sounds great. i just worry about this one for you, if real estate really were to crash 35%:

sounds great. i just worry about this one for you, if real estate really were to crash 35%:

Well this is where the capital allocator must be careful...
Firstly, it's all about position sizing in my view. Eg you take 20% of your BTC stack, re-allocate into a leveraged real estate play, and commit to carry the debt. Sure, your 20% could reduce by 35%, but the key is you would still have 80% of BTC to potentially price action to the upside. It would be about allocating into something you need, whilst not losing the amazing capital growth position that you've built youself. If you really went for it, you could use some kind of BTC collateral tool instead of selling, but I think I prefer the cleaner approach of simply selling
Plenty of thought still required
Note - I would be buying real estate in Australia, I think the chances of a 30% drawdown here are sub 5%
I'm definitely coming around on diversification. I am also coming as round to view the whole point of Bitcoin is not an end in itself but as pairing with real estate (instead of debt) and making development possible. It is harder to split as far as inheritance goes.
ledn loans give me the heebie jeebies. Howard Lutnick basically admitting that the plan is to introduce Bitcoin lending products to use natural volatility to sweep more Bitcoin towards his company.
Yeah I just released an episide with Igor from FireFish, which is a BTC collateral marketplace, and I thought it sounded better than previous products
Still not totally over the line with it, especially when one is considering Real Estate, which itself has sophisticated debt products