X @Andy

Portfolio Management & Risk Mitigation - Rebalancing portfolios by "taking chips off the table" is crucial as portfolios grow, framing it as rebalancing rather than selling [2] - Cashing out to fiat is a valid strategy for diversifying asset holdings into stocks, gold, real estate, and land, while mitigating self-custody risks [1] - Reducing the mental stress associated with self-custodying a significant portion of net worth is a reason to cash out [1] On-Chain Economy & Crypto Industry Evolution - The on-chain economy is significantly more robust compared to 2021/22, offering easier access to yield earning, safe capital storage, and participation [1] - The true crypto industry win is never leaving the crypto ecosystem [2] Fiat Conversion & Asset Allocation - Cashing out to fiat is necessary for paying taxes and buying other assets to create a balanced portfolio [1]