Topic: Cash For HODL? NY Wealth Manager To Issue Loans Against Bitcoin (Read 105 times)
I don't fully understand exactly what it is that they are trying to do. They will offer loans and use bitcoin as collateral? If that's the case it sounds like a recipe for disaster, one of the key things for collateral is that it needs to have a stable price. We've seen what happened with the sub-prime crisis in the US, it would be the same thing with crypto as a collateral. Price goes down and boom, chaos.
That is the thought behind another backup being begun by Dominion Capital, a family office situated in New York City. While the organization has since quite a while ago put resources into an assortment of advantages, Dominion’s known for financing ventures by support credits.
Readmore : https://www.currencytimes.co.in/cash-hodl-ny-wealth-manager-issue-loans-bitcoin/
Readmore : https://www.currencytimes.co.in/cash-hodl-ny-wealth-manager-issue-loans-bitcoin/
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