What if you could live off your Bitcoin wealth without ever selling it and do it completely tax-free? In this episode, we sit down with Danny Baer, Director of Wealth and Asset Management at Meanwhile, to explore what it looks like to build a financial institution fully denominated in Bitcoin. Not bolting Bitcoin onto a fiat product, but actually using Bitcoin as the currency.
Danny walks us through Meanwhile's whole life insurance product, how it generates real Bitcoin yield, and why it may be the most tax-efficient way to live off a Bitcoin stack over a lifetime. We cover the mechanics of policy loans, cost basis assignment, inheritance planning, and how Meanwhile is the only company in the world with externally audited financials stated in satoshis. We close out with a look at how advisors and CPAs are starting to engage with the product and why education is still the biggest hurdle.
Chapters
(00:00) - Introduction to Bitcoin and Wealth Management (01:52) - Danny's Journey into Bitcoin and Meanwhile (06:25) - The Evolution of Bitcoin Perception in Finance (10:23) - Generational Wealth Transfer and Bitcoin (14:00) - Meanwhile's Unique Bitcoin-Denominated Insurance Products (21:40) - Mechanics of Meanwhile's Insurance Policies (34:09) - Custody and Yield Generation in Bitcoin Insurance (40:45) - The Future of Bitcoin Insurance and Advisor Reception
Guest Links
Danny Baer, Director of Wealth and Asset Management at Meanwhile
X:
LinkedIn: https://www.linkedin.com/in/danny-baer1/
Meanwhile Website: https://meanwhile.bm/
Host Links
Jordan Guess:
X: / jordanguess
LinkedIn: https://www.linkedin.com/in/jordan-guess-cpa/
Website: bitment.co
Wyatt O'Rourke:
X: / wyattorourke_
Website: https://www.basilic.io/
Bitcoin for Financial Services Media Links
X: / bffs_media
Website: https://bffs.media/
YouTube: / @bffs_media
Check out our awesome show sponsors!
Basilic Financial: Your wealth deserves intention. Basilic Financial is a Bitcoin-focused wealth management firm that helps clients find balance between money and meaning. Basilic integrates sound-money strategies across four personalized services: financial planning, individual wealth management, retirement services for SMBs, and Bitcoin financial services. (Link: https://www.basilic.io/)
Bitment: Tired of messy CSVs and broken cost basis? Bitment is the first Bitcoin-native accounting platform for CPAs, advisors, miners, and serious investors, delivering clean Bitcoin bank statements, reliable cost tracking, full reporting, and seamless fiat integration through Plaid. Ditch the headaches with robust accounting for the hardest money on earth. (Link: https://www.bitment.co/)
Satoshi Pacioli: Run a Bitcoin business? Meet your full-service accounting and tax partner built for the Bitcoin economy. Satoshi Pacioli handles bookkeeping, financial reporting, tax compliance, and strategic planning for companies and individuals. Work with advisors who speak Bitcoin and keep you compliant while building long-term value. (Link: https://satoshipacioli.com/)
