Where to get a Bitcoin backed loan with 5% LTV?
Seeing Mark Moss's video about retiring on Bitcoin, he mentions using 5% LTV loans to prevent margin calls, but has anyone every actually seen a Bitcoin loan with a 5% LTV? the lowest I've ever seen was 15% with shady lenders.
You know what's gonna happen is big legacy banks will get into the game and start offering collateralized loans, "just give us your Bitcoin, our custody is the strongest, and our terms are better than those scammers in the industry". They know a certain percentage of people will default on loans, and after some time they end up with a huge stack, rehypothecating and playing their usual dirty games. There is only one way in hell I would consider a Bitcoin-backed loan from anywhere, and it would be under these terms:
2 of 4 multisig. I hold 3 keys. (F* U Dimon)
5% LTV loan.
2% or less, fixed-rate.
