According to Milk Road, borrowing against Bitcoin can lead to significant losses primarily due to panic selling and over-leveraging. They emphasize the importance of understanding the risks and strategies involved in borrowing against BTC to protect your assets and ensure financial stability. This involves maintaining a low Loan-to-Value (LTV) ratio and choosing reliable platforms. For traders, this insight is crucial in preventing loss and maximizing Bitcoin's potential.

According to @MilkRoadDaily, institutions have invested over $100 billion into Bitcoin ETFs, showing their comfort with regulated, familiar, and safe investment vehicles. However, the hesitancy to put Bitcoin to work through borrowing or earning yield highlights the complexities and risks involved. Institutions focus on the stability and regulation of ETFs rather than venturing into yield-generating strategies, which remain less regulated and riskier.