the Strike line of credit may be my favorite thing we’ve ever built. it’s unbelievable. - it’s an open term loan. no origination fee, no early repaym...
the Strike line of credit may be my favorite thing we’ve ever built. it’s unbelievable.
- it’s an open term loan. no origination fee, no early repayment fee, and you only accrue interest on what you actually use
- it’s a payment method. i can withdraw cash from it instantly, i can pay bills with it, i can even stack sats with it
- because strike is effectively a bank, i also have my paychecks land there, and can configure my paychecks to pay down my line of credit
how do i live on bitcoin?
i have a bitcoin line of credit on Strike. i spend on credit cards, and pay my HOA, ComEd, credit card, and other bills with my line of credit. i also have small DCA going on the line of credit at these price levels. my paychecks come into strike and i configure it to pay down my line of credit and stack sats with the excess cash. i never have to sell my bitcoins and deal with tax triggers.
this also ensures my LTV is never dangerous. i don’t need to borrow a massive lump sum at once and risk a dip. my LTV for a line of credit is like less than 1% of my bitcoin.
a financial account from the future.
we start rolling it out externally next week. so excited
https://blossom.primal.net/4bae1ef8f0eb98a6bf8d85b17f86b8e643a53f5fafb0a3b67527de8cda14b217.jpg
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https://blossom.primal.net/d351b6af8453648221a64932c2c52f6d1a946f3ccda73df591c3eafdc915e558.jpg
https://blossom.primal.net/57ff97f763353503165fe44f8a4ec02430148a44f182ff5a2dd7296e20c9216c.jpg
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