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Earn interest on it or take out a loan with it through BlockFi.com and other lending services.

• xiphias2 6y ago
  I was thinking about it for tax savings purposes (loan), but Bitcoin is getting so much valuable over time that it's not worth the custodial risk for me.
  • companyhen 6y ago
    I personally haven't done it either, but am considering a $5-10k loan just to try it out. The 6-8%~ isn't worth it for the custodial risk to me as well.
    • xiphias2 6y ago
      It sounds fun, but when Bitcoin's price drops, you have to add more BTC to keep the margin safety on Blockfy. You need to pay 10% interest for loaning against 50% of your BTC. Of course BTC's price probably won't go under $20k ever again, but in March when it went from $8k to $4k for half an hour, a lot of us were surprised.