{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Honest Money Show","title":"How to Borrow Against Bitcoin Without Selling It","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/e6390b5e\"></iframe>","width":"100%","height":180,"duration":2852,"description":"🎙️ Welcome to Episode 19 of The Honest Money ShowIn this episode, Anja is joined by Philipp, Co-Founder and CEO of Satora (Ex-Lendasat), to explore the growing world of Bitcoin backed loans and what it really means to borrow against your Bitcoin without selling it. The conversation centres on Lendasat (now Satora), a Bitcoin lending marketplace that connects borrowers and lenders without traditional intermediaries or KYC requirements.Philipp breaks down the fundamentals of Bitcoin backed lending, including how collateral works, why loan-to-value (LTV) ratios are critical, and how interest rates are determined in today’s market. Together, Anja and Philipp walk through the full lifecycle of a loan — from application and funding to repayment and potential liquidation — highlighting both the opportunities and risks involved.The discussion dives into liquidation mechanics, how borrowers can actively manage LTV to reduce risk, and why understanding volatility is essential before using Bitcoin as collateral. Philipp also explains how users can test the platform by lending to themselves, offering a practical way to learn without unnecessary exposure.Beyond borrowing, the episode explores the lender side of the marketplace, outlining how individuals can earn yield on Bitcoin, what to look for when assessing borrowers, and why platform design and transparency matter. The conversation closes with a look ahead at future developments in Bitcoin lending, including instant loans for smaller amounts and evolving market dynamics.Whether you’re considering borrowing against your Bitcoin, curious about earning yield as a lender, or simply want to understand how Bitcoin backed loans work in practice, this episode provides a clear, educational walkthrough of one of Bitcoin’s emerging financial use cases.🔗 Featured Links:• Satora Platform: https://app.satora.io/• Follow Philipp on X: https://x.com/bonomat 🔑 Key Takeaways:• Bitcoin backed loans allow users to access liquidity without...","thumbnail_url":"https://img.transistorcdn.com/ZjSbuOvGu4-6cIS2tBOUN3erhHTefo6-v_ocoheYczU/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jYWQw/ZDkxZjY1MGE5MDhi/MDMxMGVlZTNhZTM3/NmJiYS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}