The Bitcoin Lending Redux That Will Move Crypto Markets
Bitcoin lending is returning to digital assets, but with some key changes.
Bitcoin lending is back on the rise, but with some changes.
The collapse of Genesis, Celsius, and BlockFi in 2022 sent painful ripples across the crypto industry. These firms led the charge for digital asset lending markets and soared to massive valuations with estimates of $50 billion in total loans at peak.
Unfortunately, they were led by inept and/or unethical leaders that gambled with other people’s money and lost. I know this firsthand, as my own mother, upon my advice, had six figures locked in BlockFi for years. Now as the lawyers pick apart the carcasses of these firms’ bankruptcy proceedings, raking in ridiculously exorbitant fees, the…
