BUYING
We are not brokers, but we have extensive knowledge of the major exchanges. Bitcoin Butlers can help you choose which exchange to buy on depending on the type of account, length of buying period and anticipated storage method.
We can help you through the process of setting up and funding your buying account.
We can also assist you with setting up recurring purchases if you prefer to dollar cost average (DCA) into your bitcoin.
STORAGE
Bitcoin is a digital bearer asset that requires a rigorous approach to secure storage. We will help you evaluate the many ways to move your bitcoin from the exchange where you bought it to a secure location.
Bitcoin custody and security is a complex topic that we have studied extensively. There are many different storage solutions that can work equally well, yet there are varying levels of personal responsibility and risk that go along with each of them. We will help you define your comfort level and design a storage plan accordingly
INHERITANCE
We believe that bitcoin is a multi-generational asset that should be treated as such. In addition to traditional estate planning, you should have an inheritance plan for your bitcoin. Due to the private nature of bitcoin, it is critical have a clear and secure plan that gives your heirs the ability to recover your bitcoin (and other digital assets) in the event of your death.
Bitcoin Butlers can assist with a digital asset inheritance plan that will complement your existing estate plan and provide peace of mind for your beneficiaries.
SELF-DIRECTED IRA
A self-directed IRA/LLC is a great way to hold bitcoin inside of a retirement account. We can assist you with the setup and funding of your self-directed IRA account and the formation of your LLC. Once that is complete, we will help you establish bank and exchange accounts. We can also assist with the buying and storage of your bitcoin.
HOW DID WE GET HERE?
Stepping into the world of Bitcoin can be quite overwhelming. It takes the investment of a relatively large amount of time to correctly understand it. You will not be able to really digest it in a matter of minutes or even several hours. In our opinion, it takes around 40 hours to gain a basic understanding and hundreds of hours more to start to understand it thoroughly on multiple levels. In our personal experience, we think that a minimum of 100 hours of study are needed to grasp Bitcoin in a meaningful way.
We started Bitcoin Butlers when we realized that despite being exposed to Bitcoin for almost a decade, investing in it several times throughout its existence, and having a background in finance and accounting, it was still confusing and difficult to comprehend. It was only when we invested hundreds of hours studying the economics, technical structure and security considerations of bitcoin ownership that we realized there are many others out there that are interested in Bitcoin but are not willing to dedicate the amount of time and effort required to understand it.
As we became more knowledgeable about Bitcoin, we came to realize that it is an asset that we wanted to keep within our families for many years to come. Our focus quickly turned to answering the question, “How do I acquire bitcoin and store it in a way that best protects my family now and in the future?” As we relentlessly researched and explored the available options, we learned the various pros and cons of the different ways to buy, store, and ensure that our heirs could recover our bitcoin should something happen to us. If we had someone guiding us along the way, we would have been up to speed faster, and we would have owned and securely stored bitcoin sooner. We decided to start Bitcoin Butlers to share our knowledge and expertise of the various components of Bitcoin.
There is a technical concept within Bitcoin known as “Proof of Work”. This is the idea that for the Bitcoin network to accept a transaction as valid, a bitcoin miner must expend a certain amount of electrical energy to complete the computations required to prove that the data is valid. There is an analogous dynamic when it comes to Bitcoin education. Sure, you can watch YouTube videos or read blog posts about Bitcoin, but those are somewhat superficial ways to study Bitcoin. To have true subject matter expertise, there is a much deeper level of study that must be completed. We have put in this time. We have consumed countless books, videos, articles, podcasts and have had discussions with some of the brightest minds in the space. We have completed the twelve-hour Saylor Academy course “Bitcoin for Everybody”. We run our own nodes on the Bitcoin network. These are just a few of the things we are doing to continuously expand our knowledge of Bitcoin. We are further committed to proving to our clients that we are true experts when it comes to planning around how to acquire, store and eventually pass along your bitcoin. This is our “Proof of Work”, and we appreciate the opportunity to leverage that knowledge to your benefit.
Meet Our Team
Are You Looking Dive Into Crypto?
BIOS
Michael C Watkins
Co-Founder
Michael graduated early from the University of Texas at Austin with a degree in Accounting. After briefly working for a large public accounting firm he quit to start his first entrepreneurial venture, a title company, at the age of 22. He is still the president of that title company, and over the years he has gone on to found other companies including an investment newsletter and a mobile software company.
Michael’s first exposure to Bitcoin was in 2012 when he tried to find a partner that wanted to mine it. After not being able to find any willing partners, he moved on to other things. He first acquired Bitcoin in 2015, but after misunderstanding it, he sold out in 2017. In 2021 he went “down the rabbit hole” and while he is a graduate of the Saylor Academy Course, PRDV151: Bitcoin for Everybody, he still dedicates about 100 hours a month to learning and keeping up with the rapidly changing landscape.
Matt Berke
Co-Founder
Matt received his BBA in Accounting from the University of Texas at Austin. After working in public accounting for a short time, Matt realized that he enjoyed the business and operations side of accounting and finance more than working for a CPA firm. Since taking on his first Controller role for a well-known Atlanta record producer at age 23, Matt has consistently progressed as a financial executive and entrepreneur for over 25 years. He has served as the Controller of a publicly held company, CFO of a successful apparel company, and for the past ten years has been a self-employed consultant providing CFO level services to small businesses. Matt also has extensive experience with Mergers & Acquisitions and has served as a manager of multiple private equity investment funds.
Matt’s first exposure to Bitcoin was around 2013, when Michael Watkins could not convince him to become a miner. It took until 2020 for him to understand it and realize the potential it has to change the nature of money as we know it. A graduate of the Saylor Academy course, “Bitcoin for Everybody”, Matt spends a lot of his free time researching, studying and analyzing the dynamic world of Bitcoin.