Quote from: |MINER| on Today at 03:37:35 PM

Quote from: blockman on August 28, 2025, 10:57:45 PM

What I want to happen is whenever we go to the banks and tell them that we own some Bitcoin, they'd give some special treatment to us. If they ask how much we own, it will depend on how much we're willing to mention to them. The early adopters are in advantage on it and we'll get some treatment that we like because before, the banks are not so fond of Bitcoin and have been against it. So, every time I tell that my money comes from Bitcoin, their eyebrows were raised and they think of it as sort of a con because all they know is Bitcoin was from the illegal traders. But that narrative is changing and if they will start to give some loans and collateral from a Bitcoin holder, they'll attract more holders on them.

You are right, this idea has changed somewhat now, as it used to be that banks were not willing to lend against Bitcoin collateral, but now banks in many countries, from the USA to Europe, especially banks in Switzerland, are now providing loans against Bitcoin collateral. This is mainly possible because people's misconceptions have changed, but another major risk currently is that banks' interest in Bitcoin has increased abnormally because banks want to make a profit by including Bitcoin. Although this is not possible in the long term, it could certainly affect many traders in the short term and that also could be massive.

It all started with crypto exchanges wherein they are allowing their users to use Bitcoin holdings as collateral but of course, maybe 70%-80% of total value that they can give. It depends on their assessment but the banks are getting the idea now. It's true that the narrative has changed a lot for Bitcoin. Before, many were scared about it. This time, if they know that you own some, you'd be treated as if you're so rich. Little did they know, we're just holders but we don't have that much for them to be impressed.