🚨 Bitcoin-backed loans sound smart until the math hits.
BTC drops 23% and a 70% LTV loan can get liquidated.
Add interest and volatility, and you could be forced to sell at the bottom.
Why borrow against the hardest money ever created?
Bitcoin is MONEY. 🟠
BTC drops 23% and a 70% LTV loan can get liquidated.
Add interest and volatility, and you could be forced to sell at the bottom.
Why borrow against the hardest money ever created?
Bitcoin is MONEY. 🟠
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