#Bitcoin is more than just profits to me

I'm supporting something that will improve the world

Even if it goes to zero, I'll know that I stood for a noble cause

But I don't think it will

Bitcoin is the solution to the biggest problem we have today:

(THREAD 👇 save for later) The problem:

Our savings are stolen from us by governments and used to steer the world in the direction of their choice.

They print/borrow money and devalue everything that's saved in bank accounts or cash.

Most of their actions are taken to have more control over us.

UNPOPULAR OPINION:

The US Dollar financial system is a PONZI SCHEME.

Heres why:

(THREAD 👇 SHARE THIS POST) The United States is currently in debt to investors and other governments for a total of ALMOST 35TRILLION DOLLARS.

At the same time, you are never taught how to buy assets and exit the US Dollar system.

This is NOT a coincidence.

Banks make BILLIONS each year from people who don't understand how credit cards work.

Stop letting them take advantage of you.

Here's a breakdown of how credit cards work:

(THREAD 👇 bookmark this for later!) When you use a credit card, you're borrowing money from the lender.

You NEED TO PAY IT BACK. It's NOT free money.

Late payments hurt your credit score.

If you don't want your kids to be broke when they're older,

teach them these 11 important lessons ASAP:

(Thread 👇 bookmark for later) 1) Cheap vs. Frugal:

Cheap: focus on price.

Frugal: focus on value.

Waiting to find deals on high-quality goods is better than buying low-quality goods impulsively.

Budgeting helps with this.

Your cost of living will rise FOREVER,

and it's NOT because of capitalism.

The financial system is intentionally designed this way;

inflation is a FEATURE, not a BUG.

Let me explain:

(THREAD 👇) Capitalism: An economic and political system in which a country's trade and industry are controlled by private owners for profit.

Capitalism is just a way to distribute resources.

I've gotten lots of DMs from people who want to know what's happening to Gamestop.

Let me explain the situation in easy-to-understand terms:

(THREAD 👇) Let's start with some background info:

Short selling: when investors try to benefit from the downside of a stock.

When you short a stock, you borrow shares from current holders and sell them to someone else.

Your goal is to buy back when the price goes down.

#Bitcoin is the biggest wealth transfer in the history of the world.

Let me explain:

(THREAD OF THREADS 👇)

https://twitter.com/BrittaniWarrick/status/1453571735479930881

Let me start with saying:

You work your entire life for something that can be printed at will.

Your money is made out of thin air while you have to work for it.

This means the cost of living will rise forever. 👇

https://twitter.com/rajatsonifnance/status/1789049272723534058?t=8oTll3Nqjrgzoy9hK4eqAA&s=19

The rich get richer because

they have figured out that US Dollars are FAKE money.

Let me explain: Money is an idea that humans came up with to represent value and improve commerce.

If we didn't have money, we wouldn't be able to easily price goods and services, and would have to resort to barter (direct exchange of goods).

Understand this now or regret it forever:

If you save $1M in a bank account, you'll still have $1M 30 years from now, but you'll be able to buy A LOT less with it

Why?

Let me explain:

(THREAD 👇) I'll start by giving you an example:

In July 2022, Google split its stock 20:1

A stock split works by replacing each PREVIOUSLY HELD share of ownership with NEW SHARES

If you had 20 Google shares in June 2022, in July 2022 you got an additional 380

99.99% of people don't understand why recessions happen.

Here's what you need to know: Let's start from the absolute basics.

In almost all countries around the world, banks take deposits from customers.

When you make a deposit at a bank, the bank offers you interest as an incentive for keeping your money deposited.

Another US regional bank collapsed on Friday.

Let me explain what happened:

(THREAD 👇) Let's start with some background info:

Before March 26, 2020, the US financial system was based on fractional reserve banking.

Fractional reserve banking is a system that allows banks to only keep a certain portion of client deposits.

Canada is attempting to raise capital gains taxes.

I've said this multiple times:

Taxes will rise. Stock and real estate investors will be left holding the bag.

The Canadian government is giving you more reasons to own #Bitcoin   .

Let me explain:

(THREAD 👇) Capital gains taxes are a tax on the profits from an investment.

Eg. You buy a stock for $100, you sell for $200, and your capital gain is $100.

You're not against capitalism.

You're against fiat currencies.

Let me explain:

(THREAD 👇) Capitalism: An economic and political system in which a country's trade and industry are controlled by private owners for profit.

Capitalism is just a way to distribute resources.

#Bitcoin is more than just profits to me.

I'm supporting something that will improve the world.

Even if it goes to zero, I'll know that I stood for a noble cause.

But I don't think it will.

Bitcoin is the solution to the biggest problem we have today:

(THREAD 👇) The problem:

Our savings are stolen from us by governments and used to steer the world in the direction of their choice.

They print/borrow money and devalue everything that's saved in bank accounts or cash.

Most of their actions are taken to have more control over us.

AI just replaced Microsoft Excel forever…

No more formulas, functions, and complex numbers.

Here’s the AI version of Excel, aka Excel on steroids:

(THREAD 👇)

(Bookmark to use later) Numerous AI / @NumerousAI lets you prompt ChatGPT in Excel and Google Sheets.

Use Numerous to prompt ChatGPT for writing, researching, translating, rewriting, and more.

numerous.ai

#Bitcoin will eventually trade for
• 100,000 USD
• 1,000,000 USD
• 10,000,000 USD
• 100,000,000 USD

etc.

Here's how it will happen:

(THREAD 👇) US dollars are the global reserve currency and are well recognized as money anywhere in the world.

You can buy anything of value with #Bitcoin because you can use Bitcoin to buy US dollars

On a #Bitcoin standard we would see true abundance.

Here's how:

(THREAD 👇) #Bitcoin is a form of money that will create abundance by being scarce.

When money is scarce, everything else becomes abundant, because more labor is focused on the production of goods and services.

Here's the simplest financial path that almost anyone can follow (including #Bitcoin-ers):

(Do your own research, not financial advice; adjust according to your specific needs).

(THREAD 👇) 1) Start a budget and track expenses:

Budgeting is so powerful because it helps you figure out where your money is going.

Keep in mind you don't need to do it forever. Budget until you figure out your average monthly expenses.

I only tracked my expenses for a few months.

Misunderstanding UTXOs will lead to problems with spending your #Bitcoin    in the future.

Transaction fees are low - consolidate your UTXOs!

UTXO management for beginners:

(THREAD 👇) #BTC    is the currency issued by the #Bitcoin    network.

Every time you receive BTC, you receive a small bundle of "satoshis" (1 Bitcoin = 100,000,000 Satoshis).

Each bundle of coins you receive is called a Unspent Transaction Output (UTXO).

If you don't want your kids to be broke,

teach them these important money lessons:

(Thread 👇) 1) Cheap vs Frugal:

Cheap: focus on price

Frugal: focus on value

You're not against capitalism.

You're against fiat currencies.

Let me explain:

(THREAD 👇) Capitalism: An economic and political system in which a country's trade and industry are controlled by private owners for profit.

Capitalism is just a way to distribute resources.