prime trust is not coming back to texas and swan bitcoin is one of the biggest houses built on sand in the bitcoin buying industry
Discussion
P2P
Why is it built on sand? Educate us.
they do not control their own custody or their own liquidity provider and the buying of btc is a downward fee pressure business trending toward zero (strike already there)
they have zero competitive moat and we have seen one example of them pulling out of a state due to their "partner" prime trust losing a license
their motives seem pure but their business is very shakey
all this being said if you use them please keep using them but be prepared with a backup btc acquisition plan
Strike is charging 0.8 to 1% on spread, not on direct fees.
I'm not a fan of Klipsten.
Something that I can't put my finger on is off about him.
That said, I'm in the process of doing their #Bitcoin IRA via transfer from my traditional IRA.
very dumb move. you want all your btc registered in an investment product in the situation of a 6102 event. what you gain in tax benefits you lose in a tail risk confiscation event
😂
Tax advantaged Bitcoin purchase with available retirement funds.
Guess I'm dumb.
I mean very dumb
good luck i wish you the best https://www.usmoneyreserve.com/news/executive-insights/did-fdr-confiscate-americans-gold-in-1933/
"case I found was brought against an individual who tried to withdraw from his bank 5,000 ounces of gold, worth $6.5 million at today's price. In the depths of the Great Depression, this was an enormous sum, even at 1933 prices. Since the withdrawal request had to be processed by his bank, and the bank was required by law to report such transactions, he was greeted at the bank by federal agents. Clearly, he hadn't thought it all the way through."
I'm familiar
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