Eric Spitz

@seth_fin What do you pay the loan with?

Imagine a father who secures $100,000 in spot Bitcoin. He holds the asset until the valuation hits a massive $5,000,000. Liquidating the position directly triggers devastating taxes on $4,900,000 of pure profit. So he executes the perfect institutional maneuver instead. He locks the Bitcoin in a legal trust, takes out a collateralized loan against the stack, and lives off the borrowed liquidity. Because he never executed a sale, his tax liability remains at absolute zero. Upon his death, the heirs receive the Bitcoin with a brand new cost basis set exactly at $5,000,000. The government cannot legally touch a single cent of the accumulated gain. This is exactly how generational wealth is permanently secured.

@DekmarTrades Do you buy and hold until the next company becomes number 1?

This is craziest one yet! We all are taught to buy the S&P 500 because it’s the safest, when in reality you are MISSING OUT on so much! Tell me this doesn’t make you just want to buy and hold $NVDA

@netcapgirl They also own X. “Can you also provide me with independent journalism?” 😂😂😂

me: i would like to buy a launch on a reusable rocket spaceX: ok me: i would also like high speed satellite internet spaceX: got it me: also do you know where i can find access to a frontier ai model and a social media site? spaceX: you’re not gonna believe this

@niccruzpatane He's baiting Elon to buy it. He wants to retire!

Elon is DEFINITELY buying Ryanair now. What did I just read? 😂

@Teslaconomics Best vehicle ever built.

The Cybertruck is the best Tesla ever built. And I don’t say that lightly. I’ve driven every Tesla extensively, and lived with them all. I know what makes a great vehicle, and this is it.

@OpenAI How do we sign up and pay to advertise on your platform?

Our test will be focused on logged-in adults in the U.S. openai.com/index/our-appr…

In the coming weeks, we plan to start testing ads in ChatGPT free and Go tiers. We’re sharing our principles early on how we’ll approach ads–guided by putting user trust and transparency first as we work to make AI accessible to everyone. What matters most: - Responses in ChatGPT will not be influenced by ads. - Ads are always separate and clearly labeled. - Your conversations are private from advertisers. - Plus, Pro, Business, and Enterprise tiers will not have ads.

The biggest risk to full adoption of autonomous driving 100% of the time is that it’s too fun actually driving my @cybertruck! I’m only at 60% of my miles on FSD because the Cybertruck is the best driver experience ever! FSD is mind blowing too. Thanks @Tesla

@barrywirtjr @ThePolemikOne @money_cruncher That’s a good point. I’m interested if there any financial benefits of opening a Trump account vs my current strategy.

@ThePolemikOne @EricSpitz @money_cruncher You also have no control over the custodial account. If a kid gets hooked on drugs they get the custodial account no matter what. Just open a separate account and keep it in their name for anything over the 529 imo

🚨 BREAKING: New IRS guidance explains exactly how Trump Account works. If you have kids, you must understand these rules. Here are all the details:

@BlakeSmithBS @money_cruncher I also have 529s. I wonder if a Trump account makes sense. 🤷‍♂️

@EricSpitz @money_cruncher Same here. Currently have a 529 and UTMA account for all 3 kids born before 1/1/25. Trying to figure out why I should/shouldn’t do this.

@sircalebhammer I just got the cybertruck. Get it. I promise you won’t regret. I had an S, this is a whole different experience.

I would’ve literally bought a cyber truck as recently as yesterday if it had the two interior screens that the model X and S has. Also the center screen tilting that both of those models have as well. Going from the X to test driving a cyber truck, all of that UI on one non-tilting center screen felt like a headache. Which really sucks, because the cyber truck is the smoothest ride I’ve ever been in, BY FAR. I guess I’m an X boy.

I hope so, I’m a Tesla bull! Unfortunately I think it’ll be longer. Tesla will only manufacture a few thousand cybertaxis by the end of 2026. If the existing Tesla fleet with HW4 can opt into ridesharing their own vehicles, then I think it’s achievable. I think it’ll be 5 years before Uber and Lyft die.

@EricSpitz @niccruzpatane Their entire USA business could be obliterated within 2 years by Tesla and Waymo. Take the big markets ans its game over.

Lyft CEO thinks there is ‘zero likelihood’ self-driving cars will replace human drivers in any reasonable timeframe. That will be the case for years and years and years to come,” he said. The car manufacturers aren’t entirely ready. The technology isn’t entirely ready for fog or snow or heavy rain or whatever it is. People, riders aren’t necessarily excited about it, and regulators aren’t necessarily enthusiastic about it in every place. Customers won’t demand it. They’ll just say, I don’t want to get in a self-driving car. Today, these cost maybe $250,000 to $300,000, a very expensive product, whereas a Prius or Corolla is maybe $30,00 or $40,000.”

@Hotshot_Movie He could be replaced by Kamala

Gavin Newsom terming out is gonna be the greatest thing for California since the ‘88 World Series.

@isaac_saas @NotScott91549 Post on X and meta that you’re looking to buy a home in your area and are willing to pay 1% to the buyers agent. You’re have hundreds of agents begging to represent you.

@NotScott91549 I don't know any realtors in the area. My thought process was request a few tours and see if I like one that Zillow assigns me... but we're 0/2 on that. I'll ask some friends who they've used in the past.

I’ve looked at 2 houses the last 2 days. Here’s how the process goes. - submit request to tour it on Zillow - I get a realtor randomly assigned to me to show me the house - we meet at the house and they know nothing about it and can’t answer any of my questions because they were randomly assigned… And then if I decide to buy… they get 3%? What? Sure, in a seller’s market, I can see the value of a realtor finding you leads quickly, maybe off the market stuff, but when homes are sitting for 3,4,5+ months… do they really have any leverage? At this point, they feel like a sales associate following me around a store, “need any help?”

Will never understand why we insist on Daylight Savings Time & Standard Time - who in the world wants the sun to set at 5.09 pm? The day was just fine yesterday when it set at 6.10 pm. 🌅🤷‍♂️

It’s completely dark out at 5:24pm. So unnecessary.

@FLManBabyWoo @TheChiefNerd You’re a dipshit. Yes they can. Look it up. I must be talking to a state Supreme Court lawyer.

@EricSpitz @TheChiefNerd They cannot arbitrarily declare a state of emergency. They can declare a state of emergency in the manner of whatever is in their state law or constitution. Please learn the basics of how state laws work.

DR. DREW: “Newsom comes out and goes … 8 out of 10 of the top state murder rates are in red states … That is true, but when you go and look at what the cities are with the top 10, nine out of 10 are Democrat … A classic Newsom manipulation.”

@FLManBabyWoo @TheChiefNerd You’re living in fantasy land. Governors can declare a state of emergency. They need to right now.

@EricSpitz @TheChiefNerd All of which will get shut down by the state’s Supreme Court almost immediately. Sorry, but you’re living in a fantasy land on this.

@FLManBabyWoo @TheChiefNerd Sure they can. They can declare states of emergency and bring up the state guard. They can withhold funding to cities. There’s plenty they can do.

@EricSpitz @TheChiefNerd Yeah, but you can't. Most states, even FL, have pretty strong Home Rule provisions and most of them have it embedded in their state constitutions. The governors can't just "do more," you'd have to amend state constitutions to give them the necessary authority.