Lol I just took what the first links data gave me on UK rates, but damn 0% is stupid low lol. You could really work the system with that kind of spread. As these crypto loan platforms get better you may not even need to pay back the loan in full.
Let's say you borrowed against your BTC for 5 years and the price of BTC goes up each year your loan value gets smaller so your rate gets lower plus you paying it back with cheaper inflated fiat.
If your BTC crashes you can always post more collateral and keep it open and use those extra losses as a tax write off.
If I would leverage BTC for a loan in the future i'd want to acquire something like rental properties and just let that cash flow service all the obligations
Haha yeah you can definitely bounce your crypto off these different platforms if you can play it right!
Perhaps the time to get a long loan is during the bear market so that when you pay your loan back in the coming years, it will be ready in time for the next bull run... I'll try with small amounts first to get familiar with the process but damn, can see cashflows kicking off with rental properties on top of the crypto flows... waterfalls everywhere!
Sounds like a plan, in the bear market and also if you got a bit of collateral to spare as you collected some good interest then you can afford to mess around a bit.
If you got a good yield farming operation going then it’s great to offset your gains against that loan.
I think long term loans will only roll out once we deep into the trillion dollar market cap level