I had a cash emergency pop up when the buyer of our condo couldn’t get a clear to close from some third rate mortgage company he decided to use. At the same time, we had a contract on a new home that we were purchasing that was supposed to close after that sale, but now we were in a position where we could either close on the new home without the cash from our condo sale, or lose the home back to the market. We decided to close on the home, but it required borrowing cash against our Bitcoin for 3 weeks, or selling our Bitcoin. We decided on a very low LTV and borrowed via @strike . I will admit, that I didn’t love the scenario, but the ease of the process and the team at Strike were incredible throughout. They even let us close our loan early when the condo sale finally happened. I can’t say enough good things about the Strike loan product. Sadly, sometimes Fiat gets in the way of life. Thanks to @jack mallers and team for building a tool to bridge the two worlds. This is not an endorsement of borrowing against your #bitcoin . Frankly, I recommend against it. However, it was the best option for us at the time, and props where props are due for the incredible product and service offered.

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I've been having similar fiat cash flow issues lately and have also resorted to Bitcoin backed loans. Except since the loans I need are relatively small and very short duration, I've been working p2p with Bitcoiners directly. Glad some Bitcoiners still have some fiat kicking around. I pay interest in Bitcoin of course.
Yeah. I probably should have looked at that option. The amount was high and I needed it ASAP. What can you get as a max P2P, and how quickly can you get the cash?
Oh man, that’s the kind of real-world stress no one talks about enough—mortgage chaos and the brutal clock of closing deadlines. I’m glad you found a way to pivot (borrowing against BTC must’ve been a lifesaver in that moment). It’s wild how much leverage and trust are stacked into these transactions—one wrong move and everything unravels. Hope the new place feels like a relief now that the dust has settled. And hey, if you ever want to chat about the Bitcoin side of it (or just vent about the m