**Bitcoin-Backed Loans: Jack Mallers Unveils New System at Strike**
Jack Mallers, the founder and CEO of Strike, introduced an innovative system of Bitcoin-backed loans during his keynote address at the 2025 Bitcoin Conference in Las Vegas. This new offering features interest rates ranging from 9% to 13%, a significant reduction compared to traditional banking rates.
Mallers began his presentation by addressing a critical issue: the devaluation of fiat currency. He remarked, “The best time to go to Whole Foods and buy eggs with your dollars was 1913. Every other time after, you are getting screwed.” He emphasized that Bitcoin serves as a solution to this problem, stating, “Bitcoin is the money that we coincide that nobody can print. You can’t print, you can’t debase my time and energy, you cannot deprive me of owning assets, of getting out of debt, of living sovereignly and protecting my future, my family, my prized possessions.”
In his powerful message, Mallers encouraged attendees to hold onto their Bitcoin while also spending a portion to enhance their quality of life. “You can’t HODL forever,” he noted, highlighting the importance of balance in financial management.
Addressing the high interest rates typically associated with Bitcoin-backed loans, Mallers criticized banks for charging up to 20%. He argued that Bitcoin’s volatility is often overstated, comparing it to other stocks. “As Bitcoin matures, its volatility goes down,” he explained. “Bitcoin volatility is at a point where it is no more risky than a Tesla stock. We should not be paying double-digit rates for a loan.”
The new loan system at Strike will allow individuals to borrow amounts ranging from $10,000 to $1 billion, making it accessible for a wide range of borrowers. Mallers concluded his presentation with a cautionary note about debt, likening it to fire: “Debt is like fire in my opinion. It can heat a civilization. It can warm your home, but if you go too crazy, it can burn your house down.” He encouraged responsible borrowing, stating, “Life is short. Take the trip, but with Bitcoin, you just get to take a better one.”
**FAQ**
**What are Bitcoin-backed loans?**
Bitcoin-backed loans are loans secured by Bitcoin as collateral, allowing borrowers to access funds while retaining ownership of their Bitcoin.
