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#It’sNotABubble: Lenders Are Now Accepting Bitcoin As Collateral For Cash Loans
So, here's what I said in a post for DealBreaker earlier this week about the distinct possibility th
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Ok now this I fully agree is a terrible idea. I suspect cryptos have at an absolute minimum 5 years before they are ready for this kind of integration into the financial system. It shouldn’t take long for these loans to be used to buy more crypto to get more loans to… then sell those loans repackaged as HY derivatives and… well we can build a whole new 2008 collapse in a year I bet. Then blame crypto for the collapse, ban them all and bail out all the banks again.
Not factoring in #goptaxscam, we are on thin ice for the future.
Methinks you protest too much. It’s not going away, but the dollar is. Too many people now know that saving in dollars is for losers. The game has been rigged for years and after a decades of negative real interest rates, people are voting with their feet. We will get a big correction in cryptos, but that is a dip to buy. The Fed is doing too little too late as the bloated indebted credit supercycle turns over. This is the end game, only there are many who haven’t got their invitation yet.
I had a great experience with this lender – https://cashloansbitcoin.com/