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CoinDesk Podcast Network

THE MINING POD: Wealth Optimization Strategies For Bitcoiners

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 23 July 2024

⏱️ 70 minutes

🧾️ Download transcript

Summary

How do you grow your Bitcoin stack and protect it? We explore with Bespoke.


Welcome back to The Mining Pod! Ever wonder what to do with your mining stock equity, Bitcoin or other assets so you don’t get hit with a huge tax burden, financial issue or other inconvenience in life? Enter Bespoke Group, a family office and advisory focused on problems Bitcoiners face. We talk with Bespoke about managing your stack in a responsible way, from startup equity to tax structures to trusts.


Timestamps:

00:00 Start

03:26 Matt's bio

04:09 Jack's bio

06:53 What is Bespoke?

14:38 Anon Bitcoiner that led to Bespoke

23:07 Convincing skeptical Bitcoiners

32:01 What's the pitch?

39:42 Stock option wealth planning

43:20 BTC income planning

56:00 Ordinals inheritance (no.. seriously)

1:00:47 What to do with gains?

1:05:33 Planning before the gains happen


Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 


👉 Check out Bitcoin Season 2 and The Gwart Show.

👉 Watch our newest documentary, The Big Empty!


Follow our host on Twitter, @wsfoxley.

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

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"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, welcome back to the mining pod. Today's show we're drawn by bespoke group.

0:03.7

They're a family office slash private advisory for high net worth individuals.

0:08.8

They mostly focus on figuring out how to preserve wealth for individuals through trust institutions or different allocations.

0:16.3

They really specialize in Bitcoin and have been so for the last, say, five to eight years.

0:22.7

This is really interesting coming from a Bitcoin mining perspective where it's like maybe

0:25.8

you work at a Bitcoin mining startup or maybe you want to figure out how to minimize taxation

0:31.8

and protect against inflation for what other wealth assets you have, especially as we go into

0:37.0

a bull market. Definitely stick around

0:38.6

for the entire show. We talked through a lot of different strategies, a lot of different people who

0:42.1

this could impact and ways to protect you holder of Bitcoin against government, to inflation,

0:49.1

to loss of life, etc. Thank you to bespoke for making this happen. Thank you also to Formin Mining

0:54.0

and Clean Spark

0:54.7

for being the lead sponsors from the mining pod. You'll hear advertisers for both these sponsors

0:58.7

later on during the show. Okay, let's jump into it. Hey listeners, let's talk about revolutionizing

1:05.0

your mining operation with Foreman. This isn't your average management tool. It's an all-in-one

1:09.7

solution for reducing costs and significantly boosting your revenue.

1:12.6

Foreman brings a cutting-edge dashboard to your fingertips, empowering you with automated energy strategies.

1:17.6

This means not only curtailing around real-time prices, but also strategically enhancing your profit margins through demand response.

1:23.6

It's about leveraging energy efficiency to its fullest potential.

1:26.6

With Foreman, you get a system that scales with your business, inventory management

1:30.9

for assets, infrastructure integration, and business intelligence.

1:34.6

Foreman elevates the cash flow and production of your entire operation.

...

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