529: How to Get Yield from Bitcoin Safely

Bitcoin is definitely volatile. If you told me it was going to go down by 50 percent next year, I would hesitantly believe you. However, there is no way you can convince me that Bitcoin will not hit $500,000 at some point within the next five years. Think about what’s happening: ETFs are everywhere, treasury companies are holding Bitcoin, there are rumors of central banks buying it, and even an American Bitcoin reserve. It is an asset that will go up. But it may go down before that, and that is unnerving. You should not put money into Bitcoin unless you commit to not touching it for 5–10 years. But then you face another problem—Bitcoin is like gold. Unlike apartment buildings, there is no rent, no cashflow. Other coins like Ethereum and Solana have mechanisms called staking that allow for yield. Bitcoin does not. Its beauty is that there are not a lot of moving parts. It’s a vault of security, and that’s pretty much it. Again, just like gold. There have been companies like BlockFi and Celsius—which are, indeed, traditional finance companies—that lost people’s Bitcoin when they went insolvent. But now there may be a way to get yield from Bitcoin while keeping it in your custody. That’s what we talk about on this week’s Wealth Formula Podcast, in addition to covering recent news and making predictions about Bitcoin’s price. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at [email protected].  When you're time locking your Bitcoin, it's fully self custodial, so you're never giving up those keys at any point, and that's what's so critical. Welcome everybody. This is Buck Joffrey, the Wealth Formula podcast. Coming to you from Montecito, California today. Before we begin, I wanna remind you there is a website associated with this podcast. It is called wealth formula.com. Lots of resources there, including the opportunity to join our accredited investor club. Uh, take the opportunity if you, um, are, you know, if you do make over $300,000 per year and, um. And, uh, have a net worth over a million dollars outside of your personal residence to join the club. It's free to join and it basically just allows you to see deal flow. That's pretty much it. That deal flow is not seen outside of, uh, the network because, uh, it's private. Private placements you've probably heard of. Right? So anyway, go to wealth formula.com, sign up for investor Club today we're gonna talk. About Bitcoin. Again, I know a lot of you still probably are seeing on the sidelines with this lately. The, uh, the price of Bitcoin has been extremely volatile. Well, it's not volatile compared to what it historically has been, but it's been volatile. But listen, I will say this, um, if you told me Bitcoin was going down by 50% next year. I would hesitantly believe you. Okay. But there is no way that you can convince me that Bitcoin will not at some point be worth $500,000 per Bitcoin at some point within the next five years. I mean, that could happen in two years, and then you could end up coming back. To a hundred thousand dollars. But I, I'm, I'm convinced that it ends up there. I mean, think about what's happening. ETFs everywhere, treasury companies holding Bitcoin, rumors of central banks buying it. An American Bitcoin reserve is on the table. It's already exists. It's just are they gonna actively buy it or they just going to confiscate it and hold it. Um, now that being said, you know. The volatility is a real thing. And so what I,