The ONLY Bitcoin Retirement Strategy You Need.
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- Опубликовано: 29 сен 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…
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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.c...
Keep your Bitcoin safe from hackers with the Trezor Hardware wallet: go.1markmoss.com/trezor save $$ with my code MarkMoss
Also, 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...
I think for most people, owning more than 1 BTC will be out of reach. And borrowing against BTC will be too risky until its worth at least $1 Million. Then you have enough of a buffer from interest rates and inflation. Or you just Buy as much as you can afford to now, then HODL as long as you can until you cant work anymore
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.
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.
What platform do u use for the loans Mark? Swan, Ledn? Thanks, great vid.
Unchained Capital
Unchained and Hodl Hodl are also good options
19:25 that makes no sense, people still had landlines that you could've called.
Why don’t you add the APR required for these loans? Seems reasonable to account for an approximate APR as well.
Recently, I've been pondering retirement. I've also invested $800K on S&P 500 so i could secure my financial future. i need an approach to invest in Stocks like Nvidia stocks and ofcourse AI stocks that will align with my risk tolerance and financial goals but it seem to be bearish right now.
Only one problem with this formula, I did not buy $5000 worth of Bitcoin in 2011?
OK, Where do you leverage your BTC stack? Who offers the best interest rate? Who holds custody of you BTC when leveraged?
Hit 247k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.Started with 11k in last year 2023.
Can you make a video explaining how you’d borrow against BTC?
Does this strategy have a name? PLEASE make a follow up with the practical details, like which companies provide these loans, and how it works.
This won’t be free advice. This whole thing was a come on. They always leave you hanging.
Imagine when this money education is really shared with kids at school and what the world could become!
Excellent, clear description. Much appreciated Mark! Looking forward to reading your free Bitcoin Ebook as well!
Unfortunetly Bitcoin will disapipont a lot of people, you will see when you understand whats going on behid the scenes
What's going on behind the scenes
Thank you for your presentstion. You’ve helped to further mold my perspective of money, and Bitcoin for sure! Again, thanks…
First time watching ur content. This info is great. More on loans with BTC content would be awesome. Curious the risks involved. Thanks
Couldn’t you call landlines ?
Hi Mark, thanks for the video! Fantastic content. Would you mind providing the link to your calculator too? Tricky to scan QR code while I am watching it on my phone. Thanks!
Retire off Bitcoin EBook: go.1markmoss.com/ytc-btc
Thanks, Mark . You do explain this strategy very well.
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
What am I missing? How do you borrow from your bitcoin? Celsius was great until they went belly up an I, like most lost 75% of my BTC. How are you borrowing against it?
You do not borrow against it. There is no reliable player to give you loans against it, and there will probably never be one.
Institutional players can default, states too, DeFi is vulnerable to exploits, and there goes your bitcoin.
Me too ! What a disaster that was!
Great video! Could go further on how to borrow against Bitcoin.
I never thought of it that way. Thank you!
Starts at 9:45. Thank me later.
17:02 "Each year I'm borrowing more to pay off the year before"
You describes the Ponzi scheme we live in
But if your planning to retire and do this most places still won't lend if you don't have an income or job. so how can this work?
@1MarkMoss. That was a great video. Could you do a separate video on where to get loans from? Thanks. Greatly appreciated.
What is the best BTC lending platform? I get the borrowing against your stash, but it’s the interest rate currently demanded by the lenders I’ve researched that are way out of line. I’ve seen some at 20% on pristine 3rd party custodied BTC that isn’t traded/rehypothicated
This video just brightened my mood!
Hi Mark, thank you! This is a life changing video!!!
How do you take out a loan when you repay most of these loans monthly? Surly if a loan is not payed back by the time it’s due surly the lender isn’t going to let you take out another?
Don't panic, this 'stall' is actually pretty normal in bull run. Let the weak ones get out and the market will rally. By all the metrics we will see 80k+ BTC, 6.6k ETH, 300+ SOL and BicolAI in a 30 - 40 range. And this will be very very soon, so stay strong!
Love this. Moss makes it so easy to understand.
This "borrowing against assets - game" only works when you have dollars or other fiat, that providers of goods and services are willing to accept. Right around 2040 it may be so that no one is accepting fiat and you have to spend BTC. This is IMO the fundamental promise of BTC about fairness and leveling the playfield for the young. You work - you get BTC, you want to live off of generational wealth - well, then you must chip away from it. In Fiat, middle class is a repulsor, but in BTC, it is an attractor.
Well presented thanks
💯Great information from Marc, but what he and Manny bitcoin believers don’t take into account is the state of where the USA will be in 10 or 15 years time.
USA is in its demise phase. Our country will be unrecognizable in 10-15 years.
you never just hold bitcoin. It has to be traded every cycle or else you miss over 90% of the gains
The whales understand this. Except that these cycles don't exist. (They simply buy low and sell higher.)
It’s dumb to use CAGR back to 2010. Then use Sharpe for past 5 years. The back test is completely useless going forward in time. You need to study what Volatility Tax is.
Wow you just opened up my mind. Thank you. What are you thoughts on decentralized loan systems for Bitcoin in the future?
Too volatile for my conservative being ‼️‼️
200 million is not 10% of the 900 million total. It is 22.2%. 10% of the total would be 90 million. Thus making BTC worth $4.5 million per BTC.
What do you think about MMT ? I recently watch this documentary "Finding the Money (2023) - ruclips.net/video/R47h_ux-nE8/видео.html very interesting stuff.
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
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.
He literally spoke about this in the video.
@@lubo8767 can you please explain? Banks are doind that yet right?
That's Right, pledging BTC as collateral is a big risk for borrowers. Self custody with zero trust of counterparties
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
@@cryptoslacker-464 The lenders will arrive in droves in the next 5 years, don't worry about that! If you don't have a property now, you will be far better off paying rent, and buying Bitcoin instead of saving fiat for a deposit. Bitcoin is a superior asset to property and you will be able to convert Bitcoin into a roof over your head far quicker than the traditional way.
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 😉
Good information ,I am very happy that I made the best decisions by making a good investment. Even at my age, I was recently able to purchase my third home, and I think if CRYPTO continue well, I will retire early.
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?
I use more or less this strategy by borrowing money from Binance loans to either buying more crypto or using it for regular fiat purchases. I leave the BTC appreciate, and then I pay the loan back with the increase in value.
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
@@luct3368 particularly since they shitcanned it on Obama and ignored Trump
There is no satoshi nakamoto, real names darpa
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 🙄
Great Video - three things: first, only one with a cell phone, but no one to talk to: I get the point, but that's wrong. There were millions of landlines then, I was there too. Second, for the store of value slide, Mark states he is using 10% of the total market, but shows the market at $900T yet number he uses is $200T - which is not 10% being $90T, it's more than 30%. Third, there is no accounting for the rate of interest paid on the debt. So we can borrow for a year with no interest?
Not that those really matter much, but should be pointed out IMO.
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.
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.
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
Dead based monetary system what a fraud..bubble
Poor humanity
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.
I think you could make a video on decentralized apps like AAVE, which work pretty well and have interest rates of around 6% aa
This is the best explanation on how the money system works and how to make money work for you! Many thanks!
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
You will never retire off bitcoin. Now that black rock has the hooks in it bitcoins is dead money
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
Thank you! Please make a video on where can we borrow against our BTC
Exactly, and how it practically would work. It is my understanding that many banks refuse to deposit money that comes from crypto.
@@philconners8871 Did you watch the Saylor clip from 28:44? Answer is the assumption that banks will fully adopt Bitcoin and main stream banks will lend money against your bitcoin
I’m at 3.789
I had 5 BTC but swapped most of it into a different Bitcoin.
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 (2016 Bitcoin spot price) a coin is affordable for everyone and could be part of an alternative retirement investment IF BCH is following BTC and just a couple of cycles behind
🤔
pleb
@@dsflat6785 Bitcoin Cash?? You poor thing. I'm sorry you fell for that.
I will make an effort to steal all of your bitcoins because you are bragging
@@dsflat6785 BTC cash is death......-90.11% ATH. Garbage
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!
USA is in its demise phase. Our country will be unrecognizable in 10-15 years.
Everybody is wrong except you, right? Got it. lol
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 ?
When BTC hits 1 Milly, you can live off the annual BTC profits , as BTC will continue to increase by over 100% most years after the next bear market
BTC will not hit 1 Mill.
Mark, where can we deposit our BTC to get the loans in the future?
Dude was the first one with a cellphone, so he could call no one? Someone tell him he could have called ALL phone lines.
question. what platform can be used to borrow on your bitcoin becuause i didn’t see you mention it.
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.
Democrats want to tax unrealized gains... gonna make it very hard to hold BTC if that happens
That concept of taxation is absolutely insane.
Which one is a “safe place” to currently get those loans ? It probably doesn’ t exist
Unchained or Hodl Hodl
Counterparties are BTC attack vectors.
At 21.57 min how is 200 Trillion 10% of 900 Trillion ?
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.
But this is what Saylor does right? Can we not just do this but with a lower loan? Or would interest be too crippling?
Where do you borrow the money from Mark ???
Celcius or blockfi 😂
@@silvermoneydude2044 😂
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
keep stacking dude!
Hold. But self custody my friend ,theirs a big difference,I use ledger nano X,but tangem is good as well
how you get scammed? share your experience with us, you might help many others in the community from your sad but painful lesson mate
Excellent point brought up by fellow holder, please share your experience, we need to stick together,us against them
Loss 1 whole Bitcoin
On a dark market site
About 4 years ago.
It hurts,,,
But we learn!
Keep stacking sats
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??
Who is giving people loans backed with Bitcoin?
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.
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.
Love Mark, but frickin hell folks, be careful borrowing against btc.
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.
Credibility?
Mark, the link doesn't seem to work. 😢
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.
Can u just do this for me? That would be great
What interest rate are you borrowing at in the chart?
It's a nice idea, but even to take a 5% collateralised Bitcoin loan, you would need to forfeit custody of your entire holdings
You're right. That is the problem...
Hi Mark, I downloaded your free report to try access the spreadsheet you outlined in this video and it doesn't seem to be available as you mentioned in the video.Is it behind a paywall that you forgot to mention?
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?
Don't do that unless u see a situation where u know the btc is on a bull run like now. Each sun-mon, btc goes up by more than it will go down. Sell very high, then buy low keeping in mind all the fees. The fees are making u have lesss
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.
Two things I see here that I think are minor flaws is 1, you do have to sell some btc to pay back the loan and 2, some services are charging as much as 20% apr for the loan.
I was thinking the same thing lol
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.
It always seems like all of these videos are for people with a lot of money. Don’t get me wrong, I love you Mark Moss! But the matrix that we live in sucks for most of us!
It also implies you pay ZERO interest on the loans, which will never happen.
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.
Thanks Mark for what you do
🙏
Your Bitcoin price predictions don't follow its cycles. Look at the Power Law for better theoretical future prices. Please revisit this concept in a future video 👍