Replying to Avatar MAbelen

Depends on what financial products are developed as bitcoin goes mainstream. Still too early as there are few lenders and they charge too much for the service and require too much bitcoin in collateral.
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Ryan Salayer 1y ago

So currently there’s no real reasonable way to leverage wealth stored in bitcoin without spending Bitcoin?

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MAbelen 1y ago

I haven’t found one that is “reasonable” to me. Maybe you would feel differently. But I think in the next few years good options will become available. Wall Street is just joining the party in 2024 with the ETF launch and the first trad fi bank (Bank of New York Mellon) was given authority to custody bitcoin in September. Good options are coming.

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Ryan Salayer 1y ago

I’m hopeful for more adoption with mainstream systems. It’s hard for me to justify investing heavily into something that may or may not be useful in my retirement age