The next bear market will be brutal again.
JUST IN: $4.3 trillion JPMorgan considers offering loans backed by clients' cryptocurrency holdings.
Discussion
for some, yes. Like corporations with Bitcoin on their publicly traded books.
Yes. Deleveraging and capitulation will show in price big time as well though, which will capitulate miners again, which means BlackCock & co will by up shares and increase their influence on the bitcoin network again.
I once thought that bitcoin usage was crucial, but now I think the decentralisation of mining is way more important first...
Long term horizon 😎