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21 sats \ 2 replies \ @BlokchainB 24 Oct \ on: JPMorgan to Allow Bitcoin as Collateral by Year End Stacker_Stocks
Expect rates for bitcoin backed loans to fall. It’s the best collateral ever invented!
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73 sats \ 1 reply \ @freetx OP 24 Oct
Agree. In theory fully collateralized loans using HIGHLY liquid assets that are native digital should in theory be at (or possibly even below) federal funds rate.
I can't get over the fact that its fully collateralized, the risk to the lender is very very small.
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21 sats \ 0 replies \ @BlokchainB 24 Oct
Extremely small but bitcoin is still a baby. Unproven thus it will take time for the market to realize this. Most of the wealth of the world is controlled by people who were born way before the internet became synonymous with living now we are expecting them to understand bitcoin AND put all of their wealth in it? It’s highly unlikely
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