FOLLOW THE MONEY

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With #DEFI in evolution I know this trend will not take long to come in various flavors.
Borrow fiat using crypto will be something really big down the line. We may not see much
these days but it is coming fast to a company next door. I have seen the exchanges implementing
some sort of saving account with the stable tokens.

#Coinbase may sound late in the market due to regulations. They always find a way to sway the market
to their advantage due to their ease of service. Soon they will use #bitcoin as collateral for fiat currency.
You can borrow up to 30% of your #btc up to $20k. The percentage is high at 8% but hey no credit check.
I mean it is a collateral loan so it should go that way. You can pay interest up to a year before you pay the capital.
That way you will never sell your #bitcoin long term.

Holding my thoughts to fully understand this phenomenon, I realized the characteristics of crypto in the market.
This asset class starting with #btc will change the landscape for years to come.
Soon you may see other cryptos adopted in the same phase as #Btc.
With #DEFI in full force, #Coinbase move is not new to the public. It emphasize where we need to understand
about crypto in the near future.

This type of relation from exchange to client will enable more people to hold on to their coins.
By doing so less liquidity. Less liquidity may raise the value of a coin like #BTC.
Clearly this service again is not new but it will force a lot of newcomers to purchase
and hold crypto for future investments.
Less #BTC in the market will reduce the crazy volatility we see today.
Stable coins are starting to find their niche in the system.

Regulations will dictate how far this new business will grow.
I am pretty sure there will be a demand for crypto pretty soon.
I wish I can mine #btc now. Stay in the sphere

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Among token that can benefit from this, I can see #USDT and #Bitcoincash. #Coinbase will be adding
more tokens that will make it possible. Now you can sense the demand is coming for this. I am a little
uptight with the interest at first. This could be a way for #Coinbase to make a huge profit. Their service
is getting better except when there is a price swing they tend to degrade service. #Binance.us could start
bringing the heat for #Coinbase to act appropriately. So far 13 states are not open for business yet and I am part
of it.

Competition will make it easier for more people to enjoy crypto. The concept of #DEFI and borrowing money by using crypto as collateral is pretty new to a lot of people. The alarm sound is clear. Hold your #BTC. You may never know what other program might come to light where you may earn on it every month.
The market will dictate what come next.
Be safe and hold your coins.

Posted Using LeoFinance