Tried something new today.
Cubed chicken breast. Wrapped in Swiss cheese, wrapped in bacon. Seasoned and smoked to temp...
This was a good experiment. Highly recommend it!
BTC + volatility -> cash flow
Cash flow funds income and Bitcoin aquisition.
Your grow you Bitcoin stack (capital base) instead of rental properties. The stronger your capital base the more you can capitalize on volatility while also reducing risk.
This is the product that is going to disrupt buying rental properties and rent seeking for retirement.
We are building that product.
#Bitcoin is only pristine collateral if you are willing to use it as collateral and agree to multisig custody and loan terms in return for dollars.
Not your keys not your coins.
Yes ๐ฏ true.
But if this is your entire stance you are not holding pristine collateral. You are holding encryption keys that only have value if you sell it.
In the first phase of Bitcoin adoption holding was the only correct solution.
We are in phase 2 now and learning to responsibly use your Bitcoin as collateral is not only valid it's the best way to grow your business and you stack..
Watching shitcoin projects sell tokens to establish #Bitcoin reserves should tell you all you need to know about shitcoin projects. And yes I know I am preaching to the choir here on Nostr
Trying to find a CPA that will work with a new Bitcoin Treasury Company is a PITA.
Thank God for GPT.
If any of you are CPAs and looking for a new business client please send me a DM
What's done is done.
All equity position have been sold. IRA positions are all in FBTC - I "trust" Fidelity more than Blackrock..
All taxable accounts where closed out and funds in route to Base Layer Capital accounts.
My entire networth, other than house, is in Bitcoin, BTC etfs, and income strategies based around Bitcoin volatility.
Literally all in.
Strategy is simple. Small Bitcoin loans combined with non loan capital into MSTR covered call yield engines. Harvest the vol for income let the BTC stack grow and NEVER get over your skiies..
First rule. Do not lose Bitcoin. Stay conservative with growth early on. Plan for 80% draw downs...though I personally believe they are over my models all include them.
All models show sustainability in worst markets. Yield declines, nav declines, Bitcoin declines but we still make it out easily with more than enough income to live.
We have long term adoption as wind in our back and income from volatility on a company executing a leveraged Bitcoin play to fund income and BTC aquistions.
Dead simple.
Borrow Bitcoin.
Buy high yield assets.
Pay off loan.
Keep high yield asset to buy more Bitcoin.
Rinse...repeat.
Do it inside an LLC wrapper for better tax efficiency and liability protection.
Send it.