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I'm uncertain of the risks as I haven't looked into it too deep. But there are at least two (probably more) companies that offer these kind of loans already. LEDN (Canadian company) https://ledn.io/ and nostr:npub19yfzme2usrukjgwxs3eekfnj5xhnarygpqjr2m48agsvvgz32ggqhymc68 (European based I believe) https://debifi.com/about

As of right now the global market hasn’t identified bitcoin as “pristine” collateral so interest rates can be high for this type of loan. Potential liquidation of your bitcoin.

The interest rates seem so high here. The way that Peoples Reserve talked about it, you’d get half the interest rate of someone that didn’t have the Bitcoin as collateral. Aka you buy your home and have a 6% rate vs, buying your home and adding BTC as collateral, now you have a 3% rate. Seems appealing, just need to see the fine print.

Yeah agree on this. Someone just sent some companies and rates are like 10-13%… come on. https://youtu.be/xplz6eGFcYE?si=tbUy54WEZog0iaY1 Check this out. I think about 20min in he talks about what it will look like with Peoples Reserve

That would be pretty nice. I bet as bitcoin products like this develop and it gets accepted by bigger players the rates will continue to come down.

Thanks Ryan! I gotta check this out my other buddy mentioned the People’s Reserve as well but haven’t dove into it yet. Thanks! 🙏🏻

Yeah no problem. Saw the episode and peaked my interest. It sounds super appealing for anyone that’s a HODLer