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AMERICANS ARE TAKING OUT MORTGAGES TO BUY BITCOIN

But if Joseph Borg is correct, such cases are no longer isolated, and the higher bitcoin climbs, the greater the risk credit-takers face.

Speaking on CNBC on Monday, the veteran securities regulator said:
We’ve seen mortgages being taken out to buy bitcoin…People do credit cards, equity lines. This is not something a guy who’s making $100,000 a year, who’s got a mortgage and two kids in college ought to be invested in.

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