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"....
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....
94% of wealthy crypto entrepreneurs have made their wealth purely on their own, a new report suggests. Self-made wealthy individuals worldwide appear more likely to invest in cryptocurrencies like Bitcoin (BTC) as opposed to those who hold more of inherited wealth, a new survey suggests.Wealth-X, a research startup focused on wealth information, released on Thursday a new report on the peculiarities of crypto investments made by wealthy people worldwide.This report is devoted to wealthy individuals with a net worth of $5 million and more, including those who are professionally involved in....
The recent Bitcoin rally to as high as $42,000 has been predominantly been driven by institutional investors suddenly waking up and realizing the asset’s long-term value potential. Buying in now, means not paying ultra-high prices some day down the line if it ultimately catches on. And while FOMO from wealthy individuals seeking to protect that […]