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This Bitcoin Life Insurance Company Just Raised $40M vs Traditional Life Insurance SCAM
Protocol Pulse
32 minutes 1 second
3 months ago
This Bitcoin Life Insurance Company Just Raised $40M vs Traditional Life Insurance SCAM
Is traditional life insurance a scam? With the dollar's purchasing power plummeting, saving for the future in fiat currency feels like a losing game.
In this episode, we sit down with Zac Townsend, the co-founder and CEO of Meanwhile, the world's first life insurance company fully denominated in Bitcoin. Backed by Sam Altman and other Silicon Valley heavyweights, Meanwhile is a fully regulated entity in Bermuda, offering a simple, powerful financial tool to build intergenerational wealth on a Bitcoin standard.
Zac breaks down how their whole life policies work, allowing you to pay premiums and receive claims entirely in BTC. We dive into the massive tax advantages, like borrowing against your policy's value tax-free without triggering capital gains. Zac also explains how they generate safe, sustainable yield, contrasting their long-term, risk-averse model with the catastrophic failures of companies like BlockFi and Celsius.
If you're looking for a way to secure your family's future, manage your Bitcoin legacy, and legally sidestep capital gains tax, this is a must-watch conversation.
🔗 Check out Meanwhile: https://meanwhile.bm
⏰ Timestamps:00:00 - Meet the CEO of the World's First Bitcoin Life Insurance Company02:15 - Why Traditional Life Insurance is a "Ponzi Scheme"05:30 - How a Bitcoin Whole Life Policy Actually Works08:45 - The TAX-FREE Bitcoin Wealth Hack You Need to Know12:10 - Solving Bitcoin Inheritance & Custody Risk15:00 - How Meanwhile Generates Safe 3% Yield (And Avoids BlockFi's Mistakes)19:22 - The Vision: Banking the Unbanked on a Bitcoin Standard
#Bitcoin #LifeInsurance #Wealth #Crypto #Taxes #Meanwhile
Disclaimer: This video is for informational purposes only and is not financial or legal advice. Please consult with a professional before making any financial decisions.