Best to sell some Bitcoin then try the risky move of using it as collateral for a loan
To borrow against Bitcoin, you have to lock it in a smart contract or give it to a custodian (like Unchained/Celsius).
We saw what happened in 2022 (FTX, Celsius, BlockFi). The custodians went bankrupt. The people who "borrowed" against their Bitcoin lost 100% of their collateral because the bank gambled it away.
The "Tax Savings" of borrowing are not worth the 100% Counterparty Risk of losing the underlying asset.
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