2 ms·
> Some people are crazy enough to get a loan against their Bitcoin It's not that people are crazy (maybe in the US, but thinking of some countries in the EU no
by capableweb 6y ago
> Some people are crazy enough to get a loan against their Bitcoin
It's not that people are crazy (maybe in the US, but thinking of some countries in the EU now), but that the tax advantage of taking out a loan on your Bitcoin leads to you having to pay less taxes than if you just straight out sold them. Hence people walk that route sometimes.