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Someone explain to me the downside risks of Bitcoin collateralized loans?

Seems super interesting to me if the rates are right. Been watching @jack mallers and CJK talk about the potential coming up here in Q1/Q2

As of right now the global market hasn’t identified bitcoin as “pristine” collateral so interest rates can be high for this type of loan.

Potential liquidation of your bitcoin.

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Yeah agree on this. Someone just sent some companies and rates are like 10-13%… come on.

Check this out. I think about 20min in he talks about what it will look like with Peoples Reserve

Thanks Ryan! I gotta check this out my other buddy mentioned the People’s Reserve as well but haven’t dove into it yet.

Thanks! 🙏🏻

Yeah no problem. Saw the episode and peaked my interest. It sounds super appealing for anyone that’s a HODLer