Billionaires are resource intensive - they value resources more than the majority of the population does. They’re frugal, always looking to buy more investments and less liabilities. Bitcoin is an investment - one that can return more than just the standard 8/12%, but rather returns that are completely unexpected - it’s either -15% or +100%. The possibilites outweigh the possible downsides by 6x. Bitcoin has performed positively year over year, with disregard for 2021 which is exactly why it’ll continue to skyrocket upwards and completely shift our expectations. Hypothetically, eberyone in the crypto community genuinely believes that bitcoin will go up which is the right mindset for a community to have and procure. If enough people know/believe that it’ll happen, it’s going to happen.
The question now becomes: are you willing to hold your bitcoin long enough to make the billionaires DEMAND it? When will the time come where the billionaires view it as the optimal, most efficient way of monetary movement? Who knows - all we do know is that the time is coming sooner or later.
Materialism isn’t the cure to all our unhappiness, it ratherly is the procurement of bitcoin. - A quote by me, a quote that contradicts the previous paragraph…
Regardless, here's a meme.
A few wealthy people have become famous supporters, investors, and participants in the cryptocurrency space. Many notable billionaires have publicly shared their investments in cryptocurrencies. Most of these investments are usually in Bitcoin, the first and most well-known cryptocurrency, to a variety of other digital assets such as ethereum, Solana, BNB, and Chainlink.
A few high-profile billionaires, such as Elon Musk and Michael Saylor, have publicly announced substantial Bitcoin holdings throughout their huge companies, Tesla and MicroStrategy. (respectively.)
Prominent billionaires like Mark Cuban had utilized his platform and fame to discuss and promote cryptocurrencies, particularly Bitcoin and Dogecoin by Elon. Musk's tweets, in particular, have been known to influence cryptocurrency markets by a ton, even doubling dogecoin at one point through a small partnership that (probably?) did not last. Billionaires' public thoughts about cryptocurrencies and financial markets such as stocks can have a drastic impact on market sentiment, leading to price fluctuations and increased demand, interest, and people in a given industry, market, or business.
Billionaires are involved in the cryptocurrency industry via venture capital investments in blockchain and crypto startups, think Kucoin, and COINBASE seed funding. Another way billionaires would demand crypto is for donations. A few billionaires have made genuinely charitable contributions in cryptocurrencies in order to support various causes. Cryptocurrency donations can offer transparency and a solid way to track them, potentially reducing friction in cross-border donations and a decrease in fraud. Not to mention how it might make it so that the people they're donating to don't have to pay percentage-based transaction fees with international and cross country banks and financial institutions.
It is ofcourse, important for us here today to remember that crypto changes so damn rapidly to the point where a billion dollar token can collapse to $0 overnight - that's a level of power that the majority of the crypto world don't even know they posess.. they just look to make a quick buck without fully thinking through their actions. There was an economic concept created not that long ago that displayed just how irrational and one sided consumers were. That effect had only been exaggerated the past few years due to the degeracy in the news and work environment.
P.S don't listen to statistics like these: They're not real. If they were, we'd be looking at the U.S government and not billionaires.
