It makes absolute sense.
The market for Bitcoin-backed loans is growing and more players are entering this space: from new startups to established banks.
This will bring down the annual interest rates (currently in the 7%-12% range) to the level you are predicting.
It may take some time, but we will get there. It's inevitable unless we reach Bitcoin mass adoption earlier. 😉
Disclosure: I work for Firefish.io, a non-custodial, p2p, platform for Bitcoin-backed loans.
mbarulli / Marco Barulli
npub18n…25evl
2025-01-15 12:37:41
in reply to nevent1q…eh73
Author Public Key
npub18nagz6a53yh6d05e8trj487dhvyfhh4qchvsz87jqng4g4zl5tvs825evlPublished at
2025-01-15 12:37:41Event JSON
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"content": "It makes absolute sense.\nThe market for Bitcoin-backed loans is growing and more players are entering this space: from new startups to established banks.\nThis will bring down the annual interest rates (currently in the 7%-12% range) to the level you are predicting.\nIt may take some time, but we will get there. It's inevitable unless we reach Bitcoin mass adoption earlier. 😉 \n\nDisclosure: I work for Firefish.io, a non-custodial, p2p, platform for Bitcoin-backed loans.",
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