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Total US Debt is now $33.649 trillion. UP $58 billion in one day UP $604 billion in one month UP $20 billion every day UP $833 million every hour. At this rate US debt will be $41 trillion in one year. If you are planning to immigrate to USA 🇺🇸, stay where you are!
Latest RBI circular can have a direct impact on crypto: RBI has brought all entities facilitating cross border payment transactions for import and export of goods and services under its ambit and umbrella. Such entities shall be treated as Payment Aggregator-Cross Border will require a license to conduct their operations. Entities, including Authorized Dealer (AD) banks, PAs and PAs-CB, involved in processing / settlement of cross-border payment transactions for import and export of goods and services, shall comply with these instructions It can have a direct impact on crypto: - Reporting by crypto exchanges -Get license and be more compliant - Wallets: Custodial and Non custodial -DeFi ecosystem. The link to the circular is mentioned in comment section.
I fail to understand: Why people are desperate to permanently immigrate to USA🇺🇸? After settling down in USA, you give your valuable life to that country and its economy. Basically you help them earn more Dollars! The same dollar they use to fund War elsewhere. Think!
Inflation is at 400%. Future of people is at 0%.
Out of Top 25 defense companies of the world, 12 companies are from USA🇺🇸. Who is benefiting from War? The answer is simple!
In UK🇬🇧 as per the new law passed recently, crypto used for illegal purposes will be: -Seized - Converted into FIAT before court hearing begins. - In exceptional cases can be destroyed by sending them to burn address.
Fiat is a Titanic. Hyperinflation is Iceberg. Bitcoin is ...............................? Comment Your Opinion...
SEC is comfortable with Bitcoin as a commodity. - But you are waiting for the right time to buy! Bitcoin network transfer and settles $111 trillion worth of Bitcoin. - But you are waiting for the right time to buy! Bitcoin hash rate is at All time high making it impossible to attack. - But you are waiting for the right time to buy! 39 Public listed companies in USA are holding Bitcoin. - But you are waiting for the right time to buy! Microstrategy is in $750 million unrealized gains on Bitcoin investment. - But you are waiting for the right time to buy! Blackrock, Fidelity and several other fund managers have applied for an spot Bitcoin ETF. - But you are waiting for the right time to buy! USA debt is at an All Time High, US is spending roughly $2 Billion per day just on interest payment on debt. - But you are waiting for the right time to buy! Lightening network has seen a 1200% growth. - But you are waiting for the right time to buy! Nations are now involved in Bitcoin Mining Bhutan, El Salvador. - But you are waiting for the right time to buy! In 9 years world inflation rate has doubled. If you keep currency idle you will loose 50% of its purchasing power in 10 years. - But you are waiting for the right time to buy! Bitcoin corrected to $16K from an All time high of $69K. - But you are waiting for the right time to buy! Keep waiting...….Bitcoin is not waiting for you.
Donald Trump personally owns 1553 ETH. If he returns to power my guess Gensler will lose power. 😆
A huge milestone!! $100 trillion has been transferred on Bitcoin network. A slap on the face for those: Who doubt the use case of "Bitcoin Network".
Upcoming Bitcoin spot ETF decisions. Bloomberg Intelligence estimates a 90% chance approval by Jan 10
THIS IS A BIGGER NEWS THAN SPOT BITCOIN ETF: How accounts used to treat Bitcoin in 🇺🇸? Example: Company A bought Bitcoin for $25,000. The market crashed and value went to $15,000. The market recovered and current price is $30,000. But in Books of accounts the value of Bitcoin will be shown as $15,000 and not the current fair market value of $30,000. Basically a loss despite company being in profit. But from 01-01-2025: Companies will be allowed to show Bitcoin at present fair market value i.e $30,000 in the above example. Why this is a bigger news than Spot Bitcoin ETF? * Earlier companies were scared to Buy Bitcoin as the price correction would have hit the company earnings. This could have hit the stock price leading to negative sentiments among investors. * Now this practice is changed by FASB that means more and more companies will Buy Bitcoin and keep it on their balance sheet as they have seen the success of Tesla and MicroStrategy. This news will act as one of the biggest catalyst in mass adoption among financial institutions and corporates. Please do hit like Button if you feel that this is a bigger news than BlackRock Spot Bitcoin ETF Approval.
The sad part is that importance of Bitcoin will be understood by majority 90% when it will be out of reach. Right now it seems: Retail is going to be the late comers. Institutions are all diving in.
🇺🇸government themselves hold: 41,491 BTC But the senators are pushing for Bitcoin ban because it is used for terrorism financing as per them. I guess first they should sell their bag immediately before passing the law.
🇺🇸 Treasury Secretary is saying that AMERICA can "AFFORD" two wars - Israel & Ukraine. Fiat Standard = Never Ending War. Print Money & Wage War! Simple!
The biggest mood dampener is the monthly EMI that gets deducted from your salary. When loans are cheap and readily available everyone is "tempted" to take loan and buy things now! Everyone is desperate to satisfy that "urge" today! We all are slaves of a bank, because all your productive years goes into repaying that EMI. Now your EMI decides when you will get married, when you will have child and when you will start thinking about your self. Today, the debt is available on click of a button. Buy-Now-Pay-Later, Credit card loans, pre approved loans and what not! It is a "Debt-Trap" that very few understand. EMI takes away your happiness, we all live to pay our EMIs and then one fine day: We Die without giving notice! Keynesian economists believe that controlled Inflation is necessary for the economy to grow but that very same inflation today has made people believe: It will get costly tomorrow lets buy this today! And when they don't have money they opt for Debt and continue to Pay EMI throughout their life! Living an EMI free life needs practice just like running or swimming. It is not easy and you might lose interest as it needs lot of "patience" and "Investment Planning". Try to live an EMI-FREE life …easier said than done....but if you try...….It is worth the try!
When you have unlimited money or when you can print money at will then you engage in never-ending Wars. When you have limited money that cannot be produced at will then you the fight limited duration Battles. In Gold standard we had battles.....In Fiat standard we have wars! War is an outcome of excess printing of money by the one who holds the money printer of the world. Who owns the money printer of the world? The one whose money is treated as the world reserve currency. When you can print money at will then you can accumulate resources i.e men, equipment, modern weapons at lightening speed. And Those who don't agree to your terms or weaker than you will face your aggression in the form of war that is never ending and probably can last decades. Battles on the other hand were fought during the Gold Standrad when Kings had limited resources. If they decide to fight a battle then they had to accumulate resources by spending in the form of gold and silver. Gold and silver could not be produced overnight so they were very selective in choosing their battle. Battles were fought for a limited duration, as both had limited resources, battles were fought at a designated area (like a ground or a valley) without harming residents of the town or city. Kings in battle did not wanted to harm cities because they did not wanted to spend gold on reconstruction of the city from scratch. Obviously gold is limited and they did not wanted to spend money on their own mistakes. Battles were different from wars! Today, look at the defense budget of every nation, much more than the health and education budget. Every one is busy printing money to either engage in war or to protect themselves from war! The only ray of hope is that we all know "money printer" comes with an expiry date ( when no one knows) harder you use the printer sooner it will. Already debt at records levels.....We are sure that soon money printer will malfunction one day! Insane level of printing money is a "war against your own people." There will be a day when everyone will look for peaceful solutions that will force nations to: Selectively choose their battles NOT WAR!
Ferrari begins accepting Bitcoin for payments for its cars. 1 🏎️ = 16 BTC
When Spot ETF gets approved, you will see media hyping: - Elite interviews on BTC - Carbon-neutral bitcoin mining - Big firms' BTC on balance sheets - BTC as payments are widespread - Bitcoin is the best hedge against CBDC Time is ticking, stage is ready for next Bullrun
Most people believe that the only meaning of being rich is to be: ->Able to afford luxury brands ->Staying in luxury hotels ->Flaunting wealth in various ways This picture of being rich makes common man feel left out, it gives them a feeling that it is out of their reach and eventually most people do not even try to become rich. Without knowing what is the real meaning of rich? Simple meaning of being rich is the ability: To beat inflation consistently. Yes thats it! That is all a common man need to do to fall in the category of being rich. Our movies, music, society have portray a wrong meaning of being rich and successful. Once the society realises that it is simple to be rich by just making informed decision of investing in an asset that is limited in supply, censorship resistant, portable, divisible, verifiable. Things are just going to be ok for them. A common should not be afraid of being rich, its well within everyone reach because to be rich: Every year you need to beat inflation! Do not be afraid of being rich just correct the meaning of being rich in your mind. That’s it!
Cost of living is the biggest risk in 2 years time that can lead to world wide crisis as per World Economic Forum. They will keep telling you the risk but wont tell you the solution. But in 2008 someone had an idea of what is coming!
Phaver Cred welcomes two new @yugalabs projects on the request of the Phaver community 🚀 ⚡️️Connect your Otherdeed Expanded or Otherside Koda & start earning Phaver Cred today ⚡️ ️Keep Phavering 💜
In first 10 days of October-2023: A Wallet sleeping since 2012 moved 426 Bitcoin. A Wallet sleeping since 2013 moved 500 Bitcoin. A Wallet sleeping since 2014 moved 860 Bitcoin. Learning to HODL is requires patience and patience is rewarding in the long run.
You cannot create wealth in crypto by depending on someone else wisdom!! Consultations are ok! But you cannot have "Cltr+C and Ctrl+V" approach in your life. Everyone has a different temperament, Emotions and Risk appetite. Financial Influencers on social media are normal human beings and everyday they commit silly mistakes in managing their finance like you. Listen to them and filter information that you found important and then please verify. Satoshi mantra: Don't TRUST, VERIFY! Blindly following anyone for advice on social media in order to retire early can put you in deep trouble! In traditional finance there are many ways to check the information but in crypto their are very few options as on chain tools are evolving for masses to understand. So you need to put in more effort...….but I must tell you it is worth the EFFORT!