#Bitcoin is portable wealth,
You can "opt out" of any Government, and instantly take your net worth somewhere else.
You can't do it with real estate. Takes time to sell.
Stocks are faster, but moving large sums via banks doesn't work.
Imagine you move to Iceland. You open a bank account and try wiring 10 million in from a US account. Likely outcome: you will be flagged as a money launderer / criminal and the money will be blocked.
Try moving 10 million in gold. That's 240 pounds. Not exactly inconspicuous.
Bitcoin doesn't need to transfer. You can just use it, wherever you want.
That's something completely new. Something that has never existed before. One of the reasons why it will dominate all other assets.
Portable wealth. Think about it.
The Gi₿sy Dog From Snatch
npub1mu…5jne6
2024-12-27 09:56:28
Author Public Key
npub1mum62wpn8gz9zw4y3432wvp6k3rzsnmljtpfgy0ctzgq9rdp6trsz5jne6Published at
2024-12-27 09:56:28Event JSON
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"content": "#Bitcoin is portable wealth,\n\nYou can \"opt out\" of any Government, and instantly take your net worth somewhere else.\n\nYou can't do it with real estate. Takes time to sell.\nStocks are faster, but moving large sums via banks doesn't work.\n\nImagine you move to Iceland. You open a bank account and try wiring 10 million in from a US account. Likely outcome: you will be flagged as a money launderer / criminal and the money will be blocked. \n\nTry moving 10 million in gold. That's 240 pounds. Not exactly inconspicuous.\n\nBitcoin doesn't need to transfer. You can just use it, wherever you want.\n\nThat's something completely new. Something that has never existed before. One of the reasons why it will dominate all other assets.\n\nPortable wealth. Think about it.",
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