brypto

encouraging regular people to go 40x long with their home equity is beyond insane.

MicroStrategy did it with cash. You can do it with your house.

Horizon lets you reallocate trapped equity into bitcoin, without monthly payments or new debt.

Extract the monetary premium on your home and siphon it into BTC. https://t.co/6J1uChd54z

Joe Consorti ⚡️

encouraging regular people to go 40x long with their home equity is beyond insane.

https://x.com/joeconsorti/status/1929592338738761926

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I saw this and literally thought, hell yea

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well, at least time we know where the bubble starts.

once you dig into it, there are multiple layers of insanity

"Essentially, Horizon is a perpetual house-backed Bitcoin call option." 

This is just bonkers, people barely understand that a house is leverage. let alone bundling that risk into call option leverage only (!!!)

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

Into $BTC ?

Wife told me to pull our equity in a HELOC and leverage either Housecoin or Moxie…

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yes and at that point just buy BTC with your moneybags???? Directly????? 😂

looney tunes bullshit

only makes sense if you’re already very wealthy and don’t need the house for, oh I dunno, SHELTER

In a housing bubble too 😩 
Oh my gosh Matthew

that's absolutely wild.

you already know those who literally can't afford to take that kinda risk, are going to take that kind of risk after reading something like this 😭

The returns on their site are based on $600K-$1M+ BTC in next 10-30 years. Possible, but not what you want to bet your home on