Philipp Hoenisch: How Bitcoin-Backed Loans Actually Work

🎙️ Welcome to Episode 19 of The Honest Money Show In this episode, Anja is joined by Philipp, Co-Founder and CEO of Satora (Ex-Lendasat), to explore the growing world of Bitcoin backed loans and what it really means to borrow against your Bitcoin without selling it. The conversation centres on Lendasat (now Satora), a Bitcoin lending marketplace that connects borrowers and lenders without traditional intermediaries or KYC requirements. Philipp breaks down the fundamentals of Bitcoin backed lending, including how collateral works, why loan-to-value (LTV) ratios are critical, and how interest rates are determined in today’s market. Togethe...