XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 on Nostr: It works ok, but you need to have balls of steel, especially if you take you a ...

It works ok, but you need to have balls of steel, especially if you take you a relatively large loan.

I never had sleepless nights when Bitcoin dropped in price.

The only time that happened was when I had a Bitcoin-backed loan from Nexo.

I felt so relieved once I paid it off and took my BTC back into self-custody.

In the future, we might see much better Bitcoin-backed loan products.

Until then, they're probably not worth it.