The rise of Bitcoin based lending is going to accelerate supply shock. Historically people sold BTC in order to free up capital, causing increased supply and a taxable event. Now HODLers can avoid taxes, extract value from their stack as needed, all without introducing sell side volume. Couple this w strategic reserves, corporate treasuries, and sovereign funds looking for BTC exposure to replace govt bond exposure…we are going to Mars 🚀🤯
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