Bitcoin-Backed Loans Gain Traction as Confidence Grows

Bitcoin holders are becoming more comfortable borrowing against their crypto, according to Seamus Rocca, CEO of Xapo Bank. With Bitcoin prices hovering around $95,000 and institutional adoption picking up steam, confidence in the long-term trajectory of the asset is increasing. This has led Xapo Bank to launch a new lending product that allows users to borrow US dollars using their Bitcoin as collateral. In an interview at Token2049 in Dubai, Rocca explained that this trend reflects a shift from short-term speculation to a more measured, long-term outlook on Bitcoin.