BTC-backed lending market could grow 100-fold, UXTO Management executive says

The Bitcoin-based digital lending market, now worth about $16 billion, could eventually grow to a scale comparable to Bitcoin’s $1.5 trillion market capitalization, Dan Hillery, vice president at Bitcoin-focused asset manager UXTO Management, said in an interview with Bitcoin Magazine. Hillery said the Bitcoin-backed lending market barely existed two years ago and has since become one of the fastest-growing segments, adding that a range of new financial products is likely to emerge in the market over the next five years.