Bitcoin for Millennials
How to NEVER sell your Bitcoin - just borrow against it | Max Kei | BFM130
Feb 27, 2025
Max Kei, CEO of Debifi, dives into the fascinating world of Bitcoin-backed lending, drawing from over 15 years of finance and tech expertise. He discusses transforming Bitcoin into personal banking, contrasting ownership ideals between traditional banking and Bitcoin, and the evolution of Bitcoin as 'pristine collateral.' Max explains how to leverage Bitcoin without liquidating it, revealing the intricacies of collateralization and the landscape of regulatory challenges. The conversation also emphasizes the importance of nation-state adoption and the role of Bitcoin in the global economy.
01:16:06
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Quick takeaways
- Mastering self-custody is essential for Bitcoin users, as it offers long-term benefits of autonomy and financial freedom despite initial challenges.
- Bitcoin's high liquidity and programmability make it an attractive collateral for lending, facilitating secure loans without losing asset ownership.
Deep dives
The Challenge of Being Your Own Bank
Managing Bitcoin requires users to understand the intricacies of self-custody, which can initially seem daunting. The idea that Bitcoin enables individuals to be their own bank comes with the acknowledgment that this responsibility is not easy. Many potential users shy away from this challenge due to a lack of information and fear of losing access to their funds. However, advocates stress that once the basics are mastered, the long-term benefits of autonomy and financial freedom are significant.
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