Part 1/9:
The Power of DeFi: How I Bought My Tesla Model Y Using Bitcoin-Backed Loans
Earlier this week, I acquired my second Tesla, specifically a 2025 Model Y. The official reason behind this purchase was my transition to more family-oriented vehicles. However, what intrigued me most was how I financed this acquisition: by leveraging my Bitcoin holdings through a decentralized finance (DeFi) loan. The entire process took just two minutes, allowing me to borrow $50,000 quickly and efficiently.
In this article, I will explore the mechanics of using Bitcoin as collateral, why this strategy appeals to many in the crypto community, and how I managed to successfully buy a car without liquidating my crypto assets.