Moon on Nostr: Seeing lots of excitement / debate our this. I think this is really about product ...
Seeing lots of excitement / debate our this. I think this is really about product market fit.
Getting cash (or gift card value) p2p on RoboSats or through p2p community is great up to a few thousand dollars - but becomes very difficult and highly risky once you’re into 5-figures or more.
Today, Strike’s loan product minimum is $75,000 or 1.5ish BTC at 50% LTV (and they continue to innovate here as two weeks ago the minimum was $100,000 / 2.1BTC.) This will be a lucrative product for Strike but it caters to a vanishingly small number of US-based multicoiners. Also there is no real moat to stop others from launching similar products - and honestly I believe the market will benefit as they do.
To me, Bitcoin loan products will really show their value when they are much more accessible around a min loan threshold of $5,000 or $10,000.
#Plebchain #Bitcoin
Announcing Strike Lending
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https://youtu.be/PdttkQAZ2BM
Published at
2025-05-06 17:19:51Event JSON
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"content": "Seeing lots of excitement / debate our this. I think this is really about product market fit. \n\nGetting cash (or gift card value) p2p on RoboSats or through p2p community is great up to a few thousand dollars - but becomes very difficult and highly risky once you’re into 5-figures or more.\n\nToday, Strike’s loan product minimum is $75,000 or 1.5ish BTC at 50% LTV (and they continue to innovate here as two weeks ago the minimum was $100,000 / 2.1BTC.) This will be a lucrative product for Strike but it caters to a vanishingly small number of US-based multicoiners. Also there is no real moat to stop others from launching similar products - and honestly I believe the market will benefit as they do. \n\nTo me, Bitcoin loan products will really show their value when they are much more accessible around a min loan threshold of $5,000 or $10,000. \n#Plebchain #Bitcoin\n\nnostr:note1qpgcp27vfxt6c75uef8ljd2j0234pv75l6ze86f7kj46pz89gvzqpumrvl",
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