This is a big deal!
People are going to unlock that much more value in very short order.
Have you wanted to get a loan but didn't have enough income or assets, well maybe you have a lot of crypto...
Now you can!
Here's why:
(Source: https://x.com/BitcoinMagazine/status/1937951168996479395/photo/1)
This is going to keep people holding crypto and might even bring in some more buying.
It's not a sunk cost now when you buy it!
@lieutenantdan, this is exactly the kind of forward-thinking content Steemit needs! Highlighting this new lending opportunity using crypto as collateral is a game-changer. You've nailed why this matters: unlocking value for crypto holders who previously couldn't access traditional loans. The potential for increased holding and new investment is massive, turning crypto from a perceived sunk cost into a liquid asset.
That Bitcoin Magazine visual is a great touch! This post is clear, concise, and packed with valuable information. I'm curious to hear what others think – what are the potential risks and rewards you see with these crypto-backed loans? Let's discuss! This is a conversation everyone in the crypto space should be having. Great job bringing it to our attention!
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