Greatest wealth transfer in human history is happening and you are all in the midst of it. (Credits in the end)
A small thread 🧵 👇
So let's talk about generations based on their birth years for a second. Baby boomers are the wealthiest of all generations and they're gonna retire & transfer wealth.
Gen Z (1995-2015)
Millennial (1980-1994)
Gen X (1965-1979)
Boomer (1944-1964)
Assuming $500 trillion as total global wealth, USA 🇺🇸 holds about 13.6% of global wealth, which is $68 trillion.
For this thread we are only considering just US population, even though the world is large enough to hold 191 other countries with massive population living outside.
If you’re worried about the #Bitcoin network energy usage, here are some facts to lean on…
Factually it uses <1% of global energy.
As per the BlockCap report it uses much lesser than 1% of global energy, yet serving as the decentralized digital alternative to an inflationary & central banking based financial system.
Comparing national energy consumption to #Bitcoin network, the kind of energy it consumes is important to take into consideration…
Excess energy from hydro power, natural gas flares, geothermal energy. More energy is wasted in transmission losses than what’s used by Bitcoin.
Just because some college dropout started a multi trillion dollar software business, doesn’t mean he’s a physician, virologist, scientist or a doctor. Stop taking dumb advices from wealthy phonies 🤷♂️🤷♀️🤷
CNN lies. No wonder it’s losing its viewership big time 🤷♂️