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Strike to offer liquidation-proof bitcoin-backed loans, Jack Mallers notes
Jack Mallers, founder and CEO at Strike, announces an upcoming launch of liquidation-proof bitcoin-backed loans on the platform.
According to Mallers, most lenders in the crypto space liquidate all bitcoin during volatility, but Strike is designed to protect users and their Bitcoin assets. The new feature is set to be available to eligible customers later this month.
Mallers has previously highlighted concerns over the traditional financial system, noting a record-low sentiment and the widening gap between Wall Street and Main Street in recent commentary. He also cited an example of a wartime nation adopting Bitcoin for trade, arguing its role as reliable money in crisis periods in past statements. These points add context to his ongoing focus on Bitcoin-based solutions.
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