Crypto lenders SALT and Ledn report that Bitcoin-backed loans are increasingly funding tuition and working capital rather than speculative trading, as borrowers seek liquidity without selling their holdings. Industry executives state that clients primarily borrow to unlock value from passive investments while maintaining long-term exposure to Bitcoin, with high renewal rates reflecting confidence in future price appreciation. Lenders are now pushing fixed-rate products to mainstream crypto borrowing, aiming to replicate the predictability of traditional mortgages. SALT intends to offer longer-term loans with stable rates to provide greater cost certainty for borrowers, democratizing financial strategies previously reserved for ultra-wealthy individuals and corporations despite Bitcoin's inherent volatility.