XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡's avatar
XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡
XeqTMonetaryFreedom@BitcoinNostr.com
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The closing price of Bitcoin 10 years ago on Valentine's Day was $257.32. Were the flowers, chocolates, and dinner you bought back then worth $98,500? If that lady is still with you and still brings you peace and joy, I’d say they were.
The UK national debt stands at a staggering £2.72 trillion, with annual interest payments of £71.06 billion. That means the average interest rate on the debt is ~2.61%. Given the Debt/GDP ratio of 126.41% and an interest rate of 2.61%, this debt is growing organically by 3.30% each year. For all of 2024, the UK economy grew 0.8%. Is the UK's debt sustainable? I'll let you be the judge of that. image
The US national debt stands at a staggering $36.47 trillion, with annual interest payments of $1.08 trillion. That means the average interest rate on the debt is ~2.97%. Given the Debt/GDP ratio of 122.92% and an interest rate of 2.97%, this debt is growing organically by 3.65% each year. For all of 2024, the economy grew 2.5%, down from 3.2% in 2023. image
Some people use debt to purchase liabilities and enslave themselves in the process. Other people use debt to buy assets that grow in purchasing power much, MUCH more than the interest on the debt—helping them achieve financial freedom. Debt is just a tool, and it all depends on how you use it.
Today, a guy at the gym whom I often spar with told me he's going to see properties tomorrow. He said he wants to get on the property ladder. I told him that's cool and wished him good luck. I didn’t mention Bitcoin or trash real estate. I’m not trying to be that obnoxious Bitcoiner. At the end of the day, I don't know people's motivations for why they want to buy a property and I'd rather not assume. But if he ever asks for my opinion, I’m happy to help.
It's not enough to just save in Bitcoin. You need to understand what it is that you're saving in. Without having a good understanding of Bitcoin, you can't build the conviction required to save in and hold for a minimum of 4 years.
Here's the harsh truth about Bitcoin. We like to say and believe that it's for everyone, but it's not. Bitcoin is for net-producing individuals and businesses. If you are spending more than you're making, Bitcoin is not for you. Fix your fiscal & financial situation, before dreaming about benefiting from Bitcoin's gains.
Bitcoin will literally overtake gold’s market cap, and critics will still call it a scam. Stop wasting your time on these kinds of people. Remember what Satoshi said: “If you don’t believe me or don’t get it, I don’t have time to try to convince you. Sorry.”