So the journey of "never sell your bitcoin" continues. Working with a new bank who told me they could work a deal with an asset backed mortgage. In fact, all they want me to do is literally convert the bitcoin to USD for the exact amount of the mortgage which is stupid. I've gotten many great hot takes from the broker...
"Bitcoin is just too opaque for us"
Sir, it's literally a public ledger.
"Wow you've done really well with bitcoin, you should sell it"
No
"You know i'm really concerned about quantum computing and bitcoin"
Your bank will be out of business too if quantum computing cracks SHA256 tomorrow. Everything is done. All electronic systems will be compromised. Banking, infrastructure, agriculture, transportation, etc...
"You know it's funny i had a guy in 2020 with $27m of bitcoin. I should have bought some then."
Do you have any now?
"No, i'm more of a trader. I stick to what i know."
"What if some billionaire dies and he loses his bitcoin?"
That's a gift to all holders. Circulating supply reduces.
"🦗"
So yea, "never sell your bitcoin" is still a fantasy for plebs.
