Why would I give the bank my bitcoin if I can hold it myself?
Discussion
The point of these questions is to say to Michael Saylor that there will be a lot less capital available for lending. In my view, it will only be deployed for the very best projects and those best projects will have to be generational.
As far as cars and houses go, people didn't finance cars until the 20s. Interesting that the Great Depression hit shortly afterwards.
American mortgage practices were codfied in 1864 and were used to finance the Civil War.
Something to think about when we say debt and credit are good.