At this point in my journey, I will never sell. But I may borrow against my Bitcoin one day.
Discussion
I would like to see better debt products than currently exist
What products do you have in mind?
Good question
Non-custodial
Large ticket size
Physical real estate blended
Frankly I don't really know, it needs some thought
But what I do know is that I don't like the idea of leaving my BTC on a shitcoin casino for a 50% LTV in fiat, which then implodes, taking my BTC at half price...
Could go from 100% BTC holdings to
to 100% BTC + 40% Real Estate with 10-20% debt held on the BTC and 70%-80% debt on the real estate held.
That’s a 140% post bull market hard asset portfolio to weather a bear cycle.
- Keep holding your btc
- Borrow 50%-60% of the Btc value.
- Buy Real Estate with cash discount.
- Refi real estate to 70% (or 80% if it cashflows).
- Repay mortgage proceeds to btc loan.
- Ride into bear market asset heavy with safe debt margins on autopilot.
Risks? Gotchas? Benefits? What do you see?
This might work very nicely... Working on something similar
Thanks for sharing
I’m coaching local landlords on the reverse of this. If cycles continue and aren’t garbled up by a super cycle that eats the next bear market then it can be a back-and-forth ratchet. Constantly running numbers as the market materializes and evangelizing to local landlords how they can tap unemployed equity to a bundle of bitcoin alongside their portfolio that they can hold for the next 10 years. Talking to local banks (regional banks are even too big to change core policy like this) about implementing a bitcoin, friendly loan structure like we saw on Squawk Box the other day. It’s what I’ve been doing for years without bank participation anyway. So I can show that it works so far. Wish me luck.