Quote Originally Posted by MCASPECIALIST View Post
What about using bitcoin as collateral ? Thoughts ?
If you mean leveraging your crypto values like a 401k to get a Line of Credit, etc.....then look into Salt Lending.

They do EXACTLY that. They will lend out money based on your value of your BTC/Cryptos..AND, like a car, you keep it and pay back towards the balance.


The big issue I see with this...is that people will leverage that cash to buy more crypto lol. Just like stacking a MCA. lol.

So, what happens if it all goes "ka-pooey". Their business is a mess then.

Therefore, I like the concept and hate it all at the same time.