So if I want to finance 1BTC over 10 years. I am essentially locking in today’s Bitcoin price with only 10% down. Let’s say 8k on an 80k price. Then I pay monthly, like a mortgage, principle and interest until it is paid off. If Bitcoin goes way up I am definitely compelled to pay but if it drops 90% and never recovers why wouldn’t I just default?
If this is the case I am guessing this will have pretty high interest rates.
If the rates aren’t absurd I would definitely be interested in this.
I am curious.
So if I want to finance 1BTC over 10 years. I am essentially locking in today’s Bitcoin price with only 10% down. Let’s say 8k on an 80k price. Then I pay monthly, like a mortgage, principle and interest until it is paid off. If Bitcoin goes way up I am definitely compelled to pay but if it drops 90% and never recovers why wouldn’t I just default?
If this is the case I am guessing this will have pretty high interest rates.
If the rates aren’t absurd I would definitely be interested in this.