plebiANON on Nostr: It is because the people providing capital right now actually have to have the money ...
It is because the people providing capital right now actually have to have the money to lend it out. In all honesty, 13% is charity when they could be just buying Bitcoin and getting 50% instead. What needs to happen is getting the banks, who can lend money into existence, on board. That’s when you’ll get something closer to a mortgage or commercial lending rate with maybe some discount below those rates because of the pristine nature of the collateral.
Published at
2024-10-19 12:48:42Event JSON
{
"id": "2ff959b27afe618217944442092965af9017f1f69057e0cd44059de62a296177",
"pubkey": "880f967145ab66b53d9dc279d44a9722ba875d232c73f3df4707d1e79c4336ce",
"created_at": 1729342122,
"kind": 1,
"tags": [
[
"e",
"10cd6c2a39db5d23131cac7d3dc44573b27203baacc675601e118da7d01df924",
"",
"root"
],
[
"p",
"338ef72e3deebda385aedea5e89b87ec35a7d296d4a9b642bb2c1ad926007db7"
]
],
"content": "It is because the people providing capital right now actually have to have the money to lend it out. In all honesty, 13% is charity when they could be just buying Bitcoin and getting 50% instead. What needs to happen is getting the banks, who can lend money into existence, on board. That’s when you’ll get something closer to a mortgage or commercial lending rate with maybe some discount below those rates because of the pristine nature of the collateral.",
"sig": "e6e3368ed7f25080d42d21530d402f63d1d535dae5adf9fd69cf1fc45766f066b88ad4cb2c905925eb4742497ba9b8a84a1c8845f1c8b1eb3a525dc20b19b321"
}
