The businessman said that his initiative responds to the request of the director of FHFA Bill Poulte, who planned to consider the options for accounting for digital assets in assessing the creditworthiness of borrowers. The Strategy model implies the creation of cryptocurrency reserves, and they could act as a pledge item. The same applies to any borrowers with large bitcoin reservations, Seilor explained.
“We have developed a model of bitcoin lending, taking into account the loan term, pledge covers, the price and volatility of bitcoin,” said Michael Sailor.
If the model receives FHFA support, then it can become a precedent for the wider use of cryptocurrencies in lending, and is able to become a catalyst for an increase in Bitcoin’s trust as a tool of long -term investments, the head of Strategy believes.
Earlier, Sailor said that Bitcoin could reach $ 13 million by 2045.
Source: Bits
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