Seeing lots of excitement / debate our this. I think this is really about product market fit.

Getting cash (or gift card value) p2p on RoboSats or through p2p community is great up to a few thousand dollars - but becomes very difficult and highly risky once you’re into 5-figures or more.

Today, Strike’s loan product minimum is $75,000 or 1.5ish BTC at 50% LTV (and they continue to innovate here as two weeks ago the minimum was $100,000 / 2.1BTC.) This will be a lucrative product for Strike but it caters to a vanishingly small number of US-based multicoiners. Also there is no real moat to stop others from launching similar products - and honestly I believe the market will benefit as they do.

To me, Bitcoin loan products will really show their value when they are much more accessible around a min loan threshold of $5,000 or $10,000.

#Plebchain #Bitcoin

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