Ela Token Valued at $100 Faces Collateral Rejection from Banks

I am valuing the Ela token at $100 and have purchased an island using a loan, but the bank is unwilling to accept my Ela tokens as collateral. I believe that my valuation of Ela at $100 reflects strong confidence in its future potential. Purchasing an island with a loan demonstrates a willingness to leverage assets based on this belief, although the bank's refusal to accept Ela as collateral highlights a gap between my valuation and the bank's willingness to recognize its value. This situation underscores the common challenge in the crypto space: traditional financial institutions often hesitate to accept cryptocurrencies or tokens like Ela as collateral due to regulatory, liquidity, or stability concerns. The refusal suggests that despite my high valuation, Ela is not yet widely accepted as a reliable collateral asset in mainstream finance. Such an impasse can delay or inhibit financial activities involving crypto assets. It emphasizes the importance of building institutional trust, liquidity, and regulatory clarity around tokens like Ela to gain broader acceptance. Until then, leveraging Ela for significant transactions may remain difficult, restricting its potential use as collateral in traditional banking scenarios. In this context, I might need to consider alternative collateral options or wait until Ela gains more recognition within financial institutions. Strategic patience and ongoing advocacy to improve Ela's credibility could eventually facilitate its acceptance as collateral, unlocking more mainstream financial opportunities.