Strike unveils volatility-proof Bitcoin loans with $2B credit facility
Covered by 4 sources · 4 articles
4 outlets - including Yahoo, Cryptotimes and Cointelegraph and 1 more - are covering this story. Strike's new loans genuinely remove the risk of a price crash wiping out your collateral, but they replace it with a different risk, and a set of trade-offs the marketing glides past.
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Strike Debuts ‘Volatility-Proof’ Bitcoin Loans That Can Survive 80% BTC Price Drops
Strike Launches ‘Volatility-Proof’ Bitcoin Loans With No Margin Calls or Liquidations
Strike's new loans genuinely remove the risk of a price crash wiping out your collateral, but they replace it with a different risk, and a set of trade-offs the marketing glides past.
Strike launches ‘volatility-proof’ Bitcoin loans amid bear market, but at a cost
The cost of eliminating margin calls and forced liquidations is an interest rate as high as 14.2% and an obligation to pay on time, Strike CEO Jack Mallers said.
Strike unveils volatility-proof Bitcoin loans with $2B credit facility
Strike's Bitcoin loans could boost investor confidence and participation, impacting Bitcoin-based financial services and market dynamics.