It sounds like a smart workaround - no taxable event, access to liquidity, and a death benefit on top. But here’s the thing:
If this is such a game-changing solution for Bitcoin holders, why does it feel like it’s being pitched like a late-night financial product?
Bitcoin was created to opt out of legacy finance - not to be wrapped back into it through opaque insurance structures.
It would be a good
workaround, as you said (although very risky), if the OPie were true and honest and not some troll as he is. As for the concept of BTC, one of the reasons indeed was to break out of this monetary system. But as you see, we have already been in the time that BTC is under their spell and appetite. KYC, AML, ETF, "dirty", "clean", whatever.