Strike Drops Bitcoin-Backed Loans—Borrow Against Your Hodl Without Selling
Bitcoin maximalists, rejoice: Strike just handed you a way to leverage your stack without capitulating to fiat. The payments company—already a heavyweight in BTC adoption—launched zero-collateral loans backed solely by your bitcoin holdings.
How it works: Deposit BTC as collateral, borrow dollars against it. No credit checks, no bank queues—just pure, decentralized liquidity. Interest rates? ’Competitive’ (read: probably still brutal by TradFi standards).
The catch: If BTC tanks, expect a margin call faster than a crypto bro yelling ’BTFD.’ But for true believers, it’s a chance to ’have your bitcoin and spend it too’—assuming you trust the volatility gods.
Final thought: Nothing screams ’mature asset class’ like using your speculative investment as loan collateral. Wall Street would be proud... or horrified.
