IMHO, I think the next step might be to make it possible to get loans off of Bitcoin... And I think that increased regulation and better clarity will help tremendously here. Saylor has even alluded to this too...
For example, if you're looking to buy a home you might consider selling your BTC... What if instead, you could just get a loan off your BTC instead? This way you can keep your BTC and use it as collateral. Plus, if you do not sell your BTC then you do not create a taxable event, and then there's no taxes on a loan either. By avoiding taxes, you save and that in itself may make it a very enticing offer.
Better regulations and clarity can certainly help a lot... What if BTC is seen as more than just a "store of value' or 'digital gold'? How much can that help BTC if there's an increase in usage & utility? If people do not have to sell BTC (and can HODL forever), then that will certainly make the supply go down and demand go up, right?
I was recently listening to a podcast on this and it seems the details need to be worked out more. I have heard places talking about adjusting the loan as BTC goes up and gown down by increasing/decreasing the loan amount, or just doing a flat percentage to value (ex: 75% loan to BTC value) and/or by adjusting the interest rate as it changes.
I wonder if many will be overly skeptical of this since there's many horror stories from the past with exchanges and bad actors... Regulation can certainly help here though... WHAT DO YOU ALL THINK? Greatly appreciate any & all opinions. TIA!
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