What Bitcoin Did

Bitcoin Is Rebuilding the Financial System | Andrew Hohns

29 snips
Oct 20, 2025
Andrew Hohns, Founder and CEO of Battery Finance, shares his insights on how Bitcoin-backed credit can revolutionize the financial sector. He explains why Bitcoin is superior collateral compared to traditional assets, along with its unique ability to minimize loan-to-value risk. Andrew introduces his innovative concept of BitBonds, proposing a way to integrate Bitcoin into sovereign debt. They also discuss Bitcoin's potential to democratize finance and rejuvenate local economies, promoting freedom and accessibility for savers worldwide.
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ANECDOTE

Bitcoin-Backed Philly Real Estate Deal

  • Andrew Hohns described refinancing a $12.5M Philadelphia multifamily loan that included ~20 Bitcoin as part of the collateral.
  • The Bitcoin reduced loan-to-value over time and improved lender recovery options versus real estate alone.
ADVICE

Avoid Mark-To-Market Risk In Bitcoin Loans

  • Design Bitcoin-financing without mark-to-market risk by pairing Bitcoin with cash-flowing physical assets.
  • Underwrite so loans remain serviceable even if Bitcoin hypothetically falls to zero.
INSIGHT

Why Bitcoin Excels As Collateral

  • Andrew Hohns lists Bitcoin's collateral strengths: finite supply, fungibility, divisibility, transportability, security, and liquidity.
  • Those properties make Bitcoin uniquely suitable to store value and augment traditional collateral.
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