I convert 100% of my paychecks to bitcoin on Strike then once a month I sell just enough to cover all my bills. Over the last year the bitcoin I have not had to sell is worth as much as my total take home pay. In effect I’ve lived for free. It’s all about having as much in bitcoin for the longest time possible so you can take advantage of the ten crazy up days that happen each year.
Discussion
I am sure that worked great because It went from 30K-ish to $104K this year. But now, it's at a high so we should expect a big dip soon and then your Strike Method will not really be worth it
Yes but I get paid every two weeks so I’m only exposed to the price going down for a few days since my last pay and needing to sell some to cover my bills. To your point you need a good savings rate and a bit of runway for this to work without getting stressed or falling short. Yet to be seen how it goes in a bear market. If it doesn’t work I’ll just go back to the old way of getting paid in fiat then buying bitcoin at the end of the month after bills are paid. Order of operations matters.