Prediction evidence

Ledn co-founder Mauricio on what happens to Bitcoin loans after a big rally "Bitcoin's up 20 some percent over the last week. What usually happens after a big pump like this, what we see at Ledn, is playing out textbook based on previous cycles." "Immediately after the run up, we see a lot of the people who took loans to buy Bitcoin in the expectation of a move reach their targets. Many people were taking a loan at 60 saying, I'm going to buy Bitcoin and close this loan when it hits 80. Eighty is reaching, and we're seeing some of those loans take profits." "Then weeks after the bump, people start feeling comfortable with their new wealth. Say you had $80,000 and now you have $110,000. We start seeing people come in and borrow against that newly appreciated Bitcoin to renovate their kitchen, to take a trip, to buy another asset." "So I expect to see originations picking up in the weeks to come from Ledn's perspective."