A look into crypto-backed loans, which holders have used to buy houses, cars, or even ramp up their investments, as federal and state securities oversight grows
as it often does in the volatile crypto market—the lender can issue a margin call and seize it all. Should a lender collapse or fall victim to a digital heist, there is no federal insurance” https://www.wsj.com/... Lisa Abramowicz / @lisaabramowicz1 : Crypto assets are increasingly being pledged as collateral for personal loans. https://www.wsj.com/... Bill Browder / @billbrowder : Call me old fashioned, but crypto fans borrowing money to buy homes and cars secured against their crypto holdings strikes me as the height of stupidity. https://www.wsj.com/...
“Mr. Kay, 27 years old, almost faced a margin call when the price of ether fell earlier this year, he estimates that he used the loan to fund investments now worth over $60,000. “If it was in a bank account, my money would just be going down, with inflation eating away at it” htt…
Call me old fashioned, but crypto fans borrowing money to buy homes and cars secured against their crypto holdings strikes me as the height of stupidity. https://www.wsj.com/...
“If the value of the collateral falls—as it often does in the volatile crypto market—the lender can issue a margin call and seize it all. Should a lender collapse or fall victim to a digital heist, there is no federal insurance” https://www.wsj.com/...