In today’s update for financial advisors, Todd Bendell from Amphibian Capital discusses bitcoin yield products as a strategy for increasing bitcoin holdings beyond just price appreciation. Following that, Rich Rines, an initial Core DAO developer, offers advice to Bitcoin developers in the Ask an Expert section.

Financial advisors are invited to an exclusive event – Wealth Management Day on May 15th at Consensus Toronto, hosted by CoinDesk. Registered advisors will have their own day of networking and learning, gaining valuable insights about digital assets. Approved advisors will receive a complimentary 3-day Platinum Pass to Consensus. Apply now to secure your spot.

You’re currently reading Crypto for Advisors, a weekly newsletter by CoinDesk that unravels digital assets for financial advisors. Subscribe to receive it every Thursday.

The focus is shifting towards generating BTC-on-BTC yield for Bitcoin holders. Traditional methods of holding Bitcoin idly are being replaced by more institutional-grade strategies that aim to generate returns in Bitcoin, rather than just on Bitcoin. BTC-native yield opportunities offer various strategies, settled in BTC, to accumulate more Bitcoin over time without relying solely on price appreciation.

With evolving infrastructure, increased volatility, and growing institutional interest, Bitcoin is evolving. BTC-on-BTC yield offers a more productive strategy for Bitcoin holders, allowing them to accumulate more BTC without compromising their core principles.

In the Ask an Expert section, advice is provided on aligning early developer incentives with long-term protocol value, filtering for signal over noise, and utilizing lessons from Bitcoin’s design philosophy.

For further insights, check out CoinDesk’s Digital Assets Quarterly Report, read about Sweden’s exploration of using bitcoin as a reserve asset, and learn about the U.S. Department of Justice’s shift in crypto enforcement policies.