Billionaire vs bitcoin, maybe this applies to a country that is at war, maybe Russian billionaires are starting to fear and start to be wary of their wealth being confiscated by other countries, such as Chelsea boss Abramovich, who suffered tremendous losses, and he was not allowed to manage the club again, maybe bitcoin will be a good repository for billionaires to hide their assets, so the state can't confiscate their wealth, because we know bitcoin is a very valuable asset, only we know about the assets we have.
Bitcoin will help them avoid punishment or unreasonable confiscation of assets, but the volatility of bitcoin will make them feel insecure about putting their assets in bitcoin. Not to mention the risk of putting all your eggs in one basket. Like us, bitcoin is good is the future but I am sure we will also split our money into different investments not just bitcoin. 
Topic: Billionaires and Bitcoin - page 2. (Read 333 times)
Well i can say bitcoin can save our money from any problems that might possible to happen in our country especially when it comes banks.
For example in Russia, their fiats are freeze because of sanction so now they are trying to bypass it using bitcoin. So surely it now a lifeboat to them despite of the situation..
For example in Russia, their fiats are freeze because of sanction so now they are trying to bypass it using bitcoin. So surely it now a lifeboat to them despite of the situation..
I believe you are referring to the recent sanctions of Russian billionaire Roman Abramovich because of Russian-Ukriane war. Bitcoin can be a life boat for them. If you are careful with your privacy, the government won't be able to track your bitcoins easily.
Well it's a two edge sword bitcoin on one hand provides you safety and privacy but on the other hand if you lose you bitcoin be it 1$ or billion dollar worth you can't recover it. So if you are moving your billion dollar worth investment on bitcoin blockchain then keep this thing in your mind.
Bitcoin till date is mostly used for asset storage. You still need to move to Fiat for your daily living.
There's a likely that when the situation even gets worse, they're going to use a way to hide all of their wealth and as much as they can save it from the sinking economy and to avoid the freezing if it's being held by a financial institution.
Well, these billionaires can also be tricky, they can just simply put their money into different assets like gold, real estate, bonds and other investments aside from bitcoin.
Well, these billionaires can also be tricky, they can just simply put their money into different assets like gold, real estate, bonds and other investments aside from bitcoin.
Let us put it this way, they won't reach their status if they don't know what they are doing.
They know better more than anyone how to manage their assets, with or without crisis.
Besides, they have other people taking care of their wealth.
So for me, they don't need advise from us because they know more than anyone how to secure their assets.
At this stage, if they are a billionaire, they already surpassed a lot of challenges along the way.
And they very well know where to put their assets in case of possible challenge in the horizon.
It's just so happen that we've got ideas that they might try to do even though they don't really need our ideas. Anyway, I'm very sure that if it's about hiding their wealth, they have mastered it already and likely they're aware of bitcoin's existence.
It is difficult to come up with a rational view on this, as they are all looking for their own arguments from every angle. If we support this, it will be unfair to those billionaires, and vice versa. This is really a big problem. It's political, national, and global. Soon we will see what the consequences of this action will be.
I do agree that this situation with the Russian Oligarch Sanctions from most parts of the world will definitely open up thoughts to other forms of investments especially Bitcoin Investment since sanctions on your country can affect you at no time even if you are not involved in Government, I imagine whet the ordinary Russian Citizens must be felling right now.
I think all cryptocurrency exchange never heard about what asking by United State government after Russia move transaction and have planning with cryptocurrency as legal currency payment when getting suspend by all nation country. I think look feedback and track record how many time United State get cases and make bad news with cryptocurrency and they try how to make crypto gone as legal transaction payment but now try to get help for all exchange market stopping and banned Russia member after invasion to Ukraine. Never give positive respond with United State offering with cryptocurrency and keep have the same service for all people around the worlds. If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?
If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
In the case of current war tensions, the government enforces impartial regulations for foreign billionaires who own assets in the country, it is an important note if you are a billionaire United States must find a solution to keep assets anonymized to prevent unilateral regulator decisions to freeze assets.If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
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Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.
Due to the impact of asset freezing, billionaires worldwide will analyze the use of assets not to violate government regulations, otherwise they have no choice but to get involved in Bitcoin.
It's the masses that should be afraid, not the billionaires. Most if not all billionaires have all the connections they need to survive and live their lives normally. The masses, however, are pretty much screwed if they got their financial freedoms revoked.
They likely knew something bad was going to happen with their wealth before it did. Everyone knew ever since the first day of the war that Russian billionaires would become a target of the West.
Bitcoin can save them, but if the West is so aggressive with the sanctions then more Bitcoin usage could backfire on us. They want the Russian billionaires to go broke, they do not want them to find an escape. So ultimately, they could take decisions that affect AND help us. Think of the exchange bans for Russian IPs. Sucks! But simultaneously, this is going to lead to more people looking for Decentralized Exchanges.
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Regards,
PrivacyG
Bitcoin can save them, but if the West is so aggressive with the sanctions then more Bitcoin usage could backfire on us. They want the Russian billionaires to go broke, they do not want them to find an escape. So ultimately, they could take decisions that affect AND help us. Think of the exchange bans for Russian IPs. Sucks! But simultaneously, this is going to lead to more people looking for Decentralized Exchanges.
-
Regards,
PrivacyG
I do agree that this situation with the Russian Oligarch Sanctions from most parts of the world will definitely open up thoughts to other forms of investments especially Bitcoin Investment since sanctions on your country can affect you at no time even if you are not involved in Government, I imagine whet the ordinary Russian Citizens must be felling right now.
If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?
Obviously, I can't imagine how crazy I would be if that happened, luckily I'm not one of them.If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
this is the same answer as point 1, fortunately I am not included in their category.Billionaires worldwide are fearful at the moment.
Maybe, you are right today's billionaires prefer to save their assets rather than take uncertain risks or withdraw all their assets before the bad risk occurs, maybe we realize they billionaires have more information that other residents don't know about Bitcoin developments to come, and they probably know what to do before it happens. 
I'm not a billionaire, so I'm not worried, but on this issue, I think you'll change your mind. We are standing in a different position and looking at their thoughts. I personally see that wealth is not the main issue when we see that life has more things to care about and it is just an ending to those.
If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?
If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.
If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.
I don't know what would worry me if I were a billionaire, what does worry me is that this was done without a trial, without following the rule of law. There is a component of arbitrariness and authoritarianism more typical of dictatorships in this that I am surprised not to see questioned by the western mass media.
To freeze their assets because they are Russian seems to many people to be fine or they don't care because they identify it with Putin, when the people in question may not have done anything wrong or even agree with Putin.
I don't see much difference with freezing your assets for being Jewish either, and this would be more outrageous, wouldn't it?
If you were a billionaire in the United States, how terrified would you be to see a foreign national's assets and bank accounts blocked for no reason of their own?
If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.
Is there a source that reports about this?If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
Billionaires worldwide are fearful at the moment. They can only be rescued from the sinking ship by Bitcoin lifeboats. The whole population is being saturated, including people who have never touched a drop of water in their lives.
I can't imagine that happening in my finances.
maybe Americans will be very tormented about this, unilateral decisions are indeed unfair, I also feel, about the assets of billionaires there are those who may be afraid that there are also those who have backups of both bitcoin and other digital assets that have surfaced financially. all issues and conditions because they fluctuate so naturally. I'm sure I will return and be good enough to save assets.
Billionaire vs bitcoin, maybe this applies to a country that is at war, maybe Russian billionaires are starting to fear and start to be wary of their wealth being confiscated by other countries, such as Chelsea boss Abramovich, who suffered tremendous losses, and he was not allowed to manage the club again, maybe bitcoin will be a good repository for billionaires to hide their assets, so the state can't confiscate their wealth, because we know bitcoin is a very valuable asset, only we know about the assets we have.
I'd be terrified for sure, and the initial plan of action is to disalign myself with countries or entities that I know that are quite unstable and would have the tendency to do some crazy things and take my assets to their downfall. Governments can easily seize your assets and funds if you're doing something sinister, but if you're doing everything by the book and does not appear to engage in any illicit or fraudulent activities to gain wealth, there is no reason for the government to freeze or seize your assets in any way.
Or you can keep some of your assets in bitcoin, but there isn't any guarantee your assets will remain the same value, but at least you control your assets fully.
Or you can keep some of your assets in bitcoin, but there isn't any guarantee your assets will remain the same value, but at least you control your assets fully.
If you were an American Billionaire, how terrified would you be to witness a *Foreign Billionaire* having their assets and bank accounts seized for no reason of their own?
That is an interesting question indeed. As a billionaire, you have to imagine their main focus is on maintaining their wealth, not accumulating it. That means they would have to balance the risk between having their funds lost without being insured, and having their funds confiscated by an unruly government. I'm betting a lot of billionaires are hiring people to setup self-custody systems that they feel comfortable with in order to avoid the risk of holding their funds on exchanges. I'm sure they've got their money spread around though. No billionaire puts all their eggs in one basket as they say. So while they are probably concerned about losing their funds, when you're that rich, how concerned can you really be? You just play both sides of the fence and let inflation keep you rich.
I'd be afraid as a Russian billionaire but not as a citizen of the EU or US. There are some countries that are moving towards total control and socialism and one of them is Canada. China of course is another example. The whole world hasn't gone nuts it's just some places that are getting harder and harder to live. Russia is an extreme case and if you were a Russian billionaire you had many years to run away from there. You either were an opposition like Khodorkovsky or supporting Putin like Abramovich.
There's a likely that when the situation even gets worse, they're going to use a way to hide all of their wealth and as much as they can save it from the sinking economy and to avoid the freezing if it's being held by a financial institution.
Well, these billionaires can also be tricky, they can just simply put their money into different assets like gold, real estate, bonds and other investments aside from bitcoin.
Well, these billionaires can also be tricky, they can just simply put their money into different assets like gold, real estate, bonds and other investments aside from bitcoin.
Let us put it this way, they won't reach their status if they don't know what they are doing.
They know better more than anyone how to manage their assets, with or without crisis.
Besides, they have other people taking care of their wealth.
So for me, they don't need advise from us because they know more than anyone how to secure their assets.
At this stage, if they are a billionaire, they already surpassed a lot of challenges along the way.
And they very well know where to put their assets in case of possible challenge in the horizon.
There's a likely that when the situation even gets worse, they're going to use a way to hide all of their wealth and as much as they can save it from the sinking economy and to avoid the freezing if it's being held by a financial institution.
Well, these billionaires can also be tricky, they can just simply put their money into different assets like gold, real estate, bonds and other investments aside from bitcoin.
Well, these billionaires can also be tricky, they can just simply put their money into different assets like gold, real estate, bonds and other investments aside from bitcoin.
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