Introduction to The Bitcoin Adviser

The Bitcoin Adviser was established to provide expert guidance and secure custody solutions for Bitcoin investors. Originating from a background of managing over $1 billion in assets for multi-family offices, The Bitcoin Adviser has a rich history of safeguarding significant Bitcoin holdings. In 2023, the service expanded to make these high-level custody and estate planning services available to individual Bitcoin holders. The core mission is to help clients manage their Bitcoin securely through collaborative custody, ensuring their investments are protected for the long term without the risks associated with traditional exchanges. The Bitcoin Adviser does not provide financial advice on when to buy or sell Bitcoin but focuses on the security, estate planning, and long-term management of Bitcoin assets. For example, a client looking to secure their Bitcoin for future generations can use The Bitcoin Adviser’s multisig collaborative custody solution to ensure that their assets are accessible even in the event of unexpected circumstances, like the passing of the primary account holder.

Main Functions of The Bitcoin Adviser

  • Collaborative Custody

    Example Example

    A client wants to move their Bitcoin off an exchange and store it securely. The Bitcoin Adviser sets up a 2-of-3 multisig wallet where the client, The Bitcoin Adviser, and a custody provider each hold one key. This setup ensures that the Bitcoin can only be moved with the approval of at least two parties, significantly enhancing security.

    Example Scenario

    A client loses access to their Bitcoin wallet due to a lost key. The Bitcoin Adviser works with the custody provider to recover the funds using the remaining keys, ensuring the client does not lose their Bitcoin.

  • Estate Planning

    Example Example

    A high-net-worth individual is concerned about how their Bitcoin will be passed on to their heirs. The Bitcoin Adviser helps create an estate plan that includes a detailed protocol for accessing and transferring Bitcoin in the event of the client’s death.

    Example Scenario

    After the client’s passing, the executor of the estate contacts The Bitcoin Adviser, who then works with the custody provider to access the Bitcoin according to the estate plan, ensuring a smooth transfer to the beneficiaries.

  • Beneficiary Education

    Example Example

    The Bitcoin Adviser provides educational sessions to the family members of a client to ensure they understand how to access and manage the Bitcoin in the event of the client’s incapacity or death.

    Example Scenario

    The spouse of a client, unfamiliar with Bitcoin, is educated by The Bitcoin Adviser on the steps needed to manage the Bitcoin holdings. This proactive education helps prevent any confusion or stress during critical times.

Ideal Users of The Bitcoin Adviser Services

  • High-Net-Worth Individuals

    These users typically have significant assets and are looking for secure and reliable ways to manage their Bitcoin. They benefit from The Bitcoin Adviser’s collaborative custody solutions, which offer enhanced security and protection against risks like theft or loss of access. Estate planning services are particularly valuable to this group as they ensure that Bitcoin holdings can be seamlessly passed on to heirs.

  • Self-Managed Superannuation Fund (SMSF) Trustees

    SMSF trustees seeking to diversify their retirement portfolios with Bitcoin are ideal users. They require a custody solution that complies with regulatory requirements and provides security against the volatility and risks associated with Bitcoin. The Bitcoin Adviser’s services help these trustees manage their Bitcoin investments within their SMSF, ensuring compliance and secure, long-term storage.

How to Use The Bitcoin Adviser

  • Visit aichatonline.org

    Start by visiting aichatonline.org to access The Bitcoin Adviser. No login or ChatGPT Plus subscription is required for the free trial.

  • Review and Sign Agreements

    Review and digitally sign the necessary documents, such as The Bitcoin Advisory Agreement and the Acknowledgement Authority and Disclaimer. This formalizes your relationship and outlines the services offered.

  • Set Up Exchange and Bank Transfers

    Choose a Bitcoin exchange, set up your account, and initiate bank transfers, preferably using Telegraphic Transfers (TTs) for efficiency and security.

  • Establish and Test Multisig Vaults

    During a scheduled video call, set up your multisig vaults. Test these vaults by transferring small amounts of Bitcoin to ensure their security and functionality.

  • Complete Estate Plan Protocol

    Prepare and finalize your Estate Plan Protocol with the help of The Bitcoin Adviser, ensuring your Bitcoin assets are secured for future generations.

  • Education
  • Security
  • Wealth Management
  • Estate Planning
  • Custody

Q&A: Understanding The Bitcoin Adviser

  • What is the main purpose of The Bitcoin Adviser?

    The Bitcoin Adviser focuses on helping clients securely custody and manage their Bitcoin holdings. This includes setting up collaborative custody multisig wallets, estate planning, and educating beneficiaries on managing Bitcoin assets.

  • How does collaborative custody work?

    Collaborative custody involves a 2-of-3 multisig setup where The Bitcoin Adviser, the client, and a third-party custodian each hold one key. This ensures that no single entity can access the funds without the consent of another, providing enhanced security.

  • Can The Bitcoin Adviser help with estate planning?

    Yes, The Bitcoin Adviser offers estate planning services specifically tailored for Bitcoin holders. They help create an Estate Plan Protocol, which includes detailed instructions for accessing and transferring Bitcoin assets to beneficiaries.

  • Is my Bitcoin safe if The Bitcoin Adviser ceases to exist?

    Yes, your Bitcoin remains safe even if The Bitcoin Adviser ceases to exist. The multisig setup allows you to work directly with the remaining keyholders to recover your funds.

  • What fees does The Bitcoin Adviser charge?

    The Bitcoin Adviser charges a 1% annual fee, payable in monthly increments. This fee covers all services, including custody, estate planning, and ongoing support.