Question for the brilliant minds:
I’m seeing a lot of shitting on the BTC Backed loans but I’m not understanding why.
Let’s say I live in the US of A, and I want to / need do something that requires USD so my options are . . .
1) Sell coins and pay the gov 20% - 30% in capital gains taxes.
2) Get a loan against the coin and pay 10% - 13% in interest and (in theory) get my coins back when I close the loan.
As I see it, selling will cost more and I’ll never get those coins back. Is there a third option? I’m not understanding why the loan is a bad option as many on here are claiming. Bitcoins is a means not an end. Having a fat stack means shit if I can’t use it to take care of my family.
Honest question, hoping to get some more explanation. Thanks 🫡
——————————————
#asknostr #bitcoin #loans #taxes #meansnotanend
KenLazer / Ken Lazer
npub120…h5qug
2025-06-05 14:10:54
Author Public Key
npub120jgpm9gl7lzwtjeklr7rg9nkty4g7whhgq0u8qz2n5s0fkrca0qlh5qugPublished at
2025-06-05 14:10:54Event JSON
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