Matt Luongo, Founder and CEO of Thesis*, emphasizes the need for a more robust Bitcoin credit market. Despite advancements in Bitcoin adoption, such as SEC-approved exchange-traded products and new financing businesses, the market struggles to effectively lend against Bitcoin. Luongo highlights that while Bitcoin is a highly liquid asset, borrowing against it remains scarce and costly, with rates often exceeding 9%. Luongo argues that the current financial system fails to recognize Bitcoin's potential as collateral, resulting in high borrowing costs and rigid terms. He calls for lenders who understand Bitcoin's role in capital strategy, advocating for a credit market that respects Bitcoin's quality as collateral. This shift, he suggests, is crucial for Bitcoin's financial maturation and for businesses to leverage Bitcoin as a balance-sheet asset.