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168 sats \ 1 reply \ @freetx 10h \ on: Are Some Whales Abandoning Self Custody? bitcoin
I would say the reasons why an OG would consider such things are:
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Inheritance. I know there are native bitcoin solutions, but its just so much easier and straight-forward when dealing with normal stocks. There are basically 100 years of laws and infrastructure to support this.
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BBD strategy. The mega-rich all use "Buy Borrow Die" strategy. That is you buy some asset when its very undervalued (ie. Amazon, MSFT, whatever)....and as it rises in price you borrow against it and live off the cash, never selling the original asset. Again, yes there are "bitcoin native" solutions but frankly they all kinda suck. The margin lending rates for stocks in much much lower than anything offered in bitcoin-land. I think even Robinhood offers something like 6% margin rates....which obviously means as long as 6% is less than the rate of appreciation of your asset, you can basically do this forever....
are you sure it's not 5 percent?
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