Mark Moss describes a Bitcoin-backed product that claims to turn $30,000 annual retirement income into $120,000, backed by 8x collateralization. He's targeting 250 million retirees worldwide seeking stable, high-yield returns.
If you think that Bitcoin is okay, I can jack your retirement income from $30,000 to $120,000 if you do this.
The perfect metaphor is a comfortable retirement. It's like you pick up the phone and call your dad and you say, hey dad, you have some capital in your 401. It was paying you $32,000 a year. You put in a stretch, it's going to pay you $125,000 a year. What's the risk? It looks like it's 8x overcollateralized, which is more than investment-grade companies offer you.
And if you look at in the developed world, we have 250 million retirees and they all want the yield with no volatility. So the TAM, the total addressable The social market is massive.
And so what's he offers, like happily ever after? It's Social Security. That's the product. For how many people? Like a billion? Everybody. Well, what do I have to do? Nothing.
