GM nostr! Question for serious HODL people. How do you plan to leverage your stack to pay for the life you want in retirement or in life in general? #bitcoin #asknostr #hodl
Discussion
Depends on what financial products are developed as bitcoin goes mainstream. Still too early as there are few lenders and they charge too much for the service and require too much bitcoin in collateral.
So currently there’s no real reasonable way to leverage wealth stored in bitcoin without spending Bitcoin?
I haven’t found one that is “reasonable” to me. Maybe you would feel differently. But I think in the next few years good options will become available. Wall Street is just joining the party in 2024 with the ETF launch and the first trad fi bank (Bank of New York Mellon) was given authority to custody bitcoin in September. Good options are coming.
I’m hopeful for more adoption with mainstream systems. It’s hard for me to justify investing heavily into something that may or may not be useful in my retirement age
I’m planning on retiring to a rural community and orange pilling my neighbors so we can all use bitcoin peer to peer without going via fiat. Probably need to use loans or sell covered calls as well. I don’t see a single perfect solution and that’s ok I’ll just cobble it together as best I can.
I’ve considered using bitcoin as a way to store wealth in appreciating assets to then purchase land down the road.