---
title: “That’s Our 2 Satoshis” — Pricing Bitcoin Using a CDS Framework
description: With the turmoil in soverign bond markets, we're reexamining how Bitcoin can be used as default insurance on a basket of soverign and bank credit default swaps (CDS).
---

[Arca Blog ](https://www.ar.ca/blog)

# [“That’s Our 2 Satoshis” — Pricing Bitcoin Using a CDS Framework](https://www.ar.ca/blog/ppricing-bitcoin-using-a-cds-framework)

 Written by [Jeff Dorman, CFA](https://www.ar.ca/blog/author/jeff-dorman-cfa) | Oct 17, 2022

[View full post](https://www.ar.ca/blog/ppricing-bitcoin-using-a-cds-framework)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Jeff Dorman, CFA"
  },
  "dateModified" : "2022-11-17T19:01:32.576Z",
  "datePublished" : "2022-10-17T15:44:58Z",
  "headline" : "“That’s Our 2 Satoshis” — Pricing Bitcoin Using a CDS Framework",
  "image" : {
    "@type" : "ImageObject",
    "height" : 1600,
    "url" : "https://4536350.fs1.hubspotusercontent-na1.net/hubfs/4536350/TO2S%20375x175%20%282845%20%C3%97%201600%20px%29%20%282%29.png",
    "width" : 2845
  },
  "mainEntityOfPage" : "https://www.ar.ca/blog/ppricing-bitcoin-using-a-cds-framework",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://cdn2.hubspot.net/hubfs/4536350/arca_horizontal.png",
      "width" : 278.07693
    },
    "name" : "Arca Blog"
  }
}
```