“Bitcoin loans are being priced around 12% interest rates.” — @Eric, Partner of Epoch VC
Yates emphasized at the The Bitcoin Mena Conference that his focus wasn't on Bitcoin's volatility, but rather on its market structure.
He argued that Bitcoin lending looks expensive not because the risk is unmanageable, but because banks aren’t participating. In a market dominated by non-bank lenders, pricing reflects capital scarcity, not necessarily credit fundamentals.
What stood out:
✅ Non-bank dominance driving high lending rates
✅ Banks’ cost of capital as a structural advantage
✅ Lending as a cleaner balance-sheet entry point
✅ Bitcoin framed as reserve exposure via credit
The interesting signal is strategic. If banks enter, margins may compress — but balance sheets could quietly expand into Bitcoin exposure through lending rather than outright holding.
Follow me - @Johnny for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejohnnycrypto #bitcoin #nostr #BTC #grownostr #asknostr
Yates emphasized at the The Bitcoin Mena Conference that his focus wasn't on Bitcoin's volatility, but rather on its market structure.
He argued that Bitcoin lending looks expensive not because the risk is unmanageable, but because banks aren’t participating. In a market dominated by non-bank lenders, pricing reflects capital scarcity, not necessarily credit fundamentals.
What stood out:
✅ Non-bank dominance driving high lending rates
✅ Banks’ cost of capital as a structural advantage
✅ Lending as a cleaner balance-sheet entry point
✅ Bitcoin framed as reserve exposure via credit
The interesting signal is strategic. If banks enter, margins may compress — but balance sheets could quietly expand into Bitcoin exposure through lending rather than outright holding.
Follow me - @Johnny for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejohnnycrypto #bitcoin #nostr #BTC #grownostr #asknostr