pull down to refresh

Micheal Saylor talked about how good the bank will give you a mortgage against your bitcoins in the future. He said it's okay because they are "too big to fail". But I am one of the few who think this is a bad idea to give your bitcoin to anybody or institutions. People seems to never learn the lessons from the pass and are doomed to repeat the same mistakes, because in Bitcoin there is no bailouts nor free lunch.
People think they are smart, so instead of keeping 70% spending 30% of some bitcoin on a car or house, they want to give 100% of that bitcoin to a bank so they can get back that 30% worthles fiat dollar to make the purchase, just because they think the fiat dollars will lose most of their value by the time they pay the debt back. Again it's all fiat thinking. But they are not thinking about the bank losing so much in those trades that they can no longer keep the lights on(bankrupt) and they lose 100% of the bitcoin.
Remimber, the banks or any other institution cannot be trusted with your bitcoin, that's the whole purpose of Bitcoin, the trustless nature. Plus the banks are already insolvent. Micheal Saylor himself had to prematurely paydown a loan they took against their bitcoins from Sylvergate while it was collapsing back in 2023.
Why would you take your money to a place protected by a 4 wall bricks when you already have bitcoin? Convenient, compliance, willing to stay a debt slave or maybe all of the above then guess what? It's a matter of time untill you lose it all.
Bitcoin is not a debt based system but a value based system and any debts build on top of it will collapse with merits, and that's the beauty of it, plus there is no bailouts for the too big to fails.