mattaroo on Nostr: How BTC loans can be dangerous. What to watch out for so you don't end up giving your ...
How BTC loans can be dangerous. What to watch out for so you don't end up giving your Bitcoin to companies like Blackrock. I say that because ultimately, they are sucking up as much as they can. Their goal is to get your Bitcoin. How the loan companies use of multi sig is misleading. Not your keys not your coins. If you take out a loan, you are giving up self custody. You have to give up self custody to get a loan. no matter how you spin it. And if you do take out a loan, its probably best to buy IBIT, and borrow against your IBIT shares. The fees will be lower fees than the BTC loan companies out there. 8% to 15% loan fees is a bad deal for us plebs. Its predatory , unstainable and puts you in harms way.
Published at
2025-04-10 14:27:42Event JSON
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