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Where I buy Bitcoin (Non-KYC options)
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Tesla would have missed their earning estimates had it not been for the bitcoin they held and adopting FASB fair value for digital assets which accounted for 26% of their earnings.
Since I recorded this yesterday there has already been an update that changes some things about the offering. shares will be $80 and the deal is over prescribed so they now plan to offer 7.3m shares instead of 2.5m
A full conversation with Rajat about Bitcoin, Microstrategy, Real Estate, and more
.0021 Bitcoin is 210,000 Sats or $210 USD when BTC is at 100k. It's an amount that most people in the developed world could get to, either by saving, selling some things, or just as a part of their investments. It's also roughly the amount of Bitcoin that all 8 billion people would have if Bitcoin were distributed equally, accounting for lost coins. Infact it's probably more because plenty of people, corporations and nation states will hold more than that and never sell down to that amount of sats. It's an amount that once you hold for a while you will question why you dont own more.
In this video I explore that meta has a shareholder proposal that advocates to use some of their cash balances and swap it into Bitcoin as a hedge against inflation. I talk about why I think meta is the most likely out of the magnificent 7 to do this
Wall street journal and many other publications recently published "news" about MSTR being subject to a 15 % unrealized gain tax on their bitcoin holdings. This was because of a tax law change in 2022. I explain that and why I think it is unlikely to happen
Find Jor @88SATSradio
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