Zac Townsend

@zt

62 Following

23 Followers

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The critical question isn't what Bitcoin will do this week, this month, or this next presidential administration but rather what its purchasing power will be this century. That's why we built Meanwhile -- to secure, protect, and defend (from taxes) Bitcoin for your legacy

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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

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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

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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/

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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.

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

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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

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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

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

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All sound interesting. Big year to unpack ;)

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What's on tap for us to read?

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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.

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

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