Shawn Owen, CEO of SALT Lending, stated that banks and credit unions are actively seeking to adopt Bitcoin. According to Owen, institutional interest is driven by a fear of missing out, as traditional financial institutions can no longer overlook the asset class.
The discussion highlighted Bitcoin's role as collateral for loans and its potential to manage volatility. Owen noted that regulatory barriers for banks and registered investment advisors have decreased, facilitating broader institutional participation in the market.
The conversation also covered the development of a secondary market for Bitcoin-backed loans and the impact of Bitcoin ETFs on the borrower base at SALT Lending. Owen compared Bitcoin to traditional assets like bonds and gold during market shifts.
