You could be forgiven if you believe the Microstrategy BTC accumulation strategy was only for rich people. After watching the above video, a Michael Saylor interview with the CEO of Family Office Association, I realized that not only was his strategy meant for everyone, but that I had been implementing it naturally myself for months now.
Saylor's strategy basically comes down to leveraging the future value of assets to buy bitcoin now. But he also runs a multimillion dollar company. So how do you, the poor schlop, implement what Saylor does in your own broke ass life?
First, take stock of what you have. Add it all up. You need a certain minimum amount to make this strategy worthwhile. Anything under $10k, you just need to buy bitcoin and hold. Especially if you have any sort of personal debts or serious responsibilities.
After you take stock of what you have, you need to see how you can leverage its present and future value. The easiest and safest way to do this is to convert all of your value into cash, buy a high flying NASDAQ stock, and sell deep in-the-money LEAPS on that holding. There are probably a lot of pleb Millennials doing this with Tesla. Here's how it works.
For every 100 shares of Tesla you own, you can sell 1 call option. A call option gives someone else the ability to "call" those shares away from you at or before the expiration date. If you want the most money now, you can sell LEAPS (long term equity anticipation securities) for a max of 2 years out for Tesla.
Before we continue, for Jake's sake, don't do this unless you know what the fuck I'm talking about and actually think this is a good strategy for you. This is just an example of how to leverage future value to accumulate bitcoin, dumbass.
Now then.
For instance, you sell a 2 year LEAP on 100 shares of Tesla with a strike price of $400. As I write this, Tesla is around $654. The LEAP sells for $356. Multiply that by your 100 shares, and you get $35,600 that you can spend right now. You also protect your downside on Tesla to $400. Even if the market tanks, as many analysts say it will at some point, you don't lose money on your Tesla stock until the price dips below $400. (You also don't get any money for price appreciation AT ALL, either. So understand what you're doing.)
So 100 shares of Tesla stock is worth $65,400. You basically earn 50% on your money right now guaranteed that you can use to buy bitcoin the very next day. If you believe that bitcoin will move up more than 50% over its current price before 2 years (it likely will), then that's a smart investment for you.
Going through stocks is the easiest way I can think of to get into bitcoin, and it's also advantageous because you don't have to hold cash.
You can also apply this example to anything you own, including labor. Can you ask for upfront payment for your labor, or, if you have an established service business, take out a funding loan on future receipts? Use that to buy your stock, then sell the call to get into bitcoin. Or just take the check from labor and go straight into bitcoin. I tend to like the stock then BTC option because it protects you from total loss, although you will have less to invest in BTC.
There is a growing market to tokenize your assets as well. I haven't researched it well enough to know where to go, but NFTs are bringing the ability to leverage any asset you own. Pokemon cards. Baseball cards. Real estate. Your motorcycle. The piece of the timeshare you own. The basic strategy of selling a call against future value works for all of these assets.
That's what Saylor did — albeit with a few more dollars than the average person has — and you can do the same thing.
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