The year is 2028 and you have $10mm+ of bitcoin wealth. You decide to spin down your fiat job and support your family with your bitcoin. How do you do this without selling your bitcoin?
Discussion
Are you doing something like Mark Moss explained here? https://www.youtube.com/watch?v=OvAEQhbuvMI
I didn’t watch the video, but if they’re talking about taking loand against your BTC I would be concerned about the compounding interest on debt eventually causing you to get liquidated during a four year downturn or a flash crash. I also don’t like the idea of having a lot of wealth on paper, but a huge endlessly growing generational debt that you never can pay off. I’ve never seen anybody crunch the numbers on a hypothetical.
Am I missing something?