The speaker suggests avoiding trading Bitcoin in a taxable account due to a 30-50% tax implication on buying and selling. He says that the main focus should be on spending, not selling, and warns that waiting for a price dip after selling could result in missing out if the price rises. Two fundamental Bitcoin products are identified: borrowing through collateral loans and enhanced Bitcoin returns through call options. Predictions include a borrowing increase and lending against Bitcoin becoming significant. As an example, a strategy is provided, if you have 10 Bitcoin, to borrow two Bitcoin's worth against the 10 Bitcoin, using that to buy call options expecting them to outperform the initial asset. If call options are implemented right, Bitcoin can be outperformed by 30% to 40%. A cautionary note follows where if Bitcoin is flat for two years, the call options strategy will cause a 20% loss. The speaker also expects a 3.75% interest rate which might drop further in January to approximately 3.25%. Shorting 10-year notes with a positive yield curve can lead to a 2% loss.