Posted on 04/25/2021 11:45:04 PM PDT by nickcarraway
Biden does not even know where he is at.
In the meanwhile, Clemson QB Trevor Lawrence has signed an endorsement deal with cryptocurrency portfolio management app Blockfolio.
The interesting part?
He accepted his “signing bonus” exclusively in crypto, which is already worth more today than when it was deposited on Friday.
Either he’s really smart or really stupid.
The KC Cheifs Tight End Sean Culkin will receive his entire NFL salary 920k a year in Bitcoin. He is the 5th player to do this. So what we are seeing is mainstream adoption.
https://www.coindesk.com/chiefs-sean-culkin-convert-nfl-salary-bitcoin
He is very smart and gets it.
Unfortunately 99% of people do not get it. Even the so called, “experts”.
Bitcoin price year by year. Notice a pattern?
2021 - $53810
2020 - $7430
2019 - $5572
2018 - $8931
2017 - $1250
2016 - $455
2015 - $236
2014 - $492
2013 - $137
2012 - $5
2011 - $2
What is that saying about past performance is not indicative of future results.
Yup... That’s what the so called “experts” have been saying over the last 10 years.
So fun to see all these FR goofballs, having no clue about the nature of bitcoin, making predictions about its demise.
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Yes. You see them on this thread.
It used to be that people with no clue about crypto currencies used to refer to tulips.
Now they also mention beanie babies.
Totally valid point - about all investments. And few have had the rad swings of bitcoin.
But...I am parking a chunk of my liquid in bitcoin not to make a "killing" but to preserve what I already have.
I do not trust my government.
Banning Bitcoin won’t be near as easy as the government would like. The market will find a way. I believe right now the crypto market is valued over $1 trillion.
Some countries could gain by encouraging crypto in their economy and have a huge influx of money.
Most bubbles end up with the stupid and the greedy weeping.
Everybody assumes that Biden will get his capital gains tax increase. If he has to go through Congress — and I assume that he does — then this is pretty much dead-on-arrival. I don’t see it happening. So why the overreaction?
“but....but....but....THE US DOLLAR IS BACKED BY THE US MILITARY! WHAT IS BITCOIN BACKED BY?”
(sarc....)
good strategy
Like gold, Bitcoin is a commodity, not a currency. That is their first mistake, and it has property rights associated with it that it’s confiscation or ban would challenge on constitutional grounds.
And while that 40% tax is high, Bitcoin will still be a better investment than everything else that has that same 40% capital Gaines tax. And it is unlikely, I doubt it will pass into law. Starting at 40% I believe is just a negotiation tactic.
Higher? Perhaps but 40% would be a disaster. First to crash would be the housing market. And investment money would be leaving offshore faster than the mainstream media covers the puppet president’s incompetent senility !
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