What if one borrows $1000 when bitcoin is at $1000 and then has to pay back the loan a year later when BTC is at $4000?
I believe he have to pay in dollars but I am not sure. It would be better for loan taker than borrower in this situation.
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If the borrower pays back in dollars then the lender loses out on the gain in BTC value...
That's true.
Ouila, there you have the federal reserve system lol