Summary
- Cathie Wood, CEO of ARK Invest, stated she is focusing on the possibility of Bitcoin holders utilizing loans.
- Wood mentioned that Bitcoin could be transferred to Coinbase to serve as collateral for home purchases.
- Coinbase has raised the loan limit for Bitcoin-based products from $100,000 to $1,000,000.
Cathie Wood, CEO of ARK Invest, has highlighted the potential for Bitcoin (BTC) holders to utilize loans.
On the 29th, Wood stated on X (formerly Twitter), “Because Bitcoin holders have invested a considerable portion of their net worth in virtual assets (cryptocurrencies), it may have been difficult for them to obtain traditional home loans,” and added, “It wouldn’t be surprising if these individuals transferred Bitcoin to Coinbase for use as collateral to purchase a home.”
Previously, Coinbase raised the loan limit for Bitcoin (BTC)-based products from $100,000 to a maximum of $1,000,000.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
