Okay, let's imagine all billionaires sell all their assets and buy Bitcoin, then what? The whole point of being a billionaire is to own business that keeps increasing their wealth. Bitcoin is obviously not a business, it's a volatile and speculative asset. I can only see billionaires using Bitcoin to hide a small portion of their wealth. But they already have offshore bank accounts for that.
and that's what happens to most billionaires and a lot of the businesses they run no longer use their names in some countries to avoid tax suspicions or state laws by borrowing a third person while saving it into bitcoin i'm sure it's only a fraction of their money unless they're a bear and cryptocurrency market whale 
Topic: Billionaires and Bitcoin - page 3. (Read 333 times)
That would be vaguely terrify for me if my accounts were froze overseas. Reminds me about wolf of wall street movie where Belford has to run for his life when he gets Call that Ant Anna is dead and his assets might be ceased if does not come by. Well that’s just one of the incidence.
So yes of course things can go wrong if such act is done on my accounts. If I got that much money then it’s coming from businesses which I have set up overseas and I’m paying their locals who will be on the job. If I get banned from the same country and government then sure I would be as pissed as hell fire.
So yes of course things can go wrong if such act is done on my accounts. If I got that much money then it’s coming from businesses which I have set up overseas and I’m paying their locals who will be on the job. If I get banned from the same country and government then sure I would be as pissed as hell fire.
Okay, let's imagine all billionaires sell all their assets and buy Bitcoin, then what? The whole point of being a billionaire is to own business that keeps increasing their wealth. Bitcoin is obviously not a business, it's a volatile and speculative asset. I can only see billionaires using Bitcoin to hide a small portion of their wealth. But they already have offshore bank accounts for that.
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.
It is a concerning matter that a person is getting penalized because of his government's mistake. The person is getting penalized for no mistake of his own. This is an inhumane act to be honest.
This kind of incidents actually give a bosst to the entire cryptocurrency narrative. More and more people will be able understand the necessity of having control over their own money. That's a great learning from Roman Abramovich's property freeze and I hope people will actually utilize this learning and keep at least a percentage of their wealth in bitcoin to keep their bills paid.
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.
This situation will open many people's eyes to the current banking system. Some Russian tourists buy cryptocurrencies to pay for services abroad because their cards are blocked.
Now the hunt for cryptoassets begins:
https://twitter.com/chainalysis/status/1501966648768708615?
Now the hunt for cryptoassets begins:
https://twitter.com/chainalysis/status/1501966648768708615?
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.
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