GibraltarXapo’s CEO says 45% of customers earn interest in bitcoin.
Borrowers keep bitcoin’s upside but remain exposed to price falls while carrying the debt.
Customers borrow cash against their coins, or hold dollar savings paying interest in bitcoin, instead of trading.
CEO Seamus Rocca says customers disagree, with some buying a bottom and others expecting further declines.
Rocca expects bitcoin to reach $250,000 in two to three years if regulatory and geopolitical uncertainty fades.
How each outlet framed it
- CoinDesk
- frames bitcoin borrowing as a shift from speculation to private banking, citing Xapo's $1,000 annual membership fee
Sources: CoinDesk