According to a CoinDesk report, the ultra-wealthy are leveraging Bitcoin holdings to finance luxury expenses such as yacht upgrades and trips to Cannes. Jerome de Tychey, founder of Cometh, is reportedly utilizing DeFi lending and borrowing protocols, including Aave, Morpho, and Uniswap, to create structures that enable high-net-worth individuals to obtain loans using their substantial crypto assets as collateral. This development highlights the increasing integration of DeFi in managing and leveraging crypto wealth for high-end spending.

According to a CoinDesk report, the ultra-wealthy are leveraging Bitcoin holdings to finance luxury expenses such as yacht upgrades and trips to Cannes. Jerome de Tychey, founder of Cometh, is reportedly utilizing DeFi lending and borrowing protocols, including Aave, Morpho, and Uniswap, to create structures that enable high-net-worth individuals to obtain loans using their substantial crypto assets as collateral. This development highlights the increasing integration of DeFi in managing and leveraging crypto wealth for high-end spending.