Today news
About the same in other media
What you should know about the debate around Bitcoin-backed bank loans
Reading now: 836
A few years from now, could your next loan be backed by Bitcoin? A mind-blowing concept isn’t it? And, that’s exactly what investment expert Anthony Pompliano and Schiff Gold Chairman Peter Schiff sat down to debate during an episode of Pompliano’s business show.
Could Bitcoin help you buy your new home? As Schiff noted, volatility would be a concern for many. However, Pompliano discussed two main aspects that could make this possible – The divisibility of Bitcoin into satoshis and a liquid market.
Using a hypothetical example, the exec said,
“I can sell a piece of the Bitcoin into the market…I could sell $1,000 at time if I wanted, and I can make sure that I will never lose money on the loan. Because I can always liquidate the
Read more on ambcrypto.comAbout this in other media
Lost work due to omicron? What to know about unemployment benefits cnbc.com /2 years ago
Why U.S. Congress stablecoin hearing is ‘like politicians trying to troll’ Bitcoin, crypto ambcrypto.com /2 years ago
Investors Should Care About the Logic Behind the ‘Powell Pivot’ wsj.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
