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#740 The Ultimate Bitcoin vs. Gold Debate w/ Peter Schiff & Peter McCormack

The Pomp Podcast

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The Problem With Bitcoin Loans

The problem with bitcoin is a big drop, let's say a 20, 30 % drop, isn't rare it all. With bit coin loans, one of the things that is very unique about them is, if you said to me, hey, i have 200 thousand dollars worth of bit coin, you can only borrow on these platforms up to,. let's say, a hundred and 50000 dollars against your 200 thousand dollars with a bick ones was an over collateralized loan. The value or the advantage that bickcoin has compared to your house is when the house price starts to fall, there's no mark to mark et, so it's hard to tell, but you can feel

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