SumoStrength
Thu Aug 29 2024
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6 answers
1451
Should you collateralize bitcoin instead of selling it?
I'm curious, why would someone consider collateralizing their Bitcoin instead of simply selling it? Is there a specific advantage to this approach, or is it simply a matter of preference? Wouldn't selling the bitcoin outright provide immediate liquidity and eliminate the risk of potential price fluctuations? Additionally, what factors should one consider when deciding whether to collateralize or sell their bitcoin holdings? Could you elaborate on the potential benefits and drawbacks of each option?
