Bitcoin Is Superior Credit Collateral – Bitcoin Magazine

This is an editorial review by Max Keidun, CEO of peer-to-peer bitcoin exchange Hodl Hodl.

The Bitcoin lending space has suffered from several major issues in recent months and years: the fallout from the Terra/Luna crash, affecting Celsi and BlockFi and now FTX, to continuous price declines, to liquidity crises given the market’s various accusations. manipulation etc.

All this led to significant losses, bankruptcies and a complete restructuring of the credit market. Many users have lost faith in bitcoin-based loan products, and the market appears to be at historic lows, both in terms of volume and public trust.

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