Chris Kline
๐ค SpeakerAppearances Over Time
Podcast Appearances
But I gave him that and I did the math because every time Steve outside of his IRA did it, he had to ante up 25 to 30% taxes on the capital gains.
So now the next time he went into the market, his purchasing power was 25 to 30% less.
so he if there was a hundred thousand dollars now he's only got seventy thousand dollars meanwhile john sitting his ira has still has the full hundred thousand because he didn't have a tax bill you take that across four or five years and you give him five or six trades the gap now even though steve feels great because he's like well i'm a genius i got into bitcoin and i i'm up to 25 million dollars john's over here smiling because he's at 45 50 million dollars just because he didn't have that drag capital gains
So with the solo case in particular, that's a great tool.
You can borrow up to 50% of the value.
So imagine, and we're starting to get this at Bitcoin IRA.
We're launching companion accounts next month.
What's that?
So many people are coming to us and saying, hey, I love the program, love the security, love the service.
I have a whole bunch of Bitcoin sitting either on a ledger device or...
I hate when I hear this still on a hot exchange like Coinbase or Kraken or something, and I'd like to put it inside the system.
Do you guys offer non IRA services?
And we've gotten more and more people asking for that.
So we've we've now built out.
So anytime you open an IRA with us, it's like ordering a Presidente Margarita.
You get a sidecar.
Now you've got the side companion, your non IRA account open and eligible for you.
what's really cool is we have partnered with um lending usa which is a group that we've worked with for years uh to allow folks with those companion accounts to borrow as and use your bitcoin as collateral which is i think there were two themes from the conference most of its financialization yield on bitcoin and other assets and uh the the financialization tool to use my holdings to get more money so i can go make real estate investments other asset investments whatever it might be leverage the power of my smart decisions
It's the same tool that people use with trust accounts, too.
If you look at any of the uber wealthy that are out there, they never have income.