NYDIG is injecting new energy into Bitcoin-backed loans! 💥 In the 2024 investor letter, NYDIG announced plans to expand services through floating financing, rebutting doubts about Bitcoin's utility. Bitcoin can not only serve as a source of cash flow but also as collateral for fiat loans, truly versatile! 💰

Analysis indicates that this innovation could provide a new source of liquidity for BTC holders, changing the market landscape. Stone Ridge believes this will accelerate fiat depreciation, enhance Bitcoin's value, and create a positive feedback loop. 🔄

Marathon Digital advisor Sam Callahan emphasized that this initiative will unlock a huge pool of funds in the financial system, bringing significant implications for the Bitcoin ecosystem. Through more efficient lending, BTC's scarcity and demand will increase, attracting more institutional participation and driving prices up. 📈