1. Using cryptocurrency as collateral for a home loan is possible, but it comes with significant risks.
2. One Bitcoin OG, who used his Bitcoin holdings as collateral for a home loan, lost everything when the value of Bitcoin plummeted.
3. It is important to thoroughly research and understand the risks involved before using cryptocurrency as collateral for a loan.
Summary: While it is possible to use cryptocurrency as collateral for a home loan, it is a risky move that requires careful consideration and understanding of the potential consequences. As one Bitcoin OG learned the hard way, the value of cryptocurrency can be volatile and unpredictable, leading to significant losses if used as collateral. It is crucial to thoroughly research and weigh the risks before making any decisions involving cryptocurrency and loans.