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@ Joseph Voelbel
2025-05-25 21:36:32
I think abou this scene an unusual amount. How “getting out” translates in a bitcoin-as-money (or gold) type world.
How to generate an FU ability on an asset with no yield. How to “cash out” when cashing out may be the mistake… and I’ve landed on this:
BTC is the nest egg dont sell most of it. If the world is frothy in its valuation of BTC peel off a very modest amount and dump it into $STRF (or something similar).
Rake 10% in cash on that in perpetuity and repeat every bull cycle. Meanwhile continue to purchase BTC with earnings with target of closing the depleted gap.
Furthermore, I’ve decided against levering bitcoin for a cash loan because one, the rates suck and two, even if you can refi the loan in a year for twice the amount and use the new loan to repay the old loan yer still sitting on a 2X increase in amount owed and will have to find a way to generate the debt eventually (possibly in a bear), which means either with muscle or selling corn.
Lastly, to me it’s better to:
1. Moderately peel during top cycles (5-10%)
2. Generate passive perpetual fiat inflows (8-10%)
3. Continue to buy recurringly with every pay check and potentially make up the lost corn during the bear (20-45% draw downs)
4. At which point you’ll have the same or greater stack size and regular income to buffer against needing to sell in the future
💪🤷♂️💸💯🚀😤
https://m.primal.net/QxSK.mov