Bitcoin Is Superior Lending Collateral – Bitcoin Magazine

This is an opinion editorial by Max Keidun, a contributor to peer-to-peer bitcoin trading and lending platform Hodl Hodl and CEO of Debifi.

The bitcoin lending space has suffered from several major issues in recent months and years, from the fallout of the Terra/Luna crash, impacting Celsius and BlockFi, and now FTX as well, to liquidity crunches given the sustained price drawdown, varying accusations of market manipulation and more.

All of these have led to significant losses, bankruptcies and a complete reshaping of the lending market. Many users have lost faith in bitcoin-based lending products and the market appears to be at its historical bottom, both in terms of volumes and public confidence.

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