Billionaire Ray Dalio used to be anti-bitcoin a few years before.  It is known to be said that there are many security issues in terms of regulation, in terms of the political tensions on Bitcoin from many nations. He is definitely now a Bitcoin supporter. He owns Bitcoin.

It is important to reflect:  We have always been told to save money, but wasn’t told that the rising cost/inflation would punch us right in the face. This whole earth stinks of greed. Cryptocurrency is the only solution.

With the US printing $3 trillion, inflation goes up, and the dollar becomes weaker. The trend is like cash is only for dummies.  It’s like the US dollar is rapidly becoming less and less valuable or something.  Even the wealthy are keeping their money in DeFi.

Some of them are like:  Inflation is the highest risk in front of us and for the world economy. And the prices of break new records each and every day. It is not something to be surprised about if it may even drag the world to a bottleneck, leading to a third world war.

Bitcoin is here to stay.  A market will always form and determine the value. Government can’t stop the market from determining the value of something, and this is why black markets exist.

Twitter handle Lili expressed:  Geoarbitrage (having multiple passports or residences, for favorable tax treatment, business treatment, security, and/or lifestyle) will be huge within the next decade. If you are a single-digit millionaire, you need to start considering this. Economy the sovereign individual:

 “Those with the earnings ability and capital to meet the competitive challenges of the information age will be able to locate anywhere and do business anywhere.  With the choice of domiciles, only the most patriotic or stupid will continue to reside in high-tax countries.

For this reason, it is to be expected that one or more nation-states will undertake covert action to subvert the appeal of transience.  Travel could be effectively discouraged by biological warfare, such as the outbreak of a deadly epidemic. This could not only discourage the desire to travel, but it could also give jurisdictions throughout the globe an excuse to seal their borders and limit immigration.”

Users who read this were like:  This is going to be a huge thing. With remote work, many are already relocating to low or no-tax states. Many more are moving to Puerto Rico and Singapore for zero income tax. This is will a massive trend going forward.

True. But eventually, governments with high Tax systems will fight this. They will implement VAT taxes in every single country. As a business, you will pay tax over the sales you make in each country. In the EU, they do this already. Things like this will be worldwide, I think.

Sensible thinkers have to state:  In the past, offshore was in Panama, the Cayman Islands, and Switzerland. Now your offshore is in your pocket or even in your brain (12 words passphrase). And, it does not only include your multi-currency savings account, but you are actually your own bank saved in your brain.