Qatar is the world's third largest gas exporter. Australia is the 2nd. They have no income tax.
Australia is also number one in, Coal, Iron Ore, Bauxite and Lithium.
Yet... We have a domestic gas shortage and are one of the most highly taxed countries on earth 🤨
I'm German.
16 years ago, the EU and US economies were neck and neck.
Today, the US economy is 50% larger than the entire EU combined.
Here's the devastating truth behind Europe's ongoing economic suicide 🧵:
I’m British.
I recently spent 10 days in the USA for business.
And discovered the ocean between us isn't water.
It's mindset.
7 uncomfortable truths about US v UK culture:
While we talk about Jay-Z raping a 13 year old, let’s also talk about how the guy that was just elected for president also raped a 13 year old with Epstein. Trump also trafficked children as well… oh wait, I forgot that Trump is white so no one will talk about all that.
“It became very clear this woman did not have policies, a plan, a message, or any charm for voters to connect to…”
@megynkelly on the real reasons Kamala lost and Trump won, despite the establishment working against him.
Watch below, and download:
podcasts.apple.com/us/podcast/the…
How high can Bitcoin go?
Most people can't handle the answer to this question.
Right now it's the 8th most valuable asset in the world.
It's market cap is comparable to Google, Amazon, and Saudi Aramco.
But Bitcoin has vastly higher upside than those companies.
Investors are slowly realizing that Bitcoin is on a path to matching, and then surpassing gold's market cap.
That's a 14x from here.
~$875K per coin.
But even that is just the beginning.
How many people do you know that use Gold as a primary store of value?
Most value is stored in equity indexes, bonds, and real estate.
There's roughly:
- $115 Trillion in equities
- $380 Trillion in real estate
- $140 Trillion in fixed income
= $635 Trillion in "wealth" stored in assets that are all inferior to Bitcoin in some crucial way.
Equities can be endlessly diluted, rely on business execution, have competitive risk, regulatory risk, trust-busting risk, jurisdictional risk, key man risk, etc.
Real estate has maintenance costs, property taxes, physical risk of deterioration or complete loss, insurance costs, etc.
Debt instruments have default risk, currency risk, and no fixed supply.
Bitcoin is comparatively simple:
- Fixed supply
- Known issuance schedule
- Neutral. Not tied to any single country's future
- Can be held indefinitely at zero cost
So instead of comparing Bitcoin to individual equities or gold...
We should be asking what percentage of the $635 Trillion of wealth it can eat.
A modest 10%?
That's $3,256,410 per coin in today's money.
But then the question is - what will the remaining bond, equity, and real estate holders do when Bitcoin is sitting at $63 Trillion market cap and has had 3,200% gains since hitting $100K?
Keep in mind there's no theoretical upper limit for Bitcoin valuation.
Unlike a business that's anchored by its revenue, Bitcoin doesn't become "overpriced" in the same way.
It's meant to suck in all the monetary premium in the world because it's simply the best store of value that humanity has ever seen.
And so we return to the earliest price prediction ever made: $10 million per coin.
Shortly after receiving the first ever Bitcoin transaction, polymath Hal Finney speculated that Bitcoin would one day reach $10 million per coin.
And as we near the $100K per coin psychological barrier, that prediction appears more prescient by the day.
You are not late to Bitcoin.
This journey is just beginning.
And you have the rest of your life to enjoy the gains.
Why are the Dems inviting Trump
to the White House instead of pursuing recounts to make sure all these dubious swing state undervotes are accurate?
It’s infuriating.
UPDATE: The final results of the 2020 election vs. the 2024 election show nearly 10,000,000 voters did not vote this election. All of who went for Biden in 2020
Trumps numbers stayed relatively the same in both elections
How is this possible?
(Election results from CNN / AP)