đ Build Your Bitcoin Flywheel for Individual Wealth Accumulation đ
Inspired by Michael Saylor (@Saylor) and MicroStrategy ($MSTR), here's a simple 3-step model to accumulate wealth with Bitcoin. Letâs break it down:
đĽ Step 1: Buy and HODL Bitcoin in Cold Storage
đš Use trusted exchanges like @krakenfx to buy Bitcoin.
đš Transfer to a sovereign self-custody wallet like @Trezor (go to trezor.io for options).
đš Golden Rule: Your Bitcoin stack should only grow, never shrink!
đŤ Avoid đŠ coins â donât become exit liquidity for others.
đĽ Step 2: Maximize Bitcoin Exposure in Retirement Accounts
đš For 401(k) rollovers or brokerage accounts, invest in a Bitcoin ETF like:
âď¸ Greyscale Bitcoin Mini Trust ETF
đ Charges just 0.15% annually.
đĽ Step 3: Leverage Bitcoin via $MSTR
đš Buy MicroStrategy ($MSTR) shares to gain leveraged exposure to Bitcoin.
đź $MSTR acts as a corporate proxy for Bitcoinâs growth and volatility.
đ Key Takeaways
â
Self-custody your Bitcoin for ultimate security.
â
Use ETFs for accounts without custody options.
â
Leverage Bitcoin indirectly through $MSTR for exponential growth.
đĄ Follow these steps to build wealth over time, leveraging Bitcoinâs flywheel like a pro. Let's go #HODL and make it happen! đ
#Bitcoin #BTC #Wealth