the Strike line of credit may be my favorite thing we’ve ever built. it’s unbelievable.

- it’s an open term loan. no origination fee, no early repayment fee, and you only accrue interest on what you actually use

- it’s a payment method. i can withdraw cash from it instantly, i can pay bills with it, i can even stack sats with it

- because strike is effectively a bank, i also have my paychecks land there, and can configure my paychecks to pay down my line of credit

how do i live on bitcoin?

i have a bitcoin line of credit on Strike. i spend on credit cards, and pay my HOA, ComEd, credit card, and other bills with my line of credit. i also have small DCA going on the line of credit at these price levels. my paychecks come into strike and i configure it to pay down my line of credit and stack sats with the excess cash. i never have to sell my bitcoins and deal with tax triggers.

this also ensures my LTV is never dangerous. i don’t need to borrow a massive lump sum at once and risk a dip. my LTV for a line of credit is like less than 1% of my bitcoin.

a financial account from the future.

we start rolling it out externally next week. so excited