Xapo Reveals Bitcoin Borrowing Trends: Long-Term Loans on the Rise

A recent report from Xapo Bank, titled the Digital Wealth Report, indicates a notable shift in the behavior of Bitcoin borrowers. As the product approaches its first anniversary, it appears that users are opting to keep their Bitcoin-backed loans active for longer durations than initially expected.

This change suggests that borrowers are moving from a focus on short-term liquidity to a more strategic approach in their financial planning. The findings underscore evolving attitudes within the cryptocurrency lending space, reflecting a growing confidence in Bitcoin as a long-term asset.