Strike's new loan product, no margin calls!
This is a short report, on some breaking news I heard from Jack Mallers mouth during his YouTuibe Show Mailbag Mondays: It is very exciting that this is happening, and he stated these loans would be available in July, so I am excited.
I have a business and I always wanted a bitcoin treasurey, but you never invest money you can't afford to lose, and I couldn't afford to lose my buisiness treasury.
But now that these loans are here I plan to launch my business treasury, a bitcoin treasury.
Strike Has No-Margin, No Scare No Worry bitcoin Loans!
Jack mallers (the boss of Strike) said a super cool thing on his YouTube show!
He is changing how people borow money using there bitcoin.
in the old days, if the price of bitcoin went way down, the computer would take your coins away.
That is called a "margin call" and it is very scary!
It makes people worry a lot when the marcat drops.
But now, Jack made a NEW kind of loan with NO MARGIN CALLS at all!
The Good Part: You never have to worry about losing your coins if bitcoin crashes down. Your stack is safe!
The Catch: You have to pay a little bit more money in intrest to get this. Jack said he is happy to pay a couple extra points because it buys piece of mind.
In fact during the show Jack stated ...
He is moving all his own loans to this new way so he can sleep good at night even during a bear markit.
Now people can borrow cash and not be scared of the red lines on the charts!
I think this is super cool and great for bitcoin.
Graphic by Gemini
I made this graphic on Gemini using a prompt or description. It took thre tries to get it like this. It's not perfect, but close enough.
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