I just realized this morning under the shower that Microstrategy bought 1 in every 1000 BTC (0,1% of supply). Imagine other large companies starting to do the same, that's what could really pump the price.
@Coindesk
JUST IN: @coinbase will offer bitcoin-backed cash loans to select U.S. customers, beginning this fall.
@Nate_DiCamillo reports
https://t.co/pE9YP0jZNLThanks...
and..told ya, they want you to lend your btc out and/or borrow against it, then, once it dips, collect your btc under some pretense such as 'you have exceeded your collateral limits, so the loan had to be liquidated'. Basically, don't do it.
I'm not saying you should do it but I don't see Coinbase doing this. Will have to read the fine print of course.
Cash is so cheap right now that they must swim in it so looking to do something with it.