JUST IN: Michael Saylor says the following US banks are now issuing credit against Bitcoin:

-Citi

-JPMorgan

-Wells Fargo

-BNY Mellon

-Charles Schwab

-Bank of America

๐–๐ก๐š๐ญ "๐ˆ๐ฌ๐ฌ๐ฎ๐ข๐ง๐  ๐‚๐ซ๐ž๐๐ข๐ญ ๐€๐ ๐š๐ข๐ง๐ฌ๐ญ ๐๐ข๐ญ๐œ๐จ๐ข๐ง" ๐Œ๐ž๐š๐ง๐ฌ?

Collateralized Lending: Bitcoin acts like a high-value asset (e.g., real estate or stocks) that you can use to secure a loan.

๐…๐จ๐ซ ๐ž๐ฑ๐š๐ฆ๐ฉ๐ฅ๐ž:

โœ… You hold 10 BTC worth $1 million.

โœ… The bank lends you $500,000 (typically at a loan-to-value ratio of 50-70% to account for BTC's volatility).

โœ… If BTC's price drops too much, you might face a margin call (need to add more collateral or repay part of the loan).

โœ… If you default, the bank can liquidate your BTC to recover funds.

๐–๐ก๐ฒ ๐ˆ๐ญ ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ: This unlocks Bitcoin's value for real-world use (e.g., buying property, funding businesses) while letting holders avoid capital gains taxes from selling. It's a bridge between crypto and traditional finance, making BTC more "productive" like bonds or gold in a portfolio.

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