So if you own a whole Bitcoin, you now qualify for a million-dollar fiat mortgage.
I bet the bank takes your Bitcoin as collateral in case you default — and while they’re holding it, they’ll trade it, re-lend it, and make even more off it. On top of that, they’ll probably force you to convert it into fiat.
So 30 years later, after you’ve finished paying off your overpriced mortgage, you don’t get your 1 BTC back — you get the fiat equivalent of what it was worth when you signed.
SCAM
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Post#422
