The ONLY Bitcoin Retirement Strategy You Need.
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- Опубликовано: 9 май 2024
- The way they’re teaching you to retire will take you down the wrong path. So I’m teaching you what the rich do.
It’s up to you which path you want to take. The uncertain prediction of how much you need till you die, or a better way…
FREE EBOOK: www.1markmoss.com/bitcoin-retire
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Disclaimer: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me. Don't invest money you can't afford to lose. There are no guarantees or certainties in trading or investing. My videos may contain affiliate links or sponsorship to products I believe will add value to your life and help you. In some cases, I may receive payment or other consideration from the companies mentioned in the videos. No matter what I or anyone else says, it’s important to do your own research before making a financial decision. SEE FULL DISCLAIMER HERE: go.1markmoss.com/disclaimer
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This is the exclusive training I referred to at the end of the video: ruclips.net/video/lg2bnJwk4Pw/видео.html
Very nice work Mark
Thank you for your time and Knowledge!🙏👑💰
where is the link to the last conference of Micheal Saylor that you refer to at the end of this video? I would like to watch it fully. Thanks in advance.
God Bless you Sir ❤ even More
Did the calculator link get taken down? I don't see it...
Investing in cryptocurrency offers the potential for high returns and diversification in a rapidly evolving financial landscape.
While the potential for high returns is appealing, it's crucial to do thorough research and stay updated on market trends. Working with an adviser while Balancing risk with informed decision-making can help navigate the volatility of the crypto market effectively.
how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success??
Angela Lynn Schilling is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
Be careful Jalen don't give your money to anyone you meet on the RUclips comments.
Mark, can you do a video on different lenders who you can borrow against your Bitcoin?
The only safe option I’m aware of is hodlhodl but low liquidity
None that are safe or affordable yet . Problem I have is I have no property to use to lend against. In Australia the average property is nearly a million dollars. Maybe a unit will be affordable first. It's going to take alot longer for a poor arse like me 😂
Yes, a safe platform. Many videos out there about not to sell the asset and instead borrow but which institution?
THORChain
I bought BTC when it was selling at $2,300 and wanted to protect my wealth from inflation. So I sold one of my properties and bought 8.25 BTCs. That $18K I bought in BTC back then is worth over $500K now. I became more of a student of crypto which led to other speculations and voila. That half a million in BTC is looking pretty small compared what I have now. Exciting times.
doubt it. you're probably shilling to get more suckers into the ponzi scheme
Word to the wise man: take some of those profits and deploy it into something totally unrelated to crypto. Gold / silver bars or fine art
Didn’t it just go down by 3-4,000 dollars ,and expects to go down again, but others get sucked in and it goes up,
Smart person congratulations!!
@@patriciamoore51 😉
I didn’t see a calculation factoring in the interest rate on the loan? When I run these calculations factoring 1) loan interest rate, 2) inflation, 3) CAGR of bitcoin I find the interest rate (right now at ~13% APR) plus inflation (9% compounded annually) requires a BTC CAGR of close to 22%.
These inputs must be factored into the calculations but I didn’t see them mentioned?
The way I see it is the CAGR of BTC must be greater than the combination of the interest rate and inflation. I’d like to see this calculated.
Loan Interest Rate and Inflation are NOT additive, the Inflation eats up the Loan Interest. Also, watch “Saylor Bitcoin Prague” and see that there is no second best investment that is anywhere close to the CAGR of Bitcoin.
Bitcoin is so pristine, banks will be paying you for the loan.
@@mattryanflores elaborate
it will be so rare in time, could we see xxx% returns 😂
I just asked this same question. Seems reasonable to at the very least account for the APR on the loan, inflation is a bit more uncertain on the actual rate
Sounds like a good plan until the lending platform that you’re using goes bankrupt and you lose 75 percent of your btc, like what happened with Celsius.
Thats why people transfer their Bitcoin to a self custodial wallet
@@sean-kb4wrYou can’t self custody if you want to borrow against it. Be it via a smart contract or outright handing over your crypto to a lender, the price of this “retirement program” is handing over your keys to the outside entity that is going to require your bitcoin as collateral for your loans. The lender could go belly up, steal your crypto outright, or, if you hand it over to a smart contract, malfunction.
Let them. They buy bitcoin at the price they deserve, they lose it because of misuse. Bitcoin fixes everything, including itself.
@@sean-kb4wr Can I lose a self-custodial wallet?
You can’t self custody and simultaneously use it as collateral for a loan. That’s my point. In order to Borrow against btc, you have to give up self custody.
Super solid, I lost .5 btc this year to a scam exchange, I’m back to .25 an this convinced me I’m never gonna sell an totally understand why people just hold forever
I really have watched over 1000 RUclips videos on BTC. This is one of the top 10 for me; the first time someone actually explained the way that smart ppl can live off debt against their assets. Incredible explanation. Thank you!
Until you realize you have to account for interest charged to borrow against your bitcoin assets
@@jchief40 good point
@jchief40 yes, it was all good when interbank rate was 0% but after an aggressive rate hike cycle your in trouble just like the banks are now
Michael Saylor speaks of this.
Thanks Mark for what you do
🙏
Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. As someone with a £401k retirement fund, I'm concerned about the impact of inflation on my savings
Beautifully explained. TY!
Great idea to show examples! Ty
You’re very welcome.
Mark, where can we deposit our BTC to get the loans in the future?
Great Video, Thanks Mark!
You’re welcome 🙏 thanks for watching.
@@1MarkMossgrifter
Thank you for the video Mark. This is just so fascinating. More videos on where to get the loans and what are possible risks involved. Thank you for sharing your knowledge.
Beutifull content, thank you.!
I little confuse.. but , is bacause I still learning.. I just need those banks that will loan cash for your btc.
At low interest right?
What platform do u use for the loans Mark? Swan, Ledn? Thanks, great vid.
Unchained Capital
Unchained and Hodl Hodl are also good options
Yes please record videos about the final questions in this video!!🙏
Thank you Mark for another valuable video.
Thanks! 🙏
very good information.
This is the best explanation on how the money system works and how to make money work for you! Many thanks!
Small correction for the calculator you have 5 year cycles on the calculator around the 26min mark - 4 green years 1 red year rinse repeat.
Thanks for this video - good clear content as always 👍
My pleasure! 🙏
question. what platform can be used to borrow on your bitcoin becuause i didn’t see you mention it.
Thank you! Please make a video on where can we borrow against our BTC
How exactly do you figure that 10% of 900T is 200T ??? 21:50
I'm no mathmatician, but I would think that 10% of 900T should actually be 90T ???
I think he said all assets are 900T, but bitcoin was going to surpass gold, which is 200T
Yes, it should be $90 trillion. Regarding gold, its current market cap is only $10 trillion so, no matter how he arrived at $200 trillion, something went really wrong.
@@Moti-Matter The market cap of gold is $10 trillion.
@@realjoeplummer $15.894 T.
The $200T included percentages of each asset class, bedsides gold
Thank you Mr Moss
Great video!
Fantastic video
This video mentions borrowing. Borrow what and from whom? Who will lend to a retiree if he has no income? What is the interest rate of the loan? Who knew a leveraged bet on BTC is the way to easy street? This channel is replete with comments from scammers who see BTC as rife with potential.
I agree. A lot of missing information.
Borrow from the lender or smart contract who will hold your bitcoin as collateral.
You didn't watch to the end. He explains more about this at 29 mins
You borrow against the value of your asset (Bitcoin). You post the Bitcoin as collateral for the loan.
Most companies that currently offer Bitcoin-backed loans require over collateralisation, meaning, if your Bitcoin collateral is worth $10,000, they will lend you $5,000.
Companies like Unchained hold your collateral in a 2-of-3 multisig, where you hold one key, they hold another, and a third party holds the last key. This way, your collateral is not lent out to earn more yield and risk losing it.
So, if a retiree has $1,000,000 in Bitcoin and wants to borrow $50,000 (5% of the value), they'll have to post collateral worth $100,000 with the lender.
Hope that makes sense
@@TheBitcoinExperience How did you come to the collateral being 100k? Is it due to the volatility that lenders want 2x the value of the loan as collateral in todays market?
Thanks for the video, very insightful
awesome Mark, best video to date :0)
In conclusion Satoshi Nakamoto should receive a Nobel Price in Economics.
if you can find him.....meanwhile goes to Sailor
Lol, nope!
In the future, the Nobel Prize will only be a shadow of the Nakamoto Prize
@@geoms6263 He's Bill Gates
How does the debt transfer? Does it need to be paid off when you die? Do you sell some of the asset to then pay off the debt? What about cap gains tax then when selling to pay off the debt?
Wow... best video to come on my feed in years! Thankyou.
What about death / Estate taxes Mark?
Thank you. You have really worked hard on this, and I appreciate your efforts.
Thank you for watching 🙏
@@1MarkMoss I did this exact method thru Defi and I"ve come to the conclusion that its better to sell rather than constantly borrowing against your assets
What interest rate are you borrowing at in the chart?
ty for sharing this video
So you’re talking about a 1 year loan on bitcoin? What kind of interest rate were you thinking on that and who do you think will be wanting to loan it to you ?
This video was helpful. I never understood how to pay back the loans against assets before. This video has that answer except for assets that increase by much less, such as an average of 5% to 10%. Borrowing 5% of that each year does not give much cash flow.
It also doesn't include interest on the loan itself.
Well presented thanks
Fantastic Mark thanks amigo !
Your model seems to assume you can get an interest free loan using Bitcoin as collateral?
I was thinking the same. There are a few institutions that are currently giving loans against your BTC, but at a rate of around 9% or more
@@petrolo72 but BTC has been going up way over 9% every year on average
Get assets, value goes up, then buy assets with acquired to asset for cash flow.
As long btc has higher percentage gain versus the loan you are okay.
@@petrolo72 so if the interest rate is 9% per year and your BTC is going up 200-300% I'd say you can cover the cost of your annual loan.
I think you could make a video on decentralized apps like AAVE, which work pretty well and have interest rates of around 6% aa
Thanks Mark, this was very inciteful. I will be following your channel.
Amazing work. Thanks Mark👍
As soon as you input an interest rate of anything, this whole thing doesn’t work. Right now on Unchained Capital, the interest rate is around 12%. Where are you getting interest free loans from?
This whole model is just clickbait. You can't get interest free loans anywhere. I suspect the banks will require at least 10% interest once they start providing BTC backed loans, especially short term loans.
Im not sure who they is but they say “BTC loans will be so competitive that the market will more than likely reduce interest rates compared to the FED. Maybe 1-3%”
@@fred6907they might even charge less than 10% interest, since Bitcoin-backed loans are usually over collateralised, which means very little, if any risk to the lender, as they can liquidate the collateral and recover their funds.
I am getting interest free loans on Thorchain for BTC up to 50% TVL.
Meaning borrowing from Celsius, right ? Last time I've watched him explaining this it was before these platform collapse and people loosing the Bitcoin deposit.
With defi coming to bitcoin, you will not need a middleman
Ledn is a good one
@@DEM78976 Borrowing money that can be rehypothecated by Ledn (used as collateral for further borrowing by unknown parties) exposes you to significant and unpredictable risks. The strategy presented in the video relies on specific conditions:
1) The debt-based system must remain stable beyond your life span, which is not guaranteed at all.
2) While overcollateralized loans, as suggested in the video, can mitigate some risk, they are not immune to mark-to-market adjustments, which can still trigger margin calls if the collateral value declines significantly. The loan rather should not be subject to mark-to-market adjustments, as seen in real estate, where price fluctuations can trigger margin calls even if you're over-collateralized.
3) You must have a banking relationship that offers low-interest loans, which is often difficult for individuals.
4) your capital must be locked so it cannot be rehypothecated without your consent.
While this strategy may work in limited cases, the video fails to disclose the inherent risks and limitations.
@@twitafftwitaff7029 Good luck getting your money back when shit comes crashing down. I'm highly skeptical of all these lending platforms, just stay humble and stack sats.
*losing 🙄
Most useful video ever made! Thanks Mark!!!🎉
That means a lot to me. So glad you enjoyed it so much! 🙏
Great video. Thanks
🙏
What platform are you using to leverage your btc against debt?
There's multiple, but Unchained is the safest, in my opinion, because your collateral is held in a 2-of-3 multisig wallet, where you have 1 of the 3 keys, the lender has another, and a third party holds the last one. With this setup, you can check your collateral on-chain and know for sure that it is not rehypothecated.
you could use your mobile phone to call everyone on the planet when you were on the road. There was tremendous value in that, regardless if others had mobile phones or not.
Yes, you could call landlines.
Thanks for sharing this interesting perspective.
Great insight,very honest. Thank you!
Cool theoretical video, I guess the question is: who are you borrowing from?
What reliable and trustable company/entity is lending with BTC as collateral? Last company I heard of was Celsius and we all know how that turned out…
It sounds great in theory but unless we have the foundations needed in place it’s all smoke and mirrors.
Nexo, but not available in US thanks to regulators.
Why don’t you add the APR required for these loans? Seems reasonable to account for an approximate APR as well.
Great video Mark. Thank you
Sir I have one question, eveeytime I buy low and sell high I should be making more money right? But my wallet becomes less and less, why is this?
Is there no plan to pay off that 2million debt that keeps rolling over until you die? Or does that debt get passed onto your children? Also, passing on that Bitcoin to your children--would that not generally incur an inheritance tax from your government?
if you wanted to pay off the 2 million and not incur another loan you would simply sell off assets/pay off the debt with your normal income. Mark doesn't take into account that you could still have other sources of income to help pay off the loan. Hell, your stack at that point (according to his calculations) was worth $37 mil.
Amazing content
Thanks!
Hi Mark, I really enjoy your content but perhaps your followers might find a video on another version of Bitcoin that might provide them with potentially higher returns interesting...
Bitcoin Cash is up about 300% in one year, so over twice the gains as BTC over the same period
BCH has the same 21M max supply, the same Genesis block, same miners and halvings
Will we see BCH ETFs in the future ?
BCH at $420 a coin is affordable for everyone and might be an alternative retirement investment IF BCH is following BTC and just a couple of cycles behind
@@1MarkMossMark, Oct 2024 so voting him out will have no effect. Whats in the budget? (1)Paying 25% tax on unrealized gains, meaning if your home, Crypto, stocks etc goes up over what you paid for it, you dont have to sell it to be liable for the taxes on it. (2) no more 1031 exchanges (3) pensions arent taxable but the Pension Funds will be held liable for the taxes which means they will quickly become insolvent. (4) An additional death tax (5) theres more! Call or email your Congress Person today & tell them if they vote for it you will vote against them in the next election! Wolves&Finance covered it.
@@1MarkMoss Mark, Govt didnt make it illegal, just HEFTY taxes as thats whats in JBs 2024 Budget that Congress votes on in May 2024 to go into effect Oct 2024 so voting him out will have no effect. Whats in the budget? (1)Paying 25% tax on unrealized gains, meaning if your home, Crypto, stocks etc goes up over what you paid for it, you dont have to sell it to be liable for the taxes on it. (2) no more 1031 exchanges (3) pensions arent taxable but the Pension Funds will be held liable for the taxes which means they will quickly become insolvent. (4) An additional death tax (5) theres more! Call or email your Congress Person today & tell them if they vote for it you will vote against them in the next election! Wolf&Finance covered it
Great video, best explanation I've seen on yt.
Great info buddy, do you think a coin like Primetime token could move in a similar direction to Aero?
I have been asking accountants for years how to pay less tax and increase income and NOT ONE could tell me what you have just answered in this short video, you have just changed my life thank you!
I'm not understanding what he means about borrowing it. I understand overall it goes up pretty much every year but how do you have cash flow from that? If you sell any into dollars you pay taxes on it.
@@song2001september I think what they mean is you buy assets then you go the bank and borrow a personal loan against those assets
@@mrmacc1312 Gotcha, ok thanks. I wasn't sure what he meant.
@@song2001september In his last example, he started with 2.3 BTC ($100K) @$45K per BTC, it appreciated for a 4 years before borrowing against it. At this point (year 5), the 2.3 BTC is worth 750K, borrow $75 K cash against it (%10 of your BTC value - over collateralized). That $75K loan in stablecoins (USDT/USDC) - convert to cash to pay your bills. No tax to pay on the $75K loan. In year 6, your 2.3 BTC is now worth $1.5M, you borrow %10 - $150K and pay off the $75K loan from last year. He didn't include interest, so let's add 10%interest or another $7.5K - so $82.5K total, leaving you $67.5K to live off in year 6. Repeat.. etc..
I never thought of it that way. Thank you!
Thank you for your presentstion. You’ve helped to further mold my perspective of money, and Bitcoin for sure! Again, thanks…
This content is crisp! New sub! 👏
Leveraging with debt sounds like the old system. Who would I be indebting? Do I want that on my conscience? It's the thing we're all trying to escape, isn't it? Why create more of it?
I know it's how you expand without work, but is that moral? Should you be able to get someone else to add their portion of the pie to your plate through debt? Even if voluntarily entered into?
This is a tool. Use it or don’t. Your concerns are personal to you.
@@KK-sg5glyou don’t care about his concerns? Interesting
Spot on, morals and principals of economy is totally corrupted by making wealth creation a principal in life rather than a mean to prosperity of the smaller and bigger communities and people around the world and it became a viscous selfish cycle making yourself the centre of everything and forget that your success won’t be achieved without considering all other people around you. I’m not socialist by the way nor I’m a capitalist.
If I may try to answer some of your questions...
1. You would be indebting yourself, so there's no moral or conscience issues to be had there
2. Debt isn't bad. Being a *slave* to debt (or anything else really) is what's bad. So if you have $1mil worth of assets and $75k worth of debt, you're not a slave to that debt.
If you believe an asset will go up, you want to own it, not sell it. But everyone has bills to pay. What he's suggesting is to take out a SMALL loan against your asset (honestly I think anything more than 8-10% is too risky) so that you can pay for your bills/lifestyle, but still maintain the upside potential of owning the asset.
It's nothing new or groundbreaking. Many rich people do this with very small loans against their stocks instead of selling them. Why pay 50% tax when you can pay 0% tax?
when you secure a loan from a bank, money is created from nothing so your good
the problem for bitcoiners atm becomes; who do I trust to collateralize my bitcoin that I can borrow against? The answer is nobody, just look at celsius. There is no regulated audited 3rd party to trust in the cryptosphere
Bitcoin is going up until it doesn't. This guy is so sure that bitcoin will go up forever.
It's a valuable long term asset, period.
He did he research and has conviction. How about you? Obviously not
the dollar will be going down forever and thats is a 100 % garantee!! Everything else has risks yes! Buy bitcoin and just hodl
The dollar crash will ignite the fire, cash flows into assets in hard times
While no one likes to hear it, there exists a scenario where Bitcoin won't make it in the future. People who have these massive loans out against their Bitcoin would be in trouble.
Excellent Mark, thank you and much appreciated.
You’re very welcome.
Great job.
Currently is there an institutional interest in Bitcoin collaterized lending?
On chain there is a ton of options
@@RobynDesJardins on chain? That’s great to hear. Can you give me an example of where I could look please?
Where do you borrow the money from Mark ???
Celcius or blockfi 😂
@@silvermoneydude2044 😂
Awesome video. Thanks!
Thank You!
Awsome video content. I want some of that for each of these subjects. Thanks for the information
Great video - thanks for the info.
Glad it was helpful!
Even if banks gave loans on BTC, how would this work if you hold it in self custody? Makes sense it would be easy if you hold a BTC ETF.
Exactly! Not your keys not your coins.
This is ETF not self😊
@@rdbjbush Seems he would not have called this the "only" retirement strategy you need if this just referred to ETF since we know he believes in self custody. Seems this should be presented as an ADDITIONAL strategy to hold SOME of your BTC in an ETF to borrow against it.
@@SashaOsterI am only aelf perhaps is future
Hi Mark, thank you for the video, it’s clear.
However, please advise how do you think about the asset security when you utilize your BTC for getting debt, as far as I know it’s only happen on Defi or CEX.
How if next “MountGox” or “FTX” coming, and how do you manage the risk ?
Useful way to understand how to borrow against assets. Thank you
Hi Mark, I am 63 years old married to a beautiful young woman and have a 10 year old son. Last year I bought 3 bitcoin in Fidelity digital assets. I also have .90 bitcoin in coinbase. I will read your book and hope it can help me as I plan to retire in 2 years. I had a plan to cash in one bitcoin to start my retirement and hold the rest. Your video here has me thinking about how to retire still in 2 years but live off my bitcoin. I appreciate your advice. Thank you
Coming from a person who had used Coinbase since 2017 and had had over $150,000 worth of unrealized gains due to Coinbase going off-line and not allowing you to sell for profit, or conversely, being able to buy bitcoin on large dips. Do your due diligence get rid of Coinbase ASAP and move your BTC to a hardware storage and use a place like Swan bitcoin to purchase future bitcoin.
We like them young....
Educating yourself and learn to self custody your BTC it is paramount before putting it a tax effective structure. A lot of learning is ahead of you. If you do not clearly understade what you own, you will not understand how it could potentially be rug pulled from you, by leaving it on these on ramps and off ramps ( Fidelity, Coinbase). The large BTC investors saying ETF are a nessessary risk are in a position where they can say that as they can risk wieght average doing both ETF and self custody. The benefit being in there asumation that they will be able to easyly borrow against their ETF BTC in the future as bank lending products become available.
Nice
ya all good and well, but what reputable company are you borrowing from...?
Like Mark and Saylor said: wait five years and every bank will offer these loans. Right now a place like Nexo is just too sketchy, but where there's demand for a product it will come to be and with it proper governmental regulation for consumer safety thanks Gary G.
@@ChrisTough-vd5nz Its in Defi. AAEV VENUS or COmpound
Who do you borrow from? And do you pay interest in the borrowed amount?
Thanks Mark, great nuggets shared.
Which one is a “safe place” to currently get those loans ? It probably doesn’ t exist
Unchained or Hodl Hodl
Where do I get these loans? What are the risks of these loans? Thank you for your videos Mark.
Nowhere. Huge.
He can't answer that question
Amazing video. Solid math. Thank you.
Glad it was helpful!
Cool,thanks for sharing.
What institutions allow you to take a loan backed by bitcoin? I don’t know of any. Plus they will likely want to hold on to your BTC for the duration of the loan. That’s a no-no for me. Would be good to get into those details, but in theory this would work
There are several platforms such as ledn and nexo but you’re right the terms are not favorable yet. As far as I know they are all custodial solutions. I think unchained had a multi sig 2/3 lending option where you had one key, unchained another and a third institution the third key, but they no longer offer individual loans. Also the APR is not yet favorable to make it worthwhile in my opinion
I'm with you on self custody. However, for thought experiment; banks don't custody your property when you take out a loan. IF/WHEN as Saylor says banks mainstream btc as a collateral asset I'm sure there will be as sort of custody, escrow and or lean structure. There is no free lunch.
I see a lot of people asking this question he hasn't responded.
Where are you borrowing from?
just search crypto/bitcoin loans on google. In Australia there are a few already. things like Vield, Block Earner.
Decentralized. AAVE COMPOUND or VENUS. Place your BTC as collateral and borrow USDC
celcius...ftx lol
@@ace1603 haha sounds about right
I'm wondering the same thing ! Does anyone know this answer??
Very useful info. Thank you
This was a great video sir. Gives us lots to ponder. Well done.
In our culture, you don’t save for retirement. Instead, you have kids and hope they learn from the likes of Mark Moss and Robert Kiyosaki.
If it crashes every fourth year, how do you pay off the YEAR #3 loan?
@@Sdea001 This model is risky. It relies on the 4 year cycle to continue forever basically. There is NO guarantee this will go on just like before. I can almost guarantee the government will step in and apply capital gains on unrealised assets once people start to make serious money on this.
@@fred6907good luck to them enforcing that 😂
Using this method, do you actually pay any interest or just capitalise it into a bigger debt?
thank you @1MarkMoss the best !
Perfect video! I want to know about all those questions
How do you borrow against Bitcoin. Waste if you don’t tell us that. Can’t just walk into bank and get a loan against Bitcoin. Rest of your all too long chat is useless
So is it a speculation that banks will give you loans in the future??? Are there a list of these type of crypto leverage bank? Its this type of bank in the works and we dont know about it.... Is it the evolution of banking.... Was there a point where some would leverage your sea shells? To what and why?
U can loan on the exchanges like bybit and ur collateral is your asset or token dat you purchase
You can loan against your crypto on any exchange and many defi protocols - no discrimination in approvals unlike banks 🥸
1. Leveraging crypto for debt isn't possible right now - who is providing the loans lol? That's crucial to know, who the hell is lending against BTC?
Someone correct me if I'm wrong here, I would love to know.
I was looking into CRT's because I don't care to pass anything onto anyone when I pass away and this is another method of not incurring any capital gains taxes. Anyone have thoughts on this that knows about it?
.... That is what defi is. Stable coins and smart contracts.
First time watching ur content. This info is great. More on loans with BTC content would be awesome. Curious the risks involved. Thanks
Excellent, clear description. Much appreciated Mark! Looking forward to reading your free Bitcoin Ebook as well!