Ken Van Vorhis
๐ค SpeakerAppearances Over Time
Podcast Appearances
But that has to be later on.
I got other things in my life that I want to clear up that I think could launch me farther in the next bull run.
And then I will never sell the Bitcoin that I accumulate in the next bull run.
That's my plan.
My plan is to just hold it until it gets institutional adoption.
And then I can just take loans against Bitcoin, just like a HELOC against a house.
And it's a lot more liquid and I don't have to worry about any control on it pretty much.
I've heard that there's two main options right now.
There's one company that will give you 40% LTV.
And then there's another company that will give you, like if you put up one Bitcoin as collateral, they'll give you another.
And so you can basically just like leverage yourself 2x on Bitcoin.
But I'm not entirely sure how that works.
I haven't explored it.
Oh, it's impossible.
I mean, I live in Orange County.
Average mortgage where I'm living right now is like $12,000 a month.
It's insane.
And the amount that you need down, I mean, even with an FHA loan, you still are going to need it, like $100,000 down minimum.
It's insane.
That's nuts.