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With Bitcoin hovering around $95,000 to $97,000, Xapo Bank CEO Seamus Rocca sees growing investor confidence to borrow using BTC as collateral.<\/p>\n
Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, CEO of the Gibraltar-based private bank, Xapo Bank.\u00a0<\/p>\n
In an interview at the Token2049 event in Dubai, Rocca told Cointelegraph that with Bitcoin (BTC) hovering around $95,000 and institutional adoption starting to catch on, the mood among investors has shifted from short-term speculation to a more long-term outlook.\u00a0<\/p>\n
\u201cI\u2019m not sure that confidence would have been there three or four years ago,\u201d Rocca told Cointelegraph. \u201cBut today, people are more comfortable to borrow against Bitcoin because we\u2019re nowhere near the levels that would trigger liquidation.\u201d<\/p>\n
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