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21 sats \ 9 replies \ @Fabs OP 21 Feb 2024 \ parent \ on: What are you even gonna do with the money? Personal_Finance
Solid.
When do we expect banks to accept BTC as collateral for loans?
The only way I'd use my BTC as collateral would be through an established institution, like a big bank.
you did not learn anything. bitcoin was created to get rid of banks.
banks are becoming obsolete, they can now be replaced by a script.
"established institutions" are the ones that steal the most
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And you're living in a bubble.
Maybe within a decade? Fidelity could be first, they’ve been at the forefront of BTC, as a legacy finance corp.
Gotta watch the amounts, you absolutely do not want to get called
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Awesome, I do hope somewhere the next year-ish or so, maybe two... 😋
I'd only take a loan somewhere during a Bear market anyway.