Zac Townsend

@zt

62 Following

22 Followers

Zac Townsend pfp

The price of BTC has gone down 6% in the last week but up 178% in the last year. Folks shouldn't even consider trading BTC daily. It is a long-term asset. Our policyHODLers get BTC life insurance for the very long term with all the safety, protection, and tax benefits of normal LI just entirely in Bitcoin

0 reply

0 recast

0 reaction

Zac Townsend pfp

Our insurance company works by taking in premiums, investing them along our own solvency capital, and getting steady, conservative returns in BTC. We've had no losses. We're launching a credit fund on top of that experience. https://www.theblock.co/post/266555/meanwhile-bitcoin-private-credit-fund-sam-altman-crypto

0 reply

0 recast

0 reaction

Zac Townsend pfp

Life insurance is the perfect vehicle to HODL BTC for inter generational wealth, that’s why we have raised $19M and built and launched the first life carrier entirely denominated in a digital asset https://www.coindesk.com/business/2023/06/06/bitcoin-denominated-life-insurance-provider-sets-up-shop-with-19m-funding/

0 reply

0 recast

1 reaction

Zac Townsend pfp

Once SVB is sold this weekend, I can finally write a blog post about their acquisition of my company and how I was highlighting this exact scenario ten years ago.

0 reply

0 recast

0 reaction

Zac Townsend pfp

If you're interested in learning more -- send me a direct cast or email me at [email protected]

0 reply

0 recast

0 reaction

Zac Townsend pfp

People are finding different use cases for this product. Here are a few: (1) Locking in the tax basis, borrowing against it in the future, and doing so tax-free. (2) Hedging away estate tax burden with a large amount of BTC. (3) Setting up a trust for beneficiaries to have estate tax free BTC exposure

1 reply

0 recast

0 reaction

Zac Townsend pfp

The policy is simple: the user pays ten equal installments (or upfront through a premium deposit account) and their beneficiary receives a fixed payout upon death. Users can take out a tax-free policy loan against the policy if they need. 2/4

1 reply

0 recast

0 reaction

Zac Townsend pfp

0 reply

0 recast

0 reaction

Zac Townsend pfp

For better or worse, Robinhood (despite a lot of complications)

0 reply

0 recast

0 reaction

Zac Townsend pfp

All sound interesting. Big year to unpack ;)

0 reply

0 recast

0 reaction

Zac Townsend pfp

What's on tap for us to read?

1 reply

0 recast

0 reaction

Zac Townsend pfp

I've had a long-standing idea to build a stablecoin that has a separate yield token, the majority of which is given out to folks for contributing to the community or developing the ecosystem. I find tether and circle so greedy, particularly given your 1.

0 reply

0 recast

0 reaction

Zac Townsend pfp

Always hard for me too...I find forcing myself to exercise is the thing that is most reliable for me, but I know YMMV

0 reply

0 recast

0 reaction