Crypto Loan Bubble
Ready to Pop
5 Billion as a matter of fact. Do you remember when millions were considered a lot. Now it appears everything is in the Billions... if that ain’t inflation, what is?
Well it seems people are taking out loans to purchase Bitcoin. Genesis is a New York-based firm, (the largest with over 2 Billion lent out to institutional folks).
So these institutions put up 1.2 million in collateral to purchase 1 million in Bitcoin. What could go wrong?
Yes buying is that crazy
Better git yo’self some right quick
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Good Health – Evan Pantazi
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#Kyusho
Image Credits: marktipple
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time to make it a trillion dollar industry hhaha