I’m trying to wrap my mind around what makes the most sense too. I’m debating just sticking with Strike over Fold because of the auto conversion and not having to push bitcoin to the card. Also the tiny reward percentage on Fold for ACH makes me question whether or not it’s worth all the time I’ve put into it
Ok, tell me if this stack makes sense:
nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en to buy. Maintain emergency 3-6 month cash balance and get 3.5% yield paid in Bitcoin (this offers downside protection for the rest of the strategy below in the event of a bear market in that you still have dollars but they are earning a yield in real money. )
nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 for direct deposit >monthly transfers to FOLD
nostr:npub1a27t5chyqgfygncyfqwzpvvkrms6shhal9756jkgnpyzjqpsz5jqama5yp for daily spending and bill pay to capture rewards.
Sweep accumulated savings into Unchained multi-sig and use their IRA product for retirement.
Only thing that’s missing is Bitcoin Collateralized mortgages.
Discussion
It’s exciting there are so many good products for Bitcoin-only this time around that aren’t promising yield. ⚠️ I would never keep the main stack in a custodial service but it seems reasonable to keep a Bitcoin spending account so I can reduce exposure to fiat debasement.
As the market matures we’ll be able to do a lot of this all on one platform. To the victor go the spoils.
The product that would make a meaningful difference in my life though is Bitcoin collateralized mortgages.
100%. I love having the option to have a true Bitcoin checking account now while still being able to short fiat by spending on credit cards. A super app that combined the best of river, strike, and fold would be really convenient. I love how they are all pushing each other to innovate right now