This is how the banks will get the bitcoin from some Americans for free. The tax code incentives to collateralize the btc instead of selling it, banks are market manipulators masters and will trigger liquidations to get the collateral for free as they always do. Bitcoin is free men’s money but if you play by their rules you are not free. If you do not custody your corn you don’t have any. This is a universal truth. Once you collateralize your sats say goodbye to them. Bitcoin collateralized loans are a scam. Period.