
10 years ago, Mastercard would shut down the account of anyone selling #Bitcoin using their network.
Today, they want to let you spend your Bitcoin on their network.
But according to your favorite yuppie influencer pushing fixed-loss bonds, Mastercard is about to enter a Ponzi scheme.
Bitcoin is the ultimate collateral. It makes perfect sense for credit card companies to offer you credit in fiat currency using your Bitcoin as collateral. It’s a no-brainer, especially considering Bitcoin’s network size.
If Mastercard does it, VISA, Amex, and Diners will all follow. No one wants to be left behind. Game theory at its finest.