization and external capital structure cannot be replicated by simple BTC/Treasury portfolios. The author emphasizes economic and empirical flaws in Onramp's 'simpler trade' argument.