Ok... so you are proclaiming that this hypothetical guy has come to a conclusion that he largely has enough bitcoin, so he does not necessarily need to continue to spend time accumulating bitcoin to the extent that you might be suggesting that up until now he had been accumulating bitcoin.
I would find it helpful to know how he got to such 92.6-ish BTC status and other parts about his personal factors - besides merely that he is changing his mindset in regards to how he thinks about his bitcoin, since I would have had considered that a guy does not just come to 92.6 BTC, and his mindset likely had already been changing little by little through the years.. and golly-gee whiz, there are quite a few different paths that the guy could have had taken to get to such 92.6 BTC, which many times would be relevant.. even though surely the mere fact that he 92.6 BTC does remain relevant in and of itself too, so I will grant you the relevancy of that part.
Well, I guess we could say that the entrepreneur's journey to accumulating over 92.6 BTC may have actually involved a variety of factors like, early adoption, of course consistent accumulation, strategic purchases like taking advantage of potential DIPs and other strategic approaches. The entrepreneur's personal factor may have likely included a very strong risk tolerance, financial discipline and a very deep knowledge of the market.
He may have eventually developed a long term perspective overtime, putting his focus more on the potential for Bitcoin's long term growth and adoption. And the more his portfolio grew, he had a shift in mindset from further accumulation to strategic wealth management, he began making financial stability a top priority as well as tax efficiency. Yeah, this mindset shift likely occured gradually as he advanced and gained more experience and confidence in his investment strategy and approach. This mindset shift I believe is a natural progression for those investors who have managed to achieve a significant position in cryptocurrency market.
The entrepreneur's decision to engage in a time based strategic withdrawal by selling 2% of his Bitcoin holdings quarterly shows just how committed he is to maintaining financial stability while also minimizing tax implications.
And by prioritizing his financial stability, by managing tax implications and maintaining his planned allocation, he's able to optimize his financial position, while simultaneously minimizing and mitigating unnecessary risks. His strategic bitcoin withdrawal strategy enables him to achieve his specific objectives and also ensuring that he's more prepared for the future.
I don't have any problems with any of those goals, even though I consider that it would be more stable to withdraw at some rate that is lower than a strict bitcoin amount, even though I do have some funds in two of my bitcoin accounts that have been being withdrawn at a steady rate since about early 2023, even though their value went up more than 4x since then.. but I have continued to allow them to be withdrawn at the same BTC rate.. and perhaps part of the reason that I had been allowing such is based on my having had used a 4% annualized withdrawal rate, even though I know that a 10% annualized withdraw rate would likely also be sustainable.. so even though I had not been reducing the allowance based on dollars, I had been ONLY allowing less than half of the amount that I consider to be sustainable. which also just means that the remaining (not withdrawn) value continues to compound upon itself for the possibility of higher future withdrawals if needed or even not needing to reduce the withdrawal rate, even if the BTC price were to go down 50% from here or maybe even 80% at some future time.
Your withdrawal approach is indeed thoughtful and strategic I must say. By withdrawing a fixed amount from your stash, you've allowed your withdrawal value the chance to increase as the price of Bitcoin rises. This approach provides a growing income stream, but that also means that if there's a decline in Bitcoin price, the value of your withdrawal may also drastically decrease over time.
Using a withdrawal rate, such as withdrawing 4% annualized can actually help to ensure that your holdings last over the long term. Your approach have been quite conservative by allowing less than half of what you've considered to be sustainable, as it can help to provide some kind of buffer against potential downturns in the market.