He made only one mistake...
He should have used /DailyStack for an extra 1% off.
Bitcoin holder, 52. Bought 5 BTC for $35,000 in 2017.
Worth $400,000 today.
May arrives. His daughter's wedding is $90,000.
If he sells 2 BTC, he triggers $146,000 in capital gains. Pays $29,200 in tax.
Walks away with $130,800. Loses 40% of his stack forever.
Instead, he posts 3 of his 5 BTC as collateral and borrows $90,000.
Keeps every sat. Leaves 2 BTC free of any lien.
Pays $9,315 in interest over 12 months.
Wedding is paid for.
Stack still growing.
IRS gets $0.