Yeah but this type of credit takes advantage of those people. You have zero down side protection. If bitcoin crashes because iBIT ETF dumps 50% of its coins then boom you are toast 

BlokchainB

I think your reasoning is fine, but you're lacking the awareness that there's 

 of people that don't have access to credit with such conditions.

econ

How to Borrow Against Your Bitcoin, or: Overcollateralized Loans are Inefficient

denlillaapan

I think your reasoning is fine, but you're lacking the awareness that there's _a lot_ of people that don't have access to credit with such conditions.