I am curious to see if and how the community here manages their Bitcoin holdings. This post concerns mainly the investors, not holders.
I think the majority of you hold Bitcoin to benefit from asset appreciation. e.g. You buy at $10,000 and hope to double or triple in the shortest amount possible.
My question is if you found any ways to leverage your Bitcoin while you hold it?
examples:
- Taking a collateralized loan - Where would you invest this loan? A business, real estate, etc.
- Putting it into a interest account.
- Lending it.
Aren't holders long-term investors? Sure, it might be about a 2x or something like this goal, but with Bitcoin it can take a really long time, so it still counts as holding, I think. And IMO, every holder should have a realistic goal in mind, or otherwise one never benefits from the investment which doesn't make any sense. All the things you've mentioned are very risky, so I would not try any of those. Instead of an interest account, one could hodl a proof of stake currency. And with BTC volatility interest rate cannot be considered significant (Bitcoin can easily move 10% in a week, so why care about 10% in a year?).