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"It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
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[quote:Anonymous Coward 72746669:MV8zNzE1NzcyXzY2NDcxNTgxXzVDNDA0NDhC] Cameron and Tyler Winklevoss wealth has to come from somewhere, so people mortgaging their homes makes sense. The heavy hitters will slowly sell out in very small numbers so not to cause panic. [/quote]
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"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.
"This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."
"You're on this mania curve. At some point in time there's got to be a leveling off. Cryptocurrency is here to stay. Blockchain is here to stay. Whether it is bitcoin or not, I don't know,"
Innovation in technology always outruns regulations: Joseph Borg
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