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

The Pomp Podcast

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Loaning Against Bit Coin

With bitcoin, it's a highly divisible asset. It can bea denominated up to a hundred million setoces and there's a liquid market. So what these lenders will do is say, give me your 200 thousand dollars of bickoin. I'll gve you a undred 50 thousands dollars. Alon, you dowhatever you wat. Wih, a undred50 thousand dollarsaloan, i want to take your 200000 dollars a bitcoin. If the price starts to fall, hey, you're now at 70 % margin. You have to cure the margin. Call if you don't cure. Ah but i think bit coin is more prone to a

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