If you’re unsure Bitcoin’s a bubble, just read this tweet and its replies.
– Deposit bitcoin, ~75-100% of the value of the house.
– Bank buys the house, you live in it.
– Loan is secured on bitcoin + house so double-collareralised (hence <100% bitcoin deposit).
– Make small monthly interest payments, or just add them to the loan.
— Glenn Hodl (@glennhodl) November 14, 2024
I think this is how all bitcoin finance will work, until fiat truly dies.
You'll buy cars, yachts, islands this way.
It's how @saylor's bitcoin bank will operate
So yeh, as this bull market progresses….don't sell you bitcoin to buy a house!
— Glenn Hodl (@glennhodl) November 14, 2024
I'd rather not lose custody of my Bitcoin, and RENT any house I want for as long as I want it.
— V (@vilex21) November 14, 2024
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