bitcoin-backed

Bitcoin-backed loans explode, risk echoes 2008 crisis. Bitcoin is the new mortgage. Just without the house

Bitcoin-backed loans are surging. Not as a hedge. As a new form of leverage. Same greed. New wrapper. “Twenty One Capital, backed by Cantor Fitzgerald and Tether, may begin issuing US dollar loans using Bitcoin as collateral… the company recently acquired about 5,800 BTC from Tether, pushing its total holdings to an estimated $5.13 billion.” …

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