New research finds a 'collateral gap' in Bitcoin lending

Selling your Bitcoin is a financial mistake. True HODLers realize that cashing out is just "giving up," which is why the most sophisticated investors are now borrowing against their coins to buy even more. With 88% of holders open to crypto-backed loans to avoid capital gains taxes and maintain exposure, the "collateral gap" proves that Bitcoin isn't for spending—it's for leveraging. Why would you ever sell an asset that consistently outperforms its own borrowing costs? Do you agree?
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