Sorry, but for me a 2-3x needed collateral for a loan is too much trust in the Bank and the government. I won't risk it.
Discussion
That’s a fair argument, but remember Unchained Cap and others offer custodial lending thru multisig. You’re assuming tradfi models will be the only lending offered. This space will evolve quickly in the next bull phase.
Curious your alternative plan? drawdown and incur the tax and reduction in stack? I’m ok with that but like the idea of using a conservative % of total holdings in Bitcoin to generate retirement cashflow with a business of some sort.
I only know about Unchained and it's offering only to US citizens. Are there any other companies with multisig? Maybe for non-US citizens? I don't believe in taxing my Bitcoin spending, so I will resolve this cleverly. :)
Cant speak to OUS unfortunately but know that we collectively tend to underestimate innovation and the pace of discovery. There will be a “goldrush” of tools built on the hardest money known to man. Custodial lending will be just the beginning.
My timeline may not see hyperbitcoinizarion unless I’m grossly underestimating adoption curves and the collapse of fiats around the globe. So, tax strategy is one critical component to living outside of a W-2 job or running business day to day.