You can’t use it as collateral in traditional bank loans, unless you hold it through a proxy like an ETF or Microstrategy. BlockFI and a few places like it allo

You can’t use it as collateral in traditional bank loans, unless you hold it through a proxy like an ETF or Microstrategy. BlockFI and a few places like it allow you to borrow against it. That’s how BlockFI provides its high yield to depositors.