How to extract Tax-Free Loans from your Bitcoin using LEDN (without selling your Bitcoin) 🪙💸💸💸💸

I will detail the pros and cons of Bitcoin-backed loans from https://www.ledn.io/ vs simply selling your BTC. Not my words. I am not advocating this for Bitcoin holders. Just posting as info so people know what is out there. I would suspect more competing companies will appear in the next few years with better options. Here's what's out there, shop around: https://bitcoinmagazine.com/guides/best-bitcoin-backed-loans

BTC Loan from LEDN:
1) You are not selling your Bitcoin, and you can reclaim it once the loan/interest is paid back.
2) You must deposit double the value that you want to borrow. Depositing $1k worth of BTC will get you a $500 loan with 12.4% annual interest. You would need to pay back $562 to get your $1k worth of BTC back. There are other companies that will do loans for less interest, 12.4% is pretty high for a 1 year loan. Shop around. LEDN says their interest rate is high because they do not lend out your BTC to make additional profit.
3) Loans are not a taxable event. Tax-free money is a great thing.
4) If you think BTC will continue rising in value, you can use the loan to buy more BTC and sell a portion of it (or loan it again) at some point to pay off your loan and stack more and more BTC.
5) Take out an insurance policy on any Bitcoin lent for a loan, in case the company goes under and takes your BTC. This insurance cost will add additional cost, but we have seen Crypto loan companies go under over the years, so may be a wise thing to do.

Selling your BTC:
1) It's gone forever and it's very likely you will never be able to buy it back at the same price, or less, than what you sold it for.
2) Selling BTC is a taxable event. You must pay 20% Capitol Gains Taxes on profits over the price you bought it for.
3) If you sell, you get the full price of that BTC (minus fees). You would need to weigh the cost/benefit of this over loaning it.

LEDN can be a way to buy more Bitcoin and forever increase your stash as an "infinite money glitch" method. If you believe Bitcoin will rise in value forever, then loaning your BTC for cash, using that cash to buy more Bitcoin, and repeat the loan when Bitcoin rises in value, can be a method, but not without risk. Mark Moss on YouTube preaches this method as a way to increase your Bitcoin holdings indefinitely.

Original Video by Aaron Bennett: https://www.youtube.com/watch?v=7hMeOuV7ePc

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