Loans off-take to grow up due to bitcoins
There have been instances of not only mortgages being taken out to buy Bitcoin, but also people using credit to buy the potentially explosive and volatile asset.Bitcoin price recent skyrocketing Bitcoin prices are likely to help banks to see some off-take for housing loans as well. Bitcoin boom has brought about a fresh wave of interest and adoption. People are hearing about the daily gains that can be earned from investing in Bitcoin. These rumours and some stories are leading some of them to make unreasonable decisions.
There have been some cases of individuals even putting their houses up for mortgage in order to acquire capital to buy into Bitcoin. It speaks of the frenzy that has developed recently.
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