The Bitcoin Jet Set: Here Are Some Luxuries Bitcoin Can Buy The Ultra Wealthy
Since bitcoin's epic increase in value over the past two years, there's been quite a few individuals who've fallen into a lot of money. Sadly, me not included. Take, for example, the Norwegian man who made a $26 investment by purchasing 5,000 bitcoins in 2009. He received the shock of a lifetime last year when he discovered his investment was worth $850,000. He's not alone. Others around the world have become millionaires, even billionaires in such a short span of time. And while they have the option of cashing out into fiat, some have elected to keep their wealth in bitcoin. And while....
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There are really all sorts of things bitcoin can buy, and you can now add an over-the-top and obscenely large monster truck to that list. Pointed out by a Reddit.com user on Monday, the truck - described accurately as an "Extreme Off-Road 4×4 Recreational Vehicle" - is listed on BitPremier, a web service that specializes in luxury items in exchange for bitcoin. You may be interested in: The Bitcoin Jet Set: Here Are Some Luxuries Bitcoin Can Buy The Ultra Wealthy. This 32-foot-long monster built from a 2002 Ford Excursion (and stretched) weighs in at a whopping 13,500 lbs. With 66"....
A leading crypto adviser is sending an urgent message to XRP investors. Jake Claver, who advises the ultra-wealthy, says the time to prepare is before XRP becomes real money. He warns that too many investors wait until after profits arrive, and by then it may be too late to avoid problems. Claver explains that early planning could be the best way to protect XRP investor gains and keep them safe. According to him, waiting until the windfall is already in their wallet leaves them exposed and unprepared. Get Your Structure In Place Before XRP Profits Arrive Jake Claver’s first piece of advice....
There are ways in which a tax on the ultra-wealthy could nudge them toward crypto, but hiding assets is not one of them. Levying a progressive tax on the ultra-wealthy has been a talking point long popular with many United States Democrats, yet such a policy would have been unimaginable under a Republican administration and a split Congress.Now that the Democratic Party is back in control of both the White House and Capitol Hill, the initiative is formally on the table: On March 1, a group of Democratic lawmakers led by Sen. Elizabeth Warren introduced legislation proposing an annual tax....
The development of the cryptocurrency industry could not go unnoticed by the global rich. Where do the ultra-wealthy stand on crypto? The rich get richer. According to the Wealth-X consulting company, in 2020, the number of ultra-high-net-worth individuals worth $5 million–$30 million in the world increased by 1.7% to 295,450 people; the combined net worth of this group increased by 2% to $35.5 trillion.Observing the investment preferences of rich individuals and institutional investors is instructive. They have access to exclusive information and analytics to inform their investment....
Jake Claver, CEO of Digital Ascension Group, says ultra-wealthy families are rapidly accumulating XRP, and he believes most XRP holders still don’t realize how rare their position is. In a video posted on X, Claver revealed that his firm has been in recent conversations with large family offices that are now making significant allocations into XRP. His comments arrive at a moment when XRP’s long-term narrative is witnessing increased interest due to ETFs, and they highlight a shift happening among investors who have always avoided cryptocurrencies altogether. Related Reading:....