Updating the post below, since it was popular with readers. The ability to use BTC as collateral continues to grow. This is important for any asset and it should be watched, because it increases utility and inherent value. Coinbase recently added to its “borrow” product that lets customers borrow cash using their BTC as collateral. There are now three options. See the screenshot below (taken today). Recap: You deposit BTC as collateral and get USDC, which is immediately convertible to USD, then a quick transfer to your linked bank account. Attractive rates. You can choose to repay the loan whenever you want, at which point you get your BTC back (so you retain any future price appreciation). That’s a very attractive option for various types of borrowers ranging from individuals to small businesses. I’ve been surprised by how many people -- even veterans of the BTC space -- don’t seem to be aware of how easy this process has become, or that it even exists. But make no mistake: This is huge financial innovation. And Coinbase definitely isn’t alone -- other companies also offer this product. Keep watching as BTC collateral usage grows. Over the long term, it’s important.