Newmarket Capital Announces New Bitcoin Collateralized Loans \ stacker news ~bitcoin

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Newmarket Capital Announces New Bitcoin Collateralized Loans

2804 sats \ 15 comments \ @siggy47 16h bitcoin

I'm watching the announcement live on CNBC. I'll post the link to the video and other links as they are released. The CEO, Andrew Hohns, is very pro bitcoin. He used an example of a typical commercial real estate mortgage being refinanced into a loan that is partially collateralized by bitcoin. The lender uses it to counteract the loss of value due to the depreciating fiat over the term of the loan. The lender basically lends fiat to accumulate bitcoin. It can be looked at as another speculative attack on the dollar.

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156 sats \ 0 replies \ @siggy47 OP 15h

Here's the link: https://www.cnbc.com/video/2024/11/22/why-newmarket-capital-ceo-andrew-hohns-is-fusing-loans-with-bitcoin.html

43 sats \ 4 replies \ @Jon_Hodl 9h

Pretty fascinating. I am going to have to watch the video again to fully understand it but as far as I can tell, it's just a normal loan but the lender just buys bitcoin with the profits and holds for a minimum of 4 years.

Is that what other people are understanding?

0 sats \ 3 replies \ @siggy47 OP 9h

Yes. It seems to me that the lender is simply protected from dollar debasement by adding bitcoin to the collateral in addition to the real estate itself.

53 sats \ 2 replies \ @Jon_Hodl 8h

Seems like a great first step for the real estate industry to gain exposure to bitcoin.

How long do you think it will take real estate investors come to the realization that just buying and hodling the bitcoin is a better investment than taking on all the risks involved with real estate?

0 sats \ 1 reply \ @siggy47 OP 8h

I am actually involved in real estate management. I can't wait! Management is a nightmare to try to grind out 8% fiat profit, barring hurricanes or other unexpected expenses.

I'm watching Matt & Marty talking about the video now on TFTC.

53 sats \ 0 replies \ @Jon_Hodl 8h

Yes. This seems like a perfect tool for the industry to wean itself off of cheap credit and onto sound money.

63 sats \ 7 replies \ @BlokchainB 14h

Yeah Marty bent been talking about this on his podcasts the last month or so. It appears it’s becoming more into mainstream consciousness.

0 sats \ 6 replies \ @siggy47 OP 14h

I think so. It makes sense. People, myself included, loved to borrow at long terms to take advantage of fiat value deterioration. During covid the US govt was offering 3 1/2 percent fixed 30 year loans. Perfect way to buy some bitcoin. Imagine the buying power of those dollars after 30 years? Lenders are wizing up.

265 sats \ 5 replies \ @DarthCoin 13h

loved to borrow at long terms to take advantage of fiat value deterioration.

What about if it was a moral thing to do it, knowing that with your OWN signature in the lending contract YOU were the one creating new more fiat money? Banks do not create those money until you sign the papers. And you are literally paying a loan for money that you created in the first place.

You are literally signing your own debt slavery.

https://www.ecb.europa.eu/ecb-and-you/explainers/tell-me-more/html/what_is_money.en.html

0 sats \ 4 replies \ @siggy47 OP 13h

I don't disagree from a moral standpoint now that bitcoin exists. Pre 2009 people had to survive under the system forced upon them. We disagree also on speculative fiat attacks. You may not think it's right, but there's something satisfying about further degrading fiat and hastening its death while growing your bitcoin stack at the same time.

FYI- I'm not talking about Saylor. I distrust him for many reasons.

381 sats \ 3 replies \ @DarthCoin 13h

People must understand that we will make Bitcoin stronger by using it every day as money and less fiat. NOT by inflating the fiat money supply to buy more BTC. By borrowing more fiat to buy more BTC you are just making BTC price higher. That means nothing in adoption terms.

10 sats \ 0 replies \ @siggy47 OP 13h

I understand your point, but I think it's more complicated than that. Value is being transferred from the fiat system to the bitcoin system. If these bitcoin capitalists just sit on their bitcoin, I agree, adoption is not being aided. However, I look at guys like Peter McCormack. Whatever you think of him, he is using his wealth to spread bitcoin in his town. He bought a football team, pays the players in bitcoin, bought a bitcoin only bar.

I remember hearing Obi Nwosu on a podcast, saying wealthy bitcoiners need to use their bitcoin to invest in bitcoin businesses and spend bitcoin.

0 sats \ 1 reply \ @jk_14 9h

what if you:

take Bitcoin-backed loan
change that money from loan for BTC for every daily payment that you can pay with Bitcoin

using BTC every day as money is satisfied, isn't it?

21 sats \ 0 replies \ @DarthCoin 9h

No, you still don't get it: you create those new money with your own fucking signature. You inflate the fiat money supply, you do not help in any way Bitcoin. why people are nowadays so fucking fiat maxis and have in their mind only fiat gains? WNGMI like that.

Which part of this is not clear for you?

maybe I am too visionary and this world is so fucked up that can't get away... people will remain over and over in the same deep shit

210 sats \ 0 replies \ @DarthCoin 13h

Using Bitcoin as collateral for borrowing more fiat is a total bullshit, creating more shit then we need. This way we will never get rid of fiat. THIS WORLD IS REALLY MAD AND STUPID. People will never learn from the past: FTX, Nexo, Crypto, BlockFi etc...