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Jimmy Song, Bitcoin Educator, Developer, and Entrepreneur at https://x.com/jimmysong, argues that a structural feature of fiat money makes leveraged buyouts easier to execute, especially in the U.S., due to the widespread availability of loans.
Song points out that mergers and acquisitions can occur without savings, thanks to this ease of access to lending, and describes the U.S. as notably effective in this context compared to most other countries.