love the sound of it, but if I don’t have $100k without selling my bitcoin today, to pay back $113k in a year, wouldn’t I still need to either (a) sell my bitcoin or (b) “find” $113k, even though I couldn’t find “100k” a year ago?
Discussion
1. use the loan to buy a revenue generating asset (business)
2. use the revenue to pay back the loan
3. now you own the bitcoin and the business
not saying this the perfect product, but more will come along. this is just the first(ish) time this product exists. they will soon compete for your loans with better and better terms.
Get the $100k loan, buy a skid steer and forestry mower, sell your service clearing land, work your ass off for the year, make $250k, pay back $113k, buy $60k Bitcoin, do more work, buy more Bitcoin, etc. no need to sell Bitcoin… oh wait, you want to make the $113k without working???
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You keep on borrowing to pay the interest until enough time has passed and decide to finally sell to pay the loan balance... or never pay it. See my calculator to retire on bitcoin without ever sell: