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Where can I quickly get a $10k paper money loan, with $10k in BTC as collateral, to buy $10k worth of BTC before shit gets overly real? 🤔

sperry 2y ago

I know nothing, but some podcasters peddle it.

https://unchained.com/loans

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Discussion

TheGrinder 2y ago

I'll check them out. ty

Shimmy 2y ago

As of 1 January 2024, they only loan out to business entities with stated business purposes. They won't give out Bitcoin-backed personal loans

sperry 2y ago

interesting, what's the reasoning? regulation compliance?

Shimmy 2y ago

Not sure. They didn't really give out specific information. It could be they're just more comfortable giving loans to larger entities but it's also possible they're feeling regulatory pressure and adjusted their business model.

sperry 2y ago

I mean, collateral is collateral, IMO.