A larger share of Bitcoin holders may choose to borrow against their BTC instead of selling it over the next three to five years, according to Hunter Albright, chief revenue officer at SALT Lending. Speaking on BMTV, Albright said he expects Bitcoin-backed lending to become more common as the market matures and users grow more comfortable treating Bitcoin as collateral. He argued that this could reshape the relationship between Bitcoin, credit and stablecoins, with Bitcoin serving as long-term "money at rest" while stablecoins act as "money in motion" by providing transferable liquidity. The article says that for this model to move into the mainstream, the market will need more education around both Bitcoin and the mechanics of borrowing against it. It also points to a behavioral shift: holders may begin to view Bitcoin not only as an asset to accumulate and eventually sell, but also as collateral that can unlock liquidity while preserving Bitcoin exposure. The piece adds that this approach is already common in other parts of finance and notes that, in the U.S., borrowing against an asset generally does not itself count as a taxable sale, though individual tax outcomes depend on transaction structure and personal circumstances.

Bitcoin Magazine’s first episode of The Allocators Edge featured UXTO’s Dan Hillery outlining the rapid rise of Bitcoin-backed digital credit, a market he said has grown from almost nothing two years ago to roughly $16 billion today. Hillery argued that the financialization layer being built on top of Bitcoin could eventually rival the scale of the Bitcoin network itself, which the program referenced at about $1.5 trillion in market capitalization. The discussion covered how variable-rate preferred securities such as STRC and SATA are priced, why buybacks help keep them close to their $100 par value, and how digital credit risk differs from digital equity risk. Hillery also described the structured credit fund he is building, including its senior and junior tranches, while the episode’s timeline pointed to topics such as short-duration Bitcoin-backed notes, leverage, volatility transfer, liquidity, redemptions, and the role of digital credit in a 60/40 portfolio. The post also carried a detailed disclaimer stating that the video is for informational and educational purposes only and does not constitute investment, legal, tax, or accounting advice.