Cook the bacon in a large stockpot over medium-high heat until crispy, about five minutes. Using a slotted spoon, remove the bacon to paper towels to drain then crumble into small pieces. Remove all but 2 tablespoons of the bacon drippings from the pot, add 4 tablespoons of butter, and melt over medium heat. Add the onion and red pepper flake and sauté, stirring occasionally, until the onion is soft and translucent, about 5 minutes.